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Real-time News
Pan Gongsheng, governor of the Peoples Bank of China, said that the short-term interest rate control mechanism will be improved.According to the official measurement of the China Earthquake Networks Center, a 4.1-magnitude earthquake occurred at 10:06 on June 17 in Haixi Prefecture, Qinghai Province (37.85 degrees north latitude, 95.55 degrees east longitude), with a focal depth of 10 kilometers.On June 17th, Jarden economists warned that the Reserve Bank of Australia (RBA) cannot accelerate the natural decline of inflation by adjusting interest rates. In their research report, they pointed out that the composition of inflation is more important than its level, and they expect core inflation to remain above 3% until the second half of 2027. They noted that the main reason for the significantly higher-than-expected inflation rate is not an overheated domestic economy, but rather related to fuel costs, which are beyond the control of officials or politicians. This situation should ease as the situation in the Middle East normalizes, but Jardens core concern is the extent to which cost pressures will affect Australian goods and services.On June 17th, Wind data showed that as of June 16th, Guotai Funds ETF assets under management reached 342.274 billion yuan, jumping to third place in the industry, second only to E Fund Management and China Asset Management. Since the beginning of this year, Guotai Funds ETF assets under management have increased by 55.828 billion yuan, ranking first in the entire market. Among them, the Guotai Communications ETF and Guotai Semiconductor Equipment ETF contributed significant increases of 33.067 billion yuan and 15.267 billion yuan respectively, while the Guotai Power Grid Equipment ETF and Guotai Gold ETF also saw increases of over 6 billion yuan each.June 17th - According to a Wall Street Journal survey of economists, 10 out of 12 believe the Philippine central bank is likely to raise its policy rate by 25 basis points to 4.75% on Thursday. Economists at Capital Economics noted in a report that the Philippines is one of the Asian economies most severely affected by the energy shock, and inflation has exceeded the central banks target range in recent months. The firm added that while inflation concerns may prompt the central bank to raise rates, it will also consider economic weakness in its decision-making. Two economists predict a larger rate hike, reaching 50 basis points. HSBC analyst Aris Dacanay believes the rate hike could be even larger given the central banks price stability target.
