India’s central bank left interest rates unchanged

At 2:30 a.m. ET, the benchmark 10-year Treasury note, was higher at around 1.6612%, while the yield on the 30-year Treasury bond was also higher at around 2.1364%. China’s Ministry of Finance said Thursday that U.S. goods with a tariff rate of 10% would be reduced to 5%, while products that have a tariff rate of 5% would fall to 2.5%. The move, which is set to take effect from Feb. 14, was made in order to “advance the healthy and stable development” of trade between the world’s two largest economies, according to a statement on the ministry website. (CNBC)

India’s central bank left interest rates unchanged, constrained by a recent spike in inflation while taking steps to spur credit growth in an economy on course for its weakest expansion since 2009. While The Philippine central bank resumed monetary easing, becoming the latest in Southeast Asia to cut its benchmark interest rate to stem the economic blow from the coronavirus scare. (Bloomberg)

Source: Danareksa Sekuritas Debt Research
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