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Monetary Easing

All articles tagged with #monetary easing

finance1 year ago•2 min saved

"State Banks Intervene as China's Yuan Hits Four-Month Low, Global Stocks Dip"

China's yuan fell to a four-month low against the dollar, prompting state-owned banks to intervene and defend the currency. Market sources revealed that state banks bought yuan for dollars, and the currency closed at 7.2275 per dollar, 281 pips softer than the previous session. The yuan's decline is attributed to growing expectations of further monetary easing to support the economy, as well as a stronger dollar and depreciation of the Japanese yen and other Asian currencies. The People's Bank of China set the midpoint rate weaker than market projections, indicating potential further easing measures. The sudden weakness in the yuan also impacted stock markets, with the Shanghai stock index down 1%.

via Reuters|

#chinese-yuan #finance #market-expectations

finance1 year ago•2 min saved

"Gold Surges to Record High Amid Expectation of Fed Rate Cut and Wall Street Momentum"

Gold reached a record high as expectations of US monetary easing and geopolitical risks drove momentum-driven fund activity, with spot gold rising to $2,130.79 per troy ounce. Strong physical demand in Asia, central bank purchases, and gold's safe-haven status also supported its rise. Analysts predict further upside potential, with some expecting gold to hit $2,300 this year. Meanwhile, silver has also rallied, while platinum and palladium have seen declines.

via Yahoo Finance|

#etf #finance #gold

finance2 years ago•0 min saved

Fed's Easing Sparks Bullish Markets and Wall Street's Everything Rally

The Federal Reserve's announcement of monetary easing has given the market a boost, but some investors are concerned about the reasons behind the decision and its potential implications for the bull market, as well as interest rates.

via Barron's|

#bull-market #federal-reserve #finance

economy2 years ago•2 min saved

"Surprising Rate Cut by China's Central Bank Aims to Boost Struggling Economy"

China's central bank, the People's Bank of China (PBOC), unexpectedly cut key policy rates for the second time in three months in an effort to boost the country's sputtering economic recovery. The move comes as credit growth tumbles and deflation risks rise, prompting the need for monetary easing measures. Analysts believe this rate cut opens the door for a potential reduction in China's lending benchmark loan prime rate (LPR) next week. The PBOC lowered the rate on one-year medium-term lending facility (MLF) loans to some financial institutions, injecting liquidity into the banking system. This move widens the yield gap with other major economies, putting pressure on the yuan and risking outflows.

via Reuters|

#central-bank #china #economic-recovery

finance2 years ago•2 min saved

China's Big Banks Signal Monetary Easing with Deposit Rate Cuts

China's six state-owned commercial banks have cut interest rates for savers in a bid to boost economic growth in an economy where consumption has been slow to recover. The deposit rate cuts help improve banks' profitability and set the stage for the People's Bank of China to reduce other interest rates. Lower interest rates give businesses more incentive to borrow, but it's not a given that lower deposit rates will translate immediately into greater spending. The PBOC is expected to release the medium-lending facility interest rate on June 15 and the loan prime rate on June 20.

via CNBC|

#banks #china #economic-growth