In a coordinated effort to stimulate economic growth, central banks worldwide are embarking on a rate-cutting spree. Europe led the charge, followed by the Federal Reserve, with China making moves before, during, and after. Beijing aims to revitalize its struggling economy and real estate sector through cheaper credit.
The People's Bank of China (PBOC) is set to announce official policy changes on its website soon. They are supposed to cut RRR by 50 bp in the near future to provide 1 tn yuan liquidity to the markets , PBOC said on Tuesday.
Meanwhile, China's 10-year bond yield hit a record low of 2% during a high-level press conference, signaling market expectations of further easing.
Europe leading the charge?
Are you sure, seems like the USA is purposely inflating everything.
The EU IMO is in far bigger trouble as they have the euro-problem
USA has the dollar problem.
Yes, but the Eurozone is a heterogene space and not one nation. It never will be. Any crisis brings the fight one against each other
That is true.
Maybe you can bring the UAE into the EU.
lol
I'm excited how this Chinese cut would impact their market. Don't their bond yields hitting record low suggest that they should at least hold the rates steady. The market may react negatively.