Reply To: Traders Market Weekly: Market Dysfunction with Inflation and Supply Fragilities

#35751
Truman
Participant

The People’s Bank of China made no changes to its one-year and five-year loan prime rates despite expectations for cuts.

A former PBoC official called for a temporary easing of curbs on property debt.

The Bank of Japan offered to buy unlimited amounts of 5- and 10-yr JGBs after the country’s 10-yr yield climbed above 0.25% to a level not seen since early 2016.

Australia’s Finance Ministry now expects that 2022 deficit will be about 3.0% of GDP, up from October’s projection of 2.3% of GDP.