China house prices fall to 11-month low

FXStreet (Bali) - China April house prices printed yet another depressed reading if compared to recent year's standards, posting an 11-month low with average new home prices in 70 cities at +6.7% vs 7.7% prior.

The decline is further evidence of the cool down in China's property market, with the market struggling with oversupply, which will only add pressure to calls for additional easing measures by policymakers.

May 19, 2014

ECB’s Praet calls for a refi rate cut to 0.15% - Der Spiegel

Following headlines from Reuters last week on the ECB preparing a new package of measures to combat disinflation in Europe, the German magazine Der Spiegel published an interview with ECB governing council member Peter Praet, who called for a refi rate cut to 0.15% at June meet, also saying it will recommend negative deposit rates. There were no comments related to Praet's view on the VLTRO for ABS or outright ABS purchases.

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May 19, 2014

Bernanke: Ultra-low rates in the US here to stay

Even though Ben Bernanke is no longer the Chairman of the Federal Reserve, his comments are still worth taking in due consideration, as market still perceives his take on the economy as potential clues on what current Fed head Janet Yellen's thinking process might be too.

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