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On November 11th, today, the data released by the central bank shows that the new RMB loans in October were 500 billion yuan, an increase of 238.40 billion yuan year-on-year. Wang Qing, chief macro analyst of Dongfang Jincheng, pointed out that the acceleration of debt conversion by urban investment companies is the main reason why the medium and long term loans of enterprises increased by 386.30 billion yuan year-on-year. Excluding the influence of this factor, the actual new loans in October i...
Members of the ECB's governing council could not rule out a rate cut at their next decision on October 17, even if it was unlikely, according to people familiar with the matter, who said officials would prefer to keep the option of lowering borrowing costs open at the meeting, given downside risks to eurozone growth.
