News By Region
Friday, October 28, 2016 - 04:02 China Money Week: New Tightening Vs WMPs Spooks Mkt; Yields Up 0
-- Mkt Concerned New Rule Will Reduce WMP Funds Available For Bond Investment
BEIJING (MNI) - China's interbank bond yields spiked this week after the central bank's latest tightening move against banks' wealth management products (WMPs), while not in place yet, badly hurt market sentiment.
Investors started worrying that the move could force banks, particularly small- and medium-sized institutions that are very aggressive, to rein in WMP growth, which in turn would reduce funds available for bond market investment.
The PBOC recently told banks that it will include off-balance sheet WMPs in the calculation of each institution's quarterly Marco Prudential Assessment (MPA) starting from the...
Friday, October 28, 2016 - 04:00 ECB Coeure: Unconventional Measures Remain Necessary 0
By Johanna Treeck
FRANKFURT (MNI) - The European Central Bank's unconventional policies remain necessary to ensure that inflation returns to its target of just below 2%, ECB Executive Board member Benoit Coeure said Friday.
Speaking at a Frankfurt conference on challenges posed by low interest rates, Coeure pledged that the Bank would continue to offer support until inflation was on a sustainable path.
Friday, October 28, 2016 - 01:32 BOJ: Japan Sep CPI Ex-Fresh Food, Energy +0.2%; Aug +0.4% 0
TOKYO (MNI) - Domestic inflation continues to slide even measured by the Bank of Japan's favorite, narrow indicator, threatening the bank's aim of achieving 2% inflation during fiscal 2017.
The BOJ said Friday it estimates that CPI minus volatile fresh food and energy, which it believes shows a clearer price trend amid low crude oil prices, rose just 0.2% on year in September.
Thursday, October 27, 2016 - 22:14 PBOC Injects Net CNY595 Bln via OMOs This Week 0
BEIJING (MNI) - The People's Bank of China injected a total of CNY195 billion via open-market operations Friday, traders said.
There were CNY95 billion in seven-day reverse repos, CNY65 billion via 14-day reverse repos and CNY35 billion in 28-day repos.
The actions resulted in a net injection of CNY595 billion for the week - the second consecutive weekly injection.
The central bank injected a net CNY95.5 billion last week.
The benchmark seven-day repo opened at 2.25% - unchanged from Thursday.
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Thursday, October 27, 2016 - 20:42 Japan Sep Household Spending Posts 7th Drop; Core Index Up M/M 0
TOKYO (MNI) - Japan's Family Income and Expenditure Survey of Households with Two or More People from the Ministry of Internal Affairs and Communications released Friday.
* Real average household spending fell 2.1% on year in September for the seventh straight drop vs. -4.6% in August as consumers remain cautious amid uncertain economic growth prospects. It came in firmer than the median economist forecast for -3.0%. The pace of decline decelerated from August, when a series of typhoons hit some regions.
* The decrease was led by lower expenditures on home repairs and maintenance, entertainment, tuitions and easing out.
Thursday, October 27, 2016 - 20:13 Japan Sep Core CPI Drop Steady -0.5% As Energy Decline Slows 0
--Japan Sep Core CPI -0.5% Y/Y; Median -0.5%; Aug -0.5%
--Japan Sep Total CPI Energy Costs -8.4% Y/Y; Aug -10.2%
--Japan Sep Total CPI TVs -18.6% Y/Y; Aug -15.3%
--Japan Sep Total CPI Electronics Goods -7.8% Y/Y; Aug -2.4%
--Japan Sep Total CPI Food Ex-Perishables +0.8% Y/Y; Aug +1.1%
TOKYO (MNI) - Japan's consumer price index from the Ministry of Internal Affairs and Communications released Friday. CPI figures date to 1970 under the 2015 base year:
* Japan's national average core CPI (excluding fresh food but including energy prices) fell 0.5% on year in September...