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EMERGING MARKETS: Global news: September 25

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • ISRAEL – Hezbollah forces fired a missile at Tel Aviv from Lebanon on Wednesday that
    Israel managed to shoot down, as the two sides continued their heaviest attacks on one another for around 20 years. Israel activated air sirens as the projectile - the first fired by Hezbollah on the city - flew over central parts of the country, the Israeli military said. Hezbollah said it was a ballistic missile aimed at the headquarters of Mossad, Israel’s external-intelligence agency, in Tel Aviv’s suburbs.
  • CHINA (MNI Beijing) – The PBoC cut the one-year medium-term lending facility rate by 30bp to 2.0% on Wednesday, draining a net of CNY291 billion from the interbank market, according to a statement on its website. The Bank conducted a CNY300 billion one-year MLF operation even though a total of CNY591 billion matured on Sept 15 in a bid to maintain “reasonable and adequate liquidity” in the banking system, the statement said.
  • SWEDEN (MNI) – The Riksbank cut its policy rate 25bp to 3.25% and said that it now expected to cut faster than it had previously anticipated, with a 50bp cut at an upcoming meeting a clear possibility. Analysts had unanimously anticipated the 25bp cut but the Riksbank has stepped up its plans for further easing, shifting policy in a markedly more expansionary direction.
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  • ISRAEL – Hezbollah forces fired a missile at Tel Aviv from Lebanon on Wednesday that
    Israel managed to shoot down, as the two sides continued their heaviest attacks on one another for around 20 years. Israel activated air sirens as the projectile - the first fired by Hezbollah on the city - flew over central parts of the country, the Israeli military said. Hezbollah said it was a ballistic missile aimed at the headquarters of Mossad, Israel’s external-intelligence agency, in Tel Aviv’s suburbs.
  • CHINA (MNI Beijing) – The PBoC cut the one-year medium-term lending facility rate by 30bp to 2.0% on Wednesday, draining a net of CNY291 billion from the interbank market, according to a statement on its website. The Bank conducted a CNY300 billion one-year MLF operation even though a total of CNY591 billion matured on Sept 15 in a bid to maintain “reasonable and adequate liquidity” in the banking system, the statement said.
  • SWEDEN (MNI) – The Riksbank cut its policy rate 25bp to 3.25% and said that it now expected to cut faster than it had previously anticipated, with a 50bp cut at an upcoming meeting a clear possibility. Analysts had unanimously anticipated the 25bp cut but the Riksbank has stepped up its plans for further easing, shifting policy in a markedly more expansionary direction.