https://www.reuters.com/article/us-china-markets-rates/fed-easing-could-prompt-first-china-rate-cut-in-four-years-analysts-idUSKCN1U30IJ
Many analysts were expecting China to cut its bank interest rates after the US Fed meeting on 31 July 2019. However, they are going to be wrong because they don't analyse the economic situation properly.
We had stated that China wouldn't need to reduce its bank interest rates in our previous post in June.
https://sg-stock.blogspot.com/2019/06/china-has-started-to-sell-us-treasuries.html
The recent announcement by the Chinese authority also corroborated our analysis in June.
https://finance.yahoo.com/news/china-politburo-vows-action-trade-130458638.html
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https://sg.finance.yahoo.com/news/china-central-bank-keeps-powder-051013899.html
China stays put!
Didn't we tell u so! Yeah!
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