Central Bank Report Strengthens Interest Rate Cut In The First Quarter

According to foreign media 11 news, Goldman Sachs believes that the central bank quarterly report strengthened the first quarter interest rate reduction expectations, Goldman Sachs issued a research report that the central bank's quarterly report pointed out that low inflation is the main reason for the interest rate cut in November, however, CPI has further declined after the interest rate cut, or even faster than expected.

　　 Goldman s It is believed that quarterly reports suggest that interest rate cuts may be a reduction of enterprises. Financing cost Effective tools. The quarterly report revealed that the net value of Renminbi payments from domestic to overseas markets had turned negative in the fourth quarter, which is in line with the weakness of the CNH and the huge outflow of capital in that quarter.

The central bank announced yesterday's fourth quarter monetary policy implementation report that if the oil price changes significantly changed inflation expectations And transmission to core inflation, macro policy should be adjusted accordingly.

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Gold prices continued to fall on Tuesday (February 10th) despite strong support for the risk of demand in the Greek situation and the situation as a result of the strong US dollar performance. Gold prices fluctuated around $1233 / ounce after the Asian market opened on Monday.

Richmond Federal Reserve Chairman Lake (Jeffrey Lacker) said on Tuesday that the Federal Reserve will raise interest rates in June this year.

The George Gero of RBC Capital Markets, the Royal Bank of Canada, said the expectation of the US Federal Reserve raising interest rates plus the strong stock market increased the risk appetite of the funds.

An increase in appetite for risk hurts risk aversion, which is also bad for gold.

On the other hand, worries about economic growth in the euro area, concerns about the withdrawal of Greece from the euro area and concerns about the escalation of the situation continue to affect the global market on Tuesday.

German Finance Minister Robert E. Bush said on Tuesday that "it is wrong for the European Commission to give Greece 6 months' time, and the finance ministers of the euro area countries will not agree to the new Greek aid plan tomorrow."

According to foreign media reports, according to sources, the European Commission proposed to provide Greece with a 6 month extension plan. If the agreement is reached, the ECB will accept Greek bonds as collateral.

The finance ministers of the euro group will discuss how to deal with financial support for Greece on Wednesday (February 11th) at the special meeting to be held, preparing for the EU leaders' talks on Thursday (February 12th).

Recently, the United States may provide "lethal weapons" to the people, causing a stir in Eurasia. Some leaders and international agencies opposed this. The German Chancellor clearly stated that he did not support force to solve the problem. He and French President OLAND Hollande went to meet with Poroshenko, and went to Moscow to meet with him. On the 9 day, he went to Washington to talk with him. Public opinion believes that they will make efforts to solve the crisis peacefully before making a decision in the United States.

The euro's gold price was slightly below 1100 euros / ounce before hitting the highest level since April 2013 in January 26th.

In terms of physical gold, the premium of the gold price of the SGE has dropped from 2.5 to 3 US dollars / ounce, indicating that demand has softened slightly.