Interestrates are falling in China.
The one-year deposit rate was cut by 27 basis points 3.87% and the one-year lending rate was droppedby 27 basis points from 7.20% to 6.93%.
That’s the second rate cut in a month.
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From the category archives:
Interest Rate News
This is the news that Chinese investors have been waiting for. The People’s Bank ofChina lowered its key lending rate and deposit reserverequirements for banks.
Loan rates were cut by 0.27% to 7.20% and the reserve ratio was choppedby one full percentage point.
This move should set the floor for Chinese stocks and create the launching [...]
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Ben Bernanke and his buddies aren’t too worried about inflation but most of the world’scentral bankers disagree.
The Bank of (South) Korea raised its key interest rates by1/4 point today.
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The Hong Kong stock market jumped 2.1%yesterday, is at a five-week high, and is now over 23,000.
Hong Kong is an interesting market. It enjoys the rapid economic growth of mainland China but not the high interest rates. The reason is that the HongKong dollar is pegged to the U.S. dollar and therefore must mirror our [...]
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Central bankers all across Asia are raising interest rates, including the Reserve Bank of India increased its
key rate to 8.5% last week.
The reason is simple — inflation is taking off. The most recent inflation numbers showed inflation rising at the fastest pace in 13 years to 11.4% in India.
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At least one country is serious about fighting inflation.
The Indian Central Bank raised
interest rates for the second time in two weeks. The Reserve Bank of India lifted the repurchase rate by 0.5 percentage
point to 8.5%, the biggest move since 2000, and adjusted the cash-reserve ratio by a similar margin to 8.75%
Why is our Fed being [...]
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