PBOC Leaves Loan Prime Rates Unchanged in November
The central bank today conducted a 981 billion yuan reverse repurchase operation for 7 days, with short-term fluctuations in liquidity being controllable, and the market expects a possible reserve requirement ratio cut in November.
①Today, 12.2 billion yuan reverse repos will mature, in addition to 1450 billion yuan MLF and 80 billion yuan of treasury cash deposits maturing. The central bank conducted a 981 billion yuan 7-day reverse repo operation. Industry insiders believe that under the new framework of the central bank, there may be a reserve requirement ratio cut once this year, possibly as early as November.
mmf depreciated by over 15%! The central bank of "this country" suddenly intervened in the market. Latest statement: conducting a 4 billion forex crediting quota auction.
The Real is one of the worst-performing emerging market currencies this year, depreciating against the US dollar by more than 15% year-to-date. The Central Bank of Brazil intervened in the currency market during the sell-off of the Real, announcing a 4 billion forex credit auction.
China's Broad Money Supply Grows 7.5% in October
China's Newly-Issued Loans Fall 69% in October, Missing Estimates
Goldman Sachs: Trump's big stick of tariffs will target more Asian countries and regions.
① With Trump winning the presidential election in the usa, it has raised concerns in the market about tariff issues; ② In recent years, south korea, Vietnam, and other countries have obtained huge trade surpluses with the usa, which may become the next target of Trump's tariff policy.