In Asia, the advent of Abenomics raised concerns that China could respond in an effort to protect its exports market share and with its growth easing to 7,4 per cent for the fourth quarter in 2014, the lowest in 24 years, devaluation of the Chinese yuan may be considered a possible policy option.
BIS central bankers’ speeches  1  In summary, the further quantitative easing may in the short term increase global liquidity and lead to capital inflows to emerging market economies, but this may be accompanied by increased currency volatility on the back of dollar strength and in some countries weaker growth.