China’s central will announce its latest key interest rate, the loan prime rate. It could leave the benchmark rate unchanged for the seventh straight month as the economy shows signs of improving.
There was a time when we could have earned some interest on any cash that we leave in the bank. That could have gone a little way to ease the damaging effects of inflation. But not any more.
It shouldn’t have come as that great a surprise to any of us that markets would be choppy ahead of the US Presidential election in November. What were we expecting to happen? A cake-walk?
