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Wednesday, July 31, 2019

Will China cut its bank interest rates soon?

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

1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/china-central-bank-keeps-powder-051013899.html

China stays put!

Didn't we tell u so! Yeah!