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China Press: PBOC may reduce required bank reserves in H2 2016 but a rate cut is unlikely

China Daily reported on Monday citing Wang Jun, a senior economist at the China Center for International Economic Exchanges, a government think tank, China may reduce required bank reserves in the second half but a cut in the interest rate is unlikely because it won't help with the housing bubble.

The official newspaper further reported Wang as saying; policymakers should do more to deal with heightened deflation pressure rather than worrying about inflation.

US GDP too weak for FOMC to contemplate raising interest rates any time soon - ANZ

Research Team at ANZ, notes that the US Q2 GDP disappointed rising 1.2% saar vs expectations of a 2.5% gain. Key Quotes “The economy grew by 1.0% sa
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Ireland Purchasing Manager Index Manufacturing: 51.8 (July) vs previous 53

Ireland Purchasing Manager Index Manufacturing: 51.8 (July) vs previous 53
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