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Banks in China cut interest rate for small companies in Hubei province

In further efforts to counter the negative effect of the Chinese coronavirus outbreak in the country, the banks in China cut interest rates for small companies in Hubei province.

Note that Wuhan is in Hubei province, the epicentre of the virus epidemic.

This comes after the People’s Bank of China (PBOC) announced on Tuesday that it would inject "reasonable and sufficient liquidity" in the money market.

China extended the Lunar New Year holiday until February 3rd, in the face of the virus spread.

JP Morgan has pushed back RBA rate cut call to May from February

JP Morgan now expects the Reserve Bank ofAustralia (RBA) to lower its benchamrk interest rates by 25 bais points to 0.5% in May compared to its previo
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Australia's Q4 CPI doesn’t move the dial for the RBA – ANZ

Analysts at the Australia and New Zealand Banking Group (ANZ) reiterated their call of giving a 50% probability to the RBA’s rate action in next week’
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