On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1030, as against the previous day’s fix of 7.1214 and 7.1048 Reuters estimates. Source link
On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1182, as against the previous day’s fix of 7.1136 and 7.1198 Reuters estimates. Source link
Bank of Japan (BoJ) Board Member Hajime Takata is back on the wires early Europe on Thursday, noting that “if the economy, prices move in line with our forecast, we will adjust policy rate in several stages.” Additional quotes Don’t have specific image in mind when I say we need to spend “sufficient time” to […]
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Friday that there are “good reasons” for the central bank to consider cutting its key interest rates in September, per Bloomberg. Key quotes Our meeting on Sept. 12 should in my view take action. It would be fair and wise to decide […]
The Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that the financial and capital markets remain unstable and the Japanese central bank needs to monitor these developments with utmost vigilance. Key quotes The financial and capital markets remain unstable. The BoJ needs to monitor these developments with utmost vigilance. BoJ also intends to carefully examine […]
Federal Reserve (Fed) Bank of Philadelphia Patrick Harker hit newswires on Friday, noting that Fed moves on interest rates need to be “methodical”, telegraphing that policymakers are targeting a series of cuts through the rest of 2024 as the US central bank gears up for a dovish pivot. Key highlights We need to start moving […]
Fed Chairman Jerome Powell is due to speak on monetary policy at the Jackson Hole Symposium. All eyes remain on Powell’s speech for fresh cues on the US interest-rate outlook. The US Dollar is set rock on Powell’s speech after Wednesday’s dovish Fed Minutes. US Federal Reserve (Fed) Chairman Jerome Powell is scheduled to deliver […]
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is set to hold a press conference following the announcement of the monetary policy decision on Wednesday at 02:00 GMT. Orr will respond to questions from the press. At its August policy meeting, the RBNZ decided to cut the cash rate by 25 basis points (bps) […]
The main economic data release overnight was the latest CPI report from China for July, MUFG FX analyst Lee Hardman notes. USD/CNY rises back towards the 7.1800 level “The report revealed that headline inflation picked up modestly by 0.3 points to 0.5% in July. The core measure on inflation fell to 0.4% in July from […]
Reserve Bank of Australia (RBA) Governor Michele Bullock is delivering a speech titled ‘Economic Conditions in Post-Pandemic Australia with a Regional Lens’ at the Rotary Club of Armidale Annual Lecture on Thursday. Key quotes Vigilant to inflation risks, will not hesitate to hike if needed. Repeats, board judged current rates still meet its inflation mandate. Don’t expect […]
Executive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn’t necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay. Key highlights The first cut doesn’t automatically lead to […]
After the July policy meeting conducted on Wednesday, the Reserve Bank of New Zealand (RBNZ) board members decided to keep the Official Cash Rate (OCR) steady at 5.50%. The decision was widely in line with the market expectations. Summary of the RBNZ Monetary Policy Statement (MPS) Committee agreed that monetary policy will need to remain […]
