News

Golden Ten Data reported on March 16 that Guotou Ruiyin Fund Management Co., Ltd. announced that the secondary market trading price of Guotou Ruiyin Silver Futures Securities Investment Fund (LOF) Class A fund shares (short name: Guotou Silver LOF; trading code: 161226) was significantly higher than the net value of the fund shares, resulting in a substantial premium. To protect investors' interests, the fund will be suspended from trading from the market opening until 10:30 (UTC+8) on March 16, 2026. During the suspension period, the fund's redemption business will proceed as usual.

Golden Ten Data reported on March 16 that an article from the Financial Times pointed out that this week marks a “super central bank week.” Although it is expected that the interest rate decisions from these central banks will not bring any unexpected surprises, the policy guidance accompanying the announcements will be closely watched, given the ongoing conflict in the Middle East. The four major central banks—Federal Reserve, European Central Bank, Bank of England, and Bank of Japan—will announce their decisions one after another on Thursday (UTC+8). In addition, policymakers from Australia, Brazil, China, Canada, Indonesia, Sweden, and Switzerland will also meet this week. Except for the Reserve Bank of Australia, which may be an exception, other central banks are likely to keep interest rates unchanged. However, the war involving Iran has increased the possibility of rate hikes later this year. The interest rate market has responded hawkishly to the impending energy price shock; expectations for rate cuts by the Federal Reserve and Bank of England have been erased, replaced by the possibility that the latter may raise rates. Expectations for a rate hike by the European Central Bank this year have also further increased. Since the war began, the Bank of Japan’s interest rate path has remained relatively unchanged.

Golden Ten Data reported on March 16 that the Reserve Bank of Australia will hold its second interest rate meeting of the year this week. Due to the surge in energy prices caused by the Middle East conflict, the country's existing inflation problem has further intensified. Economists expect that, in response to rising oil prices potentially pushing up costs, the bank will raise interest rates on Tuesday, increasing the cash rate to 4.1%. The currency market believes there is a 75% probability of a rate hike in March and expects further tightening in the future. Bank of America economist Nick Steiner stated: "The Iran conflict brings significant upside risks to inflation, and we expect the overall inflation rate to approach 5%." Australia's inflation target is 2-3%. Steiner pointed out that, given the current price pressures and tight labor market, the central bank has "almost no room to maneuver." If there is no rate hike in March, "it could lead to more severe tightening later, as high inflation will persist longer and affect public expectations."