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On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm.
For the last months the world's number two economy has started cooling amid a government crackdown on high-risk lending as well as polluting factories, not to mention the move by the country’s major bank - coming hours after an expected Fed rate lift – indicated that the Chinese authorities will keep policy tighter in 2018.
A bunch of reports on the day highlighted the economic influence of government efforts to wean the Asian country off its years of a strong addiction to debt, with investment, industrial output and property market all supporting evidence of a moderation in momentum.
Market experts told that the PBOC rate lifts, widely considered to be a backdoor approach neutralizing the necessity to lift benchmark policy rates, won’t impede activity, although they pointed to the government’s commitment to keep curbing leverage.
In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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