China is one of the few countries lowering interest rates. Pendal’s head of income strategies AMY XIE PATRICK explains why — and what it means for investors

Excerpt:

"The first thing to remember about these China authorities is they are not independent monetary authorities as we know them in Australia and the US.

"The central bank in China has been lowering interest rates because the economy quite frankly is in a rut.

"Most major investment bank analysts expect growth in China will fall to levels not seen over the last decade.

"Quite frankly China will struggle to get above the 4% threshold for the next year or perhaps even more.

"So the reason why China central bank is easing when the rest of the world is tightening, is because its economic situation looks a lot more dire."

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Find out more about Pendal's fixed income strategies at pend.al/fixedinterest

Pendal is an independent, global asset manager. Find out more at pendalgroup.com

China is one of the few countries lowering interest rates. Pendal’s head of income strategies AMY XIE PATRICK explains why — and what it means for investors
Excerpt:
"The first thing to remember about these China authorities is they are not independent monetary authorities as we know them in Australia and the US.
"The central bank in China has been lowering interest rates because the economy quite frankly is in a rut.
"Most major investment bank analysts expect growth in China will fall to levels not seen over the last decade.
"Quite frankly China will struggle to get above the 4% threshold for the next year or perhaps even more.
"So the reason why China central bank is easing when the rest of the world is tightening, is because its economic situation looks a lot more dire."
--//-- Find out more about Pendal's fixed income strategies at <a href="https://www.pendalgroup.com/products/asset-class/australian-fixed-interest-funds/">pend.al/fixedinterest</a>
Pendal is an independent, global asset manager. <a href="https://www.pendalgroup.com/">Find out more at pendalgroup.com</a>

Perpetual Group is an international asset manager including boutiques such as Perpetual, Pendal, Barrow Hanley, Regnan and Trillium. Each week our portfolio managers share the most interesting things they've heard from CEOs, industry leaders and analysts.

Perpetual Group is an international asset manager including boutiques such as Perpetual, Pendal, Barrow Hanley, Regnan and Trillium. Each week our portfolio managers share the most interesting things they've heard from CEOs, industry leaders and analysts.

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