-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessChina Press Digest Oct 22:RRR Cut, Mortgage Rate, US Hostility
The following lists highlights from Chinese press reports on Friday:
- The PBOC should consider cutting RRRs by another 0.5% to release lower-cost market liquidity, lower real interest rate and promote credit growth in the future, the 21st Century Business Herald reported citing Lian Ping, chairman of China Chief Economist Forum. He noted that the current weighted average level of the RRR is close to 9%, leaving room for another cut following the 0.5% reduction in July. The central bank should also roll over the MLFs maturing in Q4, and lower the real market interest rate by 15-25 bps by unleashing the potential of LPR reform, Lian was cited as saying. Monetary policy should be appropriately looser amid weak demand and slowing economic growth, said Lian, adding that the spillover effect of possible monetary tightening by the Fed is controllable by China.
- China's credit supply for residential housing is expected to rebound steadily in Q4, as the real estate credit environment is improving with mortgage interest rates in 90 cities in China falling in October from September by 1 bp, Yicai.com reported citing a report by Beike Research Institute. The average interest rate for first-time buyers in 90 cities was 5.73% while that for second-time buyers was 5.99%, both lowered by 1 bp from the previous month. Though a major easing is unlikely, recent comments by top policymakers indicate that the tightest moment of credit supply has passed, as the credit tightening since Q2 has led to sharp declines in home sales, land sales and many overseas debt defaults by developers, the newspaper said.
- China needs not to give the incoming U.S. Ambassador to China Nicolas Burns any other courtesies except diplomatic etiquette, given his "toughest and most arrogant" confirmation hearing statements toward China in the Senate on Wednesday, the Global Times said. Burns will inevitably suffer from setbacks after he comes to China, and the U.S. lacks the means to pressure China to submit, the state-run newspaper said. Burns's systematic attack on China, including criticizing its Xinjiang and Hong Kong policies and willingness to sell more arms to Taiwan, demonstrated the U.S. political elites' overall hostility toward China, the Times said. However, Burns's statements seemed hollow as he didn't suggest new moves for the U.S. to deal with China, said the newspaper.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.