Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Standard Chartered’s Henderson Says Rate Cut Suggests Weak Data

June 7 (Bloomberg) -- Callum Henderson, global head of currency research at Standard Chartered Plc in Singapore, comments on China’s decision to cut interest rate for the first time since 2008.

“This is a major move and in line with the message from the State Council that a more pro-growth strategy will be the focus.

‘‘Coming at such a key time ahead of Bernanke’s testimony, the G20 and the FOMC, this is an important message that China is supporting domestic growth and doing its part on a global stage.

‘‘However, it also suggests May data will be very weak, confirming the extent of the slowdown and the concern of the authorities. The knee-jerk market reaction is risk positive, but reassessment may keep investors cautious and selective.’’

To contact the reporter on this story: Fion Li in Hong Kong at

To contact the editor responsible for this story: Sandy Hendry at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.