Moody's: PBOC's further easing of down-payments is credit positive for Chinese property developers
Feb 04, 2016 02:20 am UTC| Research & Analysis Central Banks
Moodys Investors Services says that the new down-payment requirements for first and second home owners in China (Aa3 stable) are credit positive for the countrys developers because they will support demand for properties...
China’s foreign reserve data likely catalyst for next CNY move
Feb 03, 2016 15:05 pm UTC| Commentary Central Banks
Chinas foreign reserve data to be released on Chinese New Year Eve is likely to be the catalyst for the next CNY move. If there is another big drop in the reserves, the market could speculate more depreciation in Chinese...
Can PBoC make a successful transition towards a more flexible exchange rate?
Feb 03, 2016 10:09 am UTC| Insights & Views Central Banks
PBoC has shocked the markets twice in the past six months in its effort to depreciate CNY against the USD, first in August and then Dec 2015. Both the times markets evidenced intensified CNY depreciation expectations,...
RBNZ likely to ease monetary policy by 25bps in March
Feb 03, 2016 09:34 am UTC| Commentary
New Zealands employment was better than expected in the fourth quarter, as a decline in participation dragged the unemployment rate to 5.3 percent as compared to previous 6.0 percent. The labour cost index was firm at 1.6...
Feb 03, 2016 08:05 am UTC| Commentary Economy
Balance of Trade data released today from Australian Bureau of Statistics painted another bleak picture for Australian economy. Trade deficit widened to lowest since last April. For December, Trade deficit came at $3.535...
China’s real GDP growth likely to decelerate to 6.4% in 2016
Feb 02, 2016 12:26 pm UTC| Commentary
Chinese economy is seen as a crucial source for global economic growth. Growing concerns over the economy will hurt investor sentiments as they will be wary on volatility in financial market conditions and challenges...
PBoC boosts housing market with cut in down payment
Feb 02, 2016 09:54 am UTC| Commentary Central Banks Real Estate
To boost Chinas ailing housing sector, peoples Bank of China (PBoC) has lowered deposit requirements for house buyers. According to new rules, which was last changed back in 2010, first time home buyers can now take up...
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