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☆ ECB to go big again on Oct. 27 with 75 bps rate hike
▼ + stars: | 2022-10-19 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

Reuters Poll - Euro zone economic outlookIn the run-up to winter, forecasters are expecting the ECB to be more aggressive in tightening policy. The bloc's central bank will take the deposit rate to 1.50% and the refinancing rate to 2.00% next Thursday, a view held by an overwhelming majority of respondents in the Oct. 12-18 Reuters poll of more than 60 economists. Three-quarters of respondents to an additional question, 27 of 36, said the bank ought to choose a 75 basis point lift to the deposit rate while two said it should go harder with a 100 basis point increase. Reuters Poll - ECB monetary policy outlookSHORT AND SHALLOW? The deposit rate was expected to reach a peak of 2.50% next year and the refinancing rate 3.00%, higher than the 1.50% and 2.00% highs given in September.

☆ ECB to go big again on Oct. 27 with 75 bps rate hike: Reuters poll
▼ + stars: | 2022-10-19 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

"Given the economic and social strain caused by sticking to an increasingly unpopular COVID zero policy, Xi's speech might sound defensive to many Chinese citizens, insisting that the Party has their best interests in mind. ALFRED WU, ASSOCIATE PROFESSOR, LEE KUAN YEW SCHOOL OF PUBLIC POLICY, NATIONAL UNIVERSITY OF SINGAPORE"It is obvious that security is Xi's greatest concern. ZHIWU CHEN, PROFESSOR OF FINANCE, UNIVERSITY OF HONG KONG"One significant change is to de-emphasise economic development and economic reform. BATES GILL, PROFESSOR, DEPARTMENT OF SECURITY STUDIES AND CRIMINOLOGY, MACQUARIE UNIVERSITY, SYDNEY"This speech said 'continuity' and full speed ahead. "But this was not intended as a policy speech.

Passengers help a baby wear a mask at the Shanghai railway station in China, as the country is hit by an outbreak of the novel coronavirus, February 9, 2020. REUTERS/Aly SongBEIJING, Oct 16 (Reuters) - China will enact policies to boost its birth rate, President Xi Jinping said on Sunday, as policymakers worry that an imminent decline in China's population could hurt the world's second-biggest economy. "We will establish a policy system to boost birth rates and pursue a proactive national strategy in response to population ageing," Xi told some 2,300 delegates in a speech opening the once-in-five-year Communist Party Congress in Beijing. Its fertility rate of 1.16 in 2021 was below the 2.1 OECD standard for a stable population and among the lowest in the world. Still, the desire among Chinese women to have children is the lowest in the world, a survey published in February by think-tank YuWa Population Research showed.

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