Bloomberg reporting the comments from UBS economist Wang Tao
- 2018 GDP forecast is 6.5%, previously 6.6%
- For 2019, 6.2% from 6.4%
Citing a slowing due to trade war
Citing a slowing due to trade war
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NZIER's Monetary Policy Shadow Board narrowly favours holding the OCR at 2.25% in July, but calls it a line-ball decision against a 25bp hike, with members still agreeing rates should reach 3 to 3.25% within a year.
PBOC is expected to set the USD/CNY reference rate at 6.7850 – Reuters estimate
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ANZ expects the RBNZ to raise the OCR 25bp to 2.50% next Wednesday despite the sharp fall in oil prices, arguing a neutral-to-dovish hike offers the most comfortable footing given persistent inflation risk and a softer NZD.
ANZ expects the RBNZ to raise the OCR 25bp to 2.50% next Wednesday despite the sharp fall in oil prices, arguing a neutral-to-dovish hike offers the most comfortable footing given persistent inflation risk and a softer NZD.
China's auto exports surge 73% in May, challenging EU rivals. EVs gain traction amid fuel costs.
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