HSBC Flash (i.e. preliminary) China Manufacturing Purchasing Managers Index (PMI) for September 50.5 expected is 50.0, prior was 50.2 – More below:
Shanghai Securities News (via MNI again): At least one of the big four state-owned banks is going to ease its policy on mortgage lending, sources from the bank said Could give a bigger discount on mortgage rates for the first … Continue reading
From the China Securities Journal (via MNI); comments in an interview from Zhu Min, vice president of the IMF and ex-deputy governor of the PBOC: China can accept a GDP growth of between 7-7.5%, said China will avoid going back … Continue reading
Kocherlakota answering audience questions: Says the Federal Reserve is a ‘politics-free’ organisation US needs to be careful on EU-like disinflation Says Europe on disinflation path the past few years Inflation needs to be back near 2% before liftoff Sees inflation … Continue reading
The Wall Street Journal is quick off the mark with analysis of Kocherlakota’s speech, and its ungated! Kocherlakota Says Fed Should Be More Aggressive on Inflation Target The Federal Reserve should be more proactive about ensuring U.S. inflation hits its … Continue reading
Fresident of the Federal Reserve Bank of Minneapolis Narayana Kocherlakota speaking ‘On the objectives of monetary policy’. The speech is from a prepared text and he will be taking audience questions after. Comments: Fed can let inflation exceed 2% to lower … Continue reading
China Securities Journal reports on comments from IMF’s Zhu Min saying China should cut its reliance on property sector. – Right, OK. Thanks for that.
We get excited in Australia when we get in the news in other countries. Look at me! So, great news this morning with the Wall Street Journal running with: Aussie Falls to Seven-Month Low vs. U.S. Dollar It’ll be high-fives … Continue reading
From the Nikkei overnight …: BOJ has stepped up purchases of exchange-traded funds to bring its equities portfolio to an estimated 7 trillion yen ($63.6 billion) or so The bank bought 123.6 billion yen worth of ETFs in August, the … Continue reading
President of the Federal Reserve Bank of Minneapolis Narayana Kocherlakota is speaking at 2330GMT today. The topic of the speech is ‘On the objectives of monetary policy’. The speech is from a prepared text and he will be taking audience questions … Continue reading
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