Australia, say hello to the lower bound. Traders price in at least a 25 basis-point rate cut by the RBA and a slight chance of 50 bps, taking the benchmark down to 0.25%. At that point, discussion would shift to the kind of unconventional monetary policy needed, Bloomberg Economics said, pointing the risks to growth posed by Covid-19 and drought. The yield on the nation's 10-year bond may go negative as a result, BlackRock said. Malaysian policy makers, who also meet Tuesday, may cut by 25 bps to 2.5% in the face of both a domestic political crisis and the virus.
South Korean inflation probably slowed in February as the coronavirus put the brakes on recent acceleration, Bloomberg Economics said. Consensus is for the year-on-year gain in CPI to slow to 1.3% from 1.5%, with prices flat from January. Final fourth-quarter GDP, also due today, may affirm initial readings of 2.2% growth from a year earlier and 1.2% from the prior three months.
Hong Kong will avoid the kind of property market crash that followed previous economic slumps, Financial Secretary Paul Chan told Bloomberg TV. Unlike after SARS, the city has short supply, flush liquidity and historically low interest rates, he said. Separately, the city's retail sales by value fell 21.4% in January from a year earlier, their 12th straight month of declines as the coronavirus succeeded civil unrest in disrupting tourism.
ECB supervisory board chair Andrea Enria is meeting early resistance to proposals for boosting M&A in the continent's banking industry, people familiar said. A majority of the board's members signaled at a meeting last week that they were skeptical of or outright opposed to allowing banks to move liquid funds from one country to another, a key element of his proposal. While there was no formal vote, the opposition risks delaying or even derailing the efforts.
South Korean inflation probably slowed in February as the coronavirus put the brakes on recent acceleration, Bloomberg Economics said. Consensus is for the year-on-year gain in CPI to slow to 1.3% from 1.5%, with prices flat from January. Final fourth-quarter GDP, also due today, may affirm initial readings of 2.2% growth from a year earlier and 1.2% from the prior three months.
Hong Kong will avoid the kind of property market crash that followed previous economic slumps, Financial Secretary Paul Chan told Bloomberg TV. Unlike after SARS, the city has short supply, flush liquidity and historically low interest rates, he said. Separately, the city's retail sales by value fell 21.4% in January from a year earlier, their 12th straight month of declines as the coronavirus succeeded civil unrest in disrupting tourism.
ECB supervisory board chair Andrea Enria is meeting early resistance to proposals for boosting M&A in the continent's banking industry, people familiar said. A majority of the board's members signaled at a meeting last week that they were skeptical of or outright opposed to allowing banks to move liquid funds from one country to another, a key element of his proposal. While there was no formal vote, the opposition risks delaying or even derailing the efforts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.