China is stepping up stimulus by stealth in its efforts to ensure hitting the leadership’s growth target this year, with moves that will enhance the role of the state even as policy makers say they want a bigger role for the market.Moral hazard out the wazoo.
The fiscal deficit when taking off-budget spending into account will exceed 10 percent of gross domestic product this year -- more than triple the government’s stated ratio of 3 percent, according to economists at UBS Group AG and JPMorgan Chase & Co.
RBA oil tanker swings dovish
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The Reserve Bank of Australia (RBA) has released its March Monetary Policy
Decision, which, as expected, kept the official cash rate (OCR) on hold at
4.3...
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