Prior 1.0% M3 3m moving average 1.1 vs 0.9% prior Private loans -1.0% vs -1.8% exp. Prior -2.0% An increase in loans could signal some confidence coming into Europe
Prior close was 6.1949 7-day repo has opened at 4.00% (prior close was 4.16%) – liquidity still slightly strained in China
plus risks of excessive credit expansion and destabilisation of financial system prompt action to address demographic challenges is needed to preserve growth momentum of domestic demand-led economy in Asia BOJ gov speaking in Thailand it’s important to establish regional safety … Continue reading
NZDUSD posting new session lows of 0.8581 as longs continue to get squeezed and the failure to hold above 0.8600 gives more impetus to the post-RBNZ fall
Standard Chartered economist Stephen Green: The CNY1 trillion in Pledged Supplementary Lending (PSL) that the People’s Bank of China recently conducted in the market “smacks of quantitative easing” The funds which have been relent to China Development Bank are “deliberate … Continue reading
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