Yiping Huang, regional economist of Citigroup in Hong Kong anticipates the Beijing government won't let the interest rate float completely freely before the inter-banking lending market is fully developed.
And for borrowers who want to protect themselves from even incremental downward moves in mortgage interest rates, Huettner says they should look for a lender who offers an interest rate float down.
On a Columbia LP he heard Feldman's "Piece for Four Pianos," in which four pianists play through the same music at different rates, floating around each other like the arms of a Calder mobile.
Government authorities have tried to dampen demand by increasing the tax on transactions, raising interest rates, floating more blue-chip offerings to soak up money and admonishing investors about the risks of an overheated market.
While not completely applicable, Apple issued $12 billion in bonds at a 3.22percentt blended interest rate excluding floating rate debt.
For reference, Apple, a publicly traded mature tech company, has previously issued bonds at a 3.22percentt blended interest rate excluding floating rate debt.
Now the debts are lower, the exchange rates float and most governments have built up reserves.
In another, he criticized other economists, saying that they "assume countries don't cheat and exchange rates float.
These problems can be particularly acute in small, open economies: when Chile or New Zealand, say, raises interest rates to combat inflation, foreign capital pours in, particularly if America is easing policy.More important, not all exchange rates float freely.
