Wednesday: PBoC escalates currency support
Aug 22, 2023•10 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
The PBoC has bolstered support for the renminbi, fixing the rate well above market expectations and squeezing funding costs higher for short sellers. US existing home sales fell unexpectatedly. Europe’s current account deficit surged.
In our bonus deep-dive interview, ANZ’s Head of G3 Economics Brian Martin explains why the real neutral interest rate in the US is up around 1% to 0.5-1.0%.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
For the best experience, listen in Metacast app for iOS or Android