Janet Mui: weekly economic update 20 September
Central bank meetings were the focus of the week. Economic data from the UK and China suggest activity is sluggish.
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- The Fed cut US interest rates to 2%. Markets have been left slightly disappointed by the lack of clarity on the path of interest rates from here.
- The Bank of England and Bank of Japan left rates on hold. Both central banks have indicated they are willing to ease policy to deal with the respective challenges of Brexit and a tax increase.
- Chinese data suggests economic growth remains under pressure. The government is more likely to respond with domestic stimulus measures than backing down in the trade war with the US.
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