Momentum in China’s property market remains strong so far in 2021, driven by healthy demand for housing. Although we expect this demand strength to be partially offset by the government’s recent credit tightening, the property market should remain relatively stable this year. Government tightening aims
It has been almost a decade since the revelation that certain banks were manipulating the London interbank offered rate (Libor), a key benchmark for corporate borrowing worldwide. Since then, regulators globally have pushed to phase out Libor and replace it with new standards. In the
As expected, the Federal Open Market Committee (FOMC) announced no changes to its administered rates following its April meeting, and Federal Reserve Chair Jerome Powell did not provide new information about the Fed’s bond-buying programs. The FOMC reaffirmed it wants to observe substantial progress toward
Since the disruptions that roiled financial markets in March 2020, investors have turned more to cash and other short-term instruments typically associated with risk aversion and preservation of capital and liquidity. Yet such investments can come with their own sets of risks. Recent bouts of
On April 21 the Governing Council of the Bank of Canada (BoC) will meet to discuss monetary policy. After the global COVID-19 pandemic necessitated extraordinary interventions by both global central banks and fiscal authorities, many investors believe that the BoC’s April meeting will mark the