|
|
|
G20 London Summit > Global Action
|
Fed set to halve rates; Japan, China may act too(Agencies)
Updated: 2008-12-16 15:09 New York/Singapore - The US Federal Reserve looks set to halve interest rates close to zero on Tuesday and China signalled it may cut its rates again in a global drive to contain the worst financial crisis in 80 years.
Central bankers return to centre stage in an action packed week that started on a sour note with a rescue plan for US carmakers stuck in limbo, reverberations of an alleged multibillion financial fraud and a collapse in Japanese business sentiment.
The Federal Reserve is expected to cut its benchmark rate to 0.5 percent, its lowest in more than half a century, and to promise to dip into its toolbox for less conventional tools to pull the world's biggest economy out of recession. In Japan, where rates are already at an ultra-low 0.3 percent and the economy is possibly poised for its longest ever slump, the finance minister urged the central bank to also take unorthodox steps to ease a funding crunch faced by Japanese companies. Bank of Japan holds its policy meeting on Thursday and Friday and there is some market speculation it may cut interest rates after it reported the biggest crash in business sentiment in three decades. But the Nikkei newspaper said many within the central bank were reluctant to drive rates any lower and wanted to wait for the effects of the last cut in October, of just 0.2 percentage point, to work their way through the economy.
Zhou said on Tuesday that slowing inflation in China gave the bank room to lower borrowing costs. "Consumer prices are going down, and sometimes even faster than we think," he said. Zhou said he sees pressure to cut interest rates from now until the beginning of next year as growth slows amid a drop in exports. The global financial crisis has caused the world's fourth- largest economy to cool, "especially Chinese exports to other part of the world," Zhou said in Hong Kong, where he is attending a regional meeting of the Financial Stability Forum. "From now until the beginning of next year is full of interest-rate cut pressure." The severity of the global downturn set off by a US sub-prime mortgage market meltdown last year surprised policymakers, who have been running out of options after slashing rates to historic lows and rushing out massive stimulus plans. Among the world's top economies only China has avoided recession, but it risks a sharp slowdown that may feel like one, and the authorities in Beijing are scrambling to engineer a soft landing with a mix of massive government spending and interest rate cuts. |
主站蜘蛛池模板： 91亚洲精品国偷拍自产在线观看 | 一级激情片| 成人午夜在线观看视频 | 自拍偷拍在线播放 | 国产超碰在线观看 | 国产96视频| 欧美日韩午夜 | 欧美日韩一区三区 | 蜜桃在线一区二区 | 日本精品久久 | 日韩中文av | 久久久久久黄色 | 99久久婷婷国产综合精品草原 | 色偷偷www8888 | 亚洲福利视频网 | av女优写真 | 日本一区二区在线 | 黄网站在线免费看 | 国产精品wwww | 精品视频三区 | 午夜免费在线观看 | 精品一区av | 国产精品成人一区二区 | 天天综合网站 | 成人性生交大片免费看r链接 | 伊人网视频在线 | 极品少妇av | a级一级片 | aaa国产| 久久久看片 | 天堂综合| wwwxx国产 | 免费特级黄毛片 | 神马久久网 | 亚洲911精品成人18网站 | 日本黄色三级视频 | 欧美日韩首页 | 国产精品又黄又爽又色 | 国产88在线观看入口 | 亚洲高清在线观看视频 | 亚洲国产福利 |
