December 21, 2024 12:43 pm
The People’s Bank of China has kept benchmark lending rates at record low levels at the December fixing, in line with market consensus. The 1-year loan prime rate, a benchmark for the majority of corporate and household loans, was left at 3.1% in December. The 5-year loan prime rate, a reference for property mortgages, was […]
Read moreDecember 21, 2024 7:38 am
The general public’s domestic loan debt in Norway has grown at an annualized rate of 3.6% to NOK 7.51 billion at the end of November, data by Statistics Norway showed. The latter was a slowdown from 3.8% YoY in October. Municipal government loan debt increased 7.6% YoY in November, while easing from 9.2% YoY in […]
Read moreDecember 20, 2024 9:18 am
New Zealand reported a trade deficit of NZD 0.4 billion in November, which compares with a NZD 1.2 billion trade gap in the same month of 2023. Total exports surged 9.1% year-on-year to NZD 6.48 billion in November. That reflected higher shipments of: – fruit (162% YoY); – precious metals, jewelry and coins (51% YoY); […]
Read moreDecember 19, 2024 11:21 am
The USD/SGD currency pair traded in proximity to a fresh 7 1/2-month high of 1.3634 on Thursday, after the Federal Reserve signaled fewer rate cuts in 2025 due to robust GDP growth and persistent inflation. The central bank’s dot plot projections showed just two interest rate cuts next year, totaling 50 basis points. That compares […]
Read moreDecember 18, 2024 12:10 pm
The EUR/USD currency pair remained confined in a narrow trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will be on the extent of rate […]
Read moreDecember 18, 2024 9:37 am
The USD/MYR currency pair was mostly flat on Wednesday, holding not far from a fresh 1-month high of 4.4730, ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Still, investor focus will […]
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