- U.S. Fed Officials Suggests Early End to QE2
U.S. Fed officials are calling for a review of the current stimulus effort, the second round of so-called quantitative easing (QE2), suggesting earlier withdrawal from the bond-buying, which is slated to end in June.
- China Likely to Hike Bank Reserves to up to 23Pct
An increase in the banks’ deposit reserve requirement will have greater effect than other tools on the regulation of monetary supply, while the best level for the reserve requirement ratio (RRR) should be targeted at around 23 percent.
- China CPI may Decline in Feb. – Reports
China’s consumer price index will decline slightly from January’s 4.9 percent while chances for hikes in reserve requirements and rates still exist.
- HSBC China Feb. PMI 51.7, Official 52.2
The HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, fell to a seven-month low in February at 54.5.