PBOC likely to tighten policy as early as 2017 – Bloomberg

A day ahead of Yuan’s inclusion in IMF’s SDR basket, a Bloomberg survey shows economists expect the People’s Bank of China (PBOC) to being policy tightening as early as next year.

Bloomberg survey of 18 economists conducted between September 19 and September 26 shows four economists expect tightening by 2017, while majority believe tightening would happen by 2019.

A Majority of economists also see RMB bottoming out by end of 2017.