The ‘Yellen effect’ on the PBOC is quite evident. China’s central bank raised a short-term interest rate on lending to banks, but left its benchmark rate unchanged following the US increase.
Independent Market Analyst Matt Brown believes the China economy has had a good start to 2017, but needs globalisation and the central bank is unlikely to do aggressive rate hikes.
Also discussed is - Trump-Merkel meeting, COE report on Russell 2000, Oanda forex market sentiment and broker recommendations. The segment is hosted by Presenter Zak Mir.
Meet Rainbow Rare Earths Limited, Eurasia Mining plc, Mariana Resources Ltd., Anglo Asian Mining Plc and Hannan Metals Ltd at our event, London, 09 May 2017. Register here »