It’s hardly coincidental that the Chinese currency, the yuan, has glided to a record high just days before Chinese President Hu Jintao is due to arrive in Washington, writes Karen Maley, of Business Spectator.
Inflation in china
Maley: China’s waning appetite for inflation
You know that something extremely fishy is happening when top Chinese banking authorities start downplaying the risk of inflation, writes Karen Maley.
The other big policy launch … from the RBA
The Reserve Bank made clear this morning that for the next two years at least, we can expect little change in inflation around its present high level of 3% and therefore little change in the current level of interest rates of 6.7% for the bank’s cash rate, or higher, if need be. Glenn Dyer reports.
The Economy: Boomtime continues… for now
So called “Underlying inflation” in the last two quarters has been 0.5 per cent, a downside surprise. What sort of underlying inflation number for June could get our central bankers off their bums in August?
