Swiss Market Index Joins Regional Rally in Europe
Inflation is a "double-edged sword" that tests the wisdom of the European Central Bank, and officials call for caution when reducing interest rates.
Villeroy said, "We have a clear symmetric mission around the 2% inflation target. We must pay attention to both the risks below the target and the risks above the target"; Kazaks stated that the ECB will only lower interest rates at next month's meeting if the euro area economy enters a recession.
EUR: Who Believes the ECB? – Commerzbank
China's new social financing in August was 3.03 trillion yuan, with new RMB loans of 900 billion yuan, and the year-on-year decrease in M1 widened to 7.3%.
Supported by government crediting, the amount of new renminbi loans and new social financing in China in August both rebounded significantly. The financial 'squeeze water effect' continued, M1 money supply continued to decline, and the negative scissors gap of M1-M2 growth rate further widened.
China's new social financing in the first eight months of the year was 21.9 trillion yuan, with M2 growing 6.3% year-on-year in August.
① RMB loans increased by 14.43 trillion yuan in the first eight months. ② RMB deposits increased by 12.88 trillion yuan in the first eight months.
ECB's Holzmann: Uncertainty Is Now Significantly Smaller