隔夜cut 25bps...7 T$ h9 }( _; l' \/ c
看来保房市重中之重,跟天朝一个德行$ S- U/ g- ]+ J( E1 ]% N
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Agree with you on the point. The cut is Based on the idea that oil price will be up within 6 months as in 2009. They are gambling now, but have a winning chance by more than 50 %.
Houses will be stable so far under the policy of BOC, but your daily life cost will be increasing due to the purchasing goods from US. A new balance will be set for a while at the cost of increasing daily life expense. The result will depend on the rise of crude oil in an acceptable period, but it is worth taking a step.
It seems no prime rate lowered this time from Oliver's speech today? If yes, BOC is worrying about the debts in the residential mortgage? but has to give soem blood to the industry?