South Korea, US Discuss Warship Building Cooperation 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Oil Prices Extend Losses as U.S.-Iran Talks Ease Supply Fears 
Gold Prices Rise as Oil Slump Eases Fed Rate Hike Fears 
Oil Prices Tumble on U.S.-Iran Diplomacy Hopes, Supply Relief 
Bank of England Sees Surge in Higher-Risk Collateral 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
RBNZ Raises Interest Rate to 2.75%, Kiwi Dollar Slides 
Add as a preferred source on Google
The People’s Bank of China (PBoC) is expected to maintain an easing bias, given its concerns about financial stability, according to the latest report from ANZ Research.
China’s headline inflation will move higher amid the surge in global oil prices and recent geopolitical tensions. However, a limited impact is expected as the Chinese authorities has price control mechanisms in place in the energy and related sectors.
ANZ’s model shows that if oil prices increase 10 percent in 2020 from their average level in 2019, it will add 0.3ppt and 0.7ppt to ANZ’s baseline CPI forecast (to 3.8 percent, from 3.5 percent) and PPI forecast (to 0.3 percent, from -0.4 percent).
"We thus maintain our forecast for another 50bp reduction in the reserve requirement ratio (RRR) in 2020 after the cut announced on January 1," the report further commented.
