Is There More To It?
Chinese authorities responded to their faltering economy in 2018 by diverging from their Western counterparts. Their PBOC would lean into rate cuts (RRR) at the very same time America's Federal Reserve would accelerate more in the direction of rate hikes. The ECB, for Europe’s part, intended to follow the Fed’s path, reaching December 2018 and terminating its own QE with [...]
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