The ‘Yellen effect’ on the PBOC is quite evident. China’s central bank raised a short-term interest rate on lending to banks, but left its benchmark rate unchanged following the US increase.
Independent Market Analyst Matt Brown believes the China economy has had a good start to 2017, but needs globalisation and the central bank is unlikely to do aggressive rate hikes.
Also discussed is – Trump-Merkel meeting, COE report on Russell 2000, Oanda Forex market sentiment and broker recommendations. The segment is hosted by Presenter Zak Mir.