China bucks the tightening trend
Tuesday 18th January 2022Bond yields continue to rise as expectations heighten for faster central bank tightening. As NAB’s Tapas Strickland discusses on today’s Morning Call, the exception is the People’s Bank of China, which lowered rates yesterday on concerns about the spread of Omicron. President Xi has asked other central banks to sit tight, but that seems unlikely. Even the RBA is likely to bring forward its end to QE to next month. Whilst China faces more lockdowns, the rest of the world seems to be opening up The UK seems likely to end its Plan-B restrictions as soon as next week. The…
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