• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Finance Minister Klinger: I will continue to push for an unexpected energy tax, despite the lack of majority support in the EU at present.On May 4th, the Housing and Urban-Rural Development Bureau of Zhongshan City, Guangdong Province, released "Several Measures for Continuously Promoting the Stable and Healthy Development of the Real Estate Market in Zhongshan City," aiming to further reduce existing housing stock and optimize new housing supply to better meet residents rigid and improved housing needs. The "Several Measures" consist of seven articles, including continuing to support residents "trade-in" programs; encouraging the market-oriented operation of "trade-in" programs for commercial housing; increasing support for home purchases using housing provident funds; optimizing the criteria for determining the number of housing units eligible for housing provident fund loans; accelerating the reduction of commercial property inventory and encouraging the revitalization of existing resources through multiple channels; increasing financial support and reducing the down payment ratio for commercial property purchase loans; and piloting the implementation of housing voucher resettlement compensation. Among these measures, it is stipulated that acquired old houses can be resold, renovated, or used for market-oriented rental housing, talent apartments, and affordable rental housing. The minimum down payment ratio for commercial property purchase loans has been adjusted to no less than 30%.U.S. Treasury Secretary Bessenter: The United States is opening the Strait of Hormuz.Apple (AAPL.O) has launched new sport bands and watch faces, which are now available for pre-order at a price of $49.May 4th - According to the Traffic Management Bureau of the Ministry of Public Security, on the fourth day of the May Day holiday, various regions have entered the peak return travel period, with traffic flow on major highways and national and provincial trunk roads across the country generally operating at high levels. Local public security traffic management departments have strengthened order control, strictly investigated serious violations, enhanced emergency response, and widely publicized information to ensure road traffic safety and smooth flow. As of 6 PM, except for a few sections experiencing congestion due to excessive traffic volume and minor accidents, traffic on major highways nationwide was generally stable and orderly, with no prolonged or widespread traffic jams. May 5th is the last day of the May Day holiday, and various regions will see the peak return travel period, with traffic flow on highways and national and provincial trunk roads expected to remain high.

AUD/JPY Establishes over 90.00 as RBA Favors Gradual Balance Sheet Easing Program

Alina Haynes

May 23, 2022 10:06

The AUD/JPY pair has showed a sharper upward move after being underwhelming in the early Tokyo session. The risk barometer stayed in a modest range of 90.18-90.44 and now has surged significantly to around 90.60 after Reserve Bank of Australia (RBA)’s Christopher Kent said that the central bank is in no haste to kick-start its balance sheet reduction operation.

 

The current spike in the price pressure caused the RBA to boost its interest rate by 25 basis points (bps) for the very first time since the Covid-19 epidemic in May’s monetary policy statement. The action was absolutely unexpected since the RBA did emphasize in its comments that the central bank is not seeing rate rises sooner.

 

As RBA has pushed up its rate cycle, the market investors started expecting that the RBA will also commence its balance sheet reduction program to speed up the inflation-controlling procedure. Now, the RBA has indicated that the central bank is in no mood to bank upon quantitatively easing forcefully.

 

RBA Christopher Kent ordered that the Bank would continue to be able to maintain effective control over the cash rate as it withdraws monetary policy stimulus in the term ahead,' as per Reuters.

 

Meanwhile, higher-than-anticipated inflation data in Tokyo are expected to limit the sheer quantity of stimulus packages supplied by the Bank of Japan (BOJ) to accelerate the growth rate. Annual Japan’s National Consumer Price Index (CPI) number at 2.5 percent , much higher than the expectations of 1.5 percent and the earlier print of 1.2. 

AUD/JPY

image.png