Yesterday's move had a lot to do with the downgrading of the hurricane, but it's the same category as Katrina.

The most visible manner to achieve this is by allowing USD/CNY to fall marginally below the psychological 8.00 level by late April.

That's signaling that they may be moving toward a pause.

This time around it's at the high end, so in this sense, it is sufficient for addressing inflation.

Do not think of defeat if the battle is not won yet

Why did they do it? Beats the hell out of me. I was just a scared kid from Kentucky, and these guys had been up in the majors for a while. I guess it was because I was just such a helluva nice kid - if you'll accept that.