A chill swept through Chinese financial markets after the central bank withdrew cash from the banking system and an official warned about asset bubbles.
China Repo Rates Soar To 15 Month High After PBOC Warns Of Asset Bubbles, Drains Liquidity zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Oil declined from a 10-month high as the dollar strengthened, taking the steam out of a recent rally, while investors assessed what impact a potential US stimulus package will have on driving fuel demand higher.
Bank of Korea to Hold Rates as It Eyes Debt Risk: Decision Guide
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January 14, 2021
Shoppers wearing protective masks browse stalls at the Dongdaemun market in Seoul, South Korea, on Nov. 28.
(Bloomberg) The Bank of Korea is likely to keep its record-low interest rate on hold Friday as it increasingly focuses on guarding against risks from rising debt and asset prices.
Governor Lee Ju-yeol and the board will hold the seven-day repurchase rate at 0.5% in their first policy decision this year, according to all 22 economists surveyed by Bloomberg. A separate poll sees the bank standing pat on rates all year after cutting them by 75 basis points in 2020 to fight the pandemic.