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The Swiss inflation rate in October dropped to 0.6% for more than three years, lower than expected.
Swiss Federal Statistics Office data shows that Switzerland's October consumer price index (CPI) inflation rate fell to 0.6%, the lowest level since June 2021, below the market's expected 0.8%, compared to 0.8% in September. Housing and energy inflation slowed to 3.5%, while transportation prices fell by 2.7%. Compared to the previous month, CPI slightly decreased by 0.1%, not rising for the fifth consecutive month, reasons include decreases in hotel prices and international tour package prices. Prices of rbob gasoline, diesel, and fruits and vegetables also decreased.
Swiss inflation drops to the lowest level in three years, the central bank is determined to cut interest rates in December.
In October, the inflation rate in swiss franc decreased to the lowest level in more than three years, indicating that the Swiss National Bank will further cut interest rates in both this year and 2025.
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Corporate loan interest rates hit a new low! In the first three quarters, the financial system in peking provided a total financing volume of nearly 950 billion yuan. In September, the average weighted interest rate for corporate loans dropped to 2.87%.
1. In the first three quarters of this year, Peking's financial institutions continued to show a growing trend in credit volume. As of the end of September, the RMB loan balance and deposit balance increased by 5.4% and 9.4% year-on-year, respectively. 2. Since the beginning of this year, the weighted average interest rate of new corporate loans issued by financial institutions in Peking has remained at a low level, with the September average interest rate for corporate loans at 2.87%, reaching a new record low in statistics.
The Central Bank: In September, various types of bonds totaling 7,603.15 billion yuan were issued in the bond market.
On October 30, the People's Bank of China released the financial market operation situation for September 2024.
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The central bank: the fund flow information platform will be online for trial operation on October 25th.
On October 25, the People's Bank of China held a working meeting on the trial operation of the National Small and Medium-sized Enterprise Funds Flow Credit Information Sharing Platform (hereinafter referred to as the Funds Flow Information Platform) online.
How does foreign investment's "buying spree" in china impact the exchange rates of the chinese yuan? Industry insiders: it helps stabilize the exchange rates and two-way fluctuations will become the norm.
①Communication with foreign investors shows that investors' interest in China is rising, and some long investors may return to China; ②Since late September, foreign net purchases of domestic stocks have increased overall; 3. Foreign capital inflows into China help stabilize the exchange rates of the Renminbi.
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The liquidity stratification is serious this week, with a significant increase in the scale of reverse repurchase maturities. Industry insiders: There is a large capital demand at the end of the month. Pay attention to the scale of MLF continuation on Fri
This week, the significant increase in the amount of reverse repurchase maturing has drawn market attention to the scale of Friday's MLF rollover. Institutions believe that the stratification of funds has intensified, possibly due to a decrease in the lending capacity of the funding recipients compared to the previous period.