After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.The dollar index DXY fell more than 20 points in the short term and is now reported at 106.58. Non-US currencies collectively rose, with GBP/USD of GBP rising by more than 20 points, EUR/USD of EUR/USD of EUR/USD rising by about 20 points and USD/JPY of USD/JPY rising by about 50 points.Angola's national consumer prices rose by 28.41% year-on-year in November.
European Central Bank President Lagarde: Since July 2023, the flexibility of the Emergency Anti-epidemic Bond Purchase Program (PEPP) has not been used, and the transmission protection tool (TPI) has not been discussed.European Central Bank President Lagarde: The inflation problem has not yet been completed. European Central Bank President Lagarde said that the inflation problem has not yet been completed and the anti-inflation task has not yet ended, but inflation is moving towards the goal.Central Economic Work Conference: Implementing the Medical and Health Foundation Project and Formulating the Policy of Promoting Birth, which was held in Beijing from December 11th to 12th. The meeting proposed to implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)
Analysis: Lagarde's speech increased the market's bet to cut interest rates by 50 basis points. In December, the European Central Bank lowered its economic forecast and inflation forecast. At the press conference, European Central Bank President Lagarde paid attention to the downside risks of economic growth, especially mentioning that trade friction may put pressure on economic growth, and also mentioned that they discussed cutting interest rates by 50 basis points. Therefore, the atmosphere of the whole meeting is biased towards doves. The market then increased its bet on a 50 basis point rate cut after January. Although the possibility of a sharp interest rate cut in January is stable at 30%, the possibility of a 50 basis point interest rate cut in March has increased from 30% before the meeting to 40%, and the possibility of a 50 basis point interest rate cut in April has increased from 0% to 5%.Central Economic Work Conference: Support major economic provinces to take the lead, and encourage other regions to develop their strengths according to local conditions. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to strengthen the implementation of regional strategies and enhance the vitality of regional development. Give play to the superposition effect of regional coordinated development strategy, regional major strategy and main functional area strategy, and actively cultivate new growth poles. Enhance the innovation ability and radiation-driven role of areas with economic development advantages. Support major economic provinces to take the lead, and encourage other regions to develop their strengths according to local conditions. Deepen industrial cooperation in the eastern, central, western and northeastern regions, and vigorously develop the marine economy and the Bay Area economy. (Xinhua News Agency)Central Economic Work Conference: Enhance people's sense of happiness and security, and implement employment support programs for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises. The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting stressed that efforts should be made to ensure and improve people's livelihood and enhance people's sense of happiness and security. Implement employment support plans for key areas, key industries, urban and rural grassroots and small and medium-sized enterprises to promote the employment of key groups. Strengthen the protection of workers' rights and interests in flexible employment and new employment forms. We will implement policies to help industries and employment, ensure that large-scale return to poverty does not occur, and ensure the basic livelihood of people in need. Promote the high-quality and balanced development of compulsory education and solidly promote the expansion of high-quality undergraduate courses. Implement the medical and health foundation project and formulate policies to promote fertility. Develop community-supported home-based care for the aged and expand inclusive care for the aged. Adhere to and develop the "Fengqiao experience" in the new era and strengthen the public security system. (Xinhua News Agency)
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
12-14
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14