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Benign inflation allows China to cut rates
Weekly investor research
11 May 2015
China’s central bank cuts the policy rate by 25bps amidst further steps towards freeing up markets. India’s lower house
approves GST and Governor Rajan secures the right to regulate bond markets as India moves slowly but steadily towards
capital account liberalisation. Brazil’s parliament approves important fiscal measures despite opposition from within the
President’s own party. Russian economic activity and inflation beat expectations. In developed markets, bond prices have
become very volatile as major consensus trades based on a bullish US outlook fail to face up to reality. The full article is available on the link below.