What the market is thinking: Will China really ‘go big’ on interest rate cuts?
Jamie McGeever, the writer for the financial markets, previews the day ahead in Asia.
With uneasiness and fear over China sweeping financial markets, the People's Bank of China is likely to slash interest rates on Monday, but it may have to throw caution to the wind and 'go big' to calm investors.
Investors will be paying attention to three policy decisions from Asian central banks this week, including China's. On Thursday, the Bank of Korea and the Bank of Indonesia are both likely to maintain their current interest rate policies.
Along with the annual Jackson Hole Symposium, where Fed Chair Jerome Powell will talk on Friday, the PBOC's decision and broader events concerning China's markets and economy will occupy investors' attention this week.
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