PBOC to cut RRR And LPR in 2023 – China Securities Journal
The People’s Bank of China (PBOC) is seen cutting the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) further in 2023, “as authorities implement “accurate and forceful” monetary policy,” China Securities Journal reported, citing experts. Additional quotes “To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing […]
XAU/USD at risk of suffering a setback – Commerzbank
Gold price has chalked up gains at the start of the new year. Nonetheless, strategists at Commerzbank envisage a risk of setbacks in the yellow metal market. Any lasting recovery will require a shift in sentiment among ETF investors “Gold’s upswing is presumably due primarily to more optimism among speculative financial investors, who are generally […]