Ash Bennington and Ed Harrison discussed Russian central bank policy action, risks to the commercial real estate market, and the changing role of China in the global political and financial system on today’s Real Vision Daily Briefing.
The Bank of Russia announced it will cut interest rates and people are getting into government bonds, which is causing yields to fall. Harrison said that investors normally say ‘you’re cutting you need dollars, or you are an emerging market so you need to increase your rate to attract our money,’ but it is the opposite now. He