<p>For the first time in over 3 years, People’s Bank of China (PBOC) lowers the rate of the 1-year medium lending facility (MLF) by -5 bps to 3.25%. This surprising move underlines the rapid det
<ul><li>The next phase is not when to reduce rates, even though that’s where the markets are at</li><li>It is about how long do we need monetary policy to remain restrictive in
<p>Westpc's main points:</p><ul><li>Leading Index growth rate lifts slightly to –0.6% in July from -0.67% in June. </li><li>Twelfth month of negative prints, l
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