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Failure to act on high CPI threatens to damage the Reserve Bank of Australia’s credibility

October 26, 2023

TD says the response to yesterday’s inflation data in Australia needs to be an RBA rate hike. Q3 CPI data handily beat the RBA’s and …

Central Banks

European Central Bank meeting today – preview – hurdle for a rate hike is high

October 26, 2023

The European Central Bank policy decision is due Thursday, 26 October 2023: 1215 GMT 0815 US Eastern time European Central Bank President Lagarde’s news conference …

Central Banks

PBOC sets USD/ CNY mid-point today at 7.1784 (vs. estimate at 7.3265)

October 26, 2023

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

Japan Fin Min Suzuki says sticking to previous currency policy, closely watching FX moves

October 26, 2023

Further tentative comments from the Japanese Finance Minister. I posted earlier on what to listen for when intervention talk ramps up, in the links at …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3265 – Reuters estimate

October 26, 2023

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting …

Central Banks

Westpac now forecasting a November Reserve Bank of Australia rate hike

October 26, 2023

An Reserve Bank of Australia forecast from WPAC focused on the upcoming meeting on November 7. In brief: Inflation is declining, but not fast enough …

Central Banks

Japan fin min Suzuki says closely watching forex moves with a high sense of uergncy

October 25, 2023

Thats all he said. Pretty wishy-washy. I suspect we might get more from him, or some toerh official(s) a little later. USD/JPY broke above 150 …

Central Banks

RBA Bullock on inflation: “we’re wary”. On rates: “not sure if job is done”

October 25, 2023

More again from Reserve Bank of Australia Governor Bullock, pretty much repeating herself using different words. We are wary on inflation We have made it …

Central Banks

RBA Bullock says inflation forecasts will change, not sure if change will be ‘material’

October 25, 2023

More again from Reserve Bank of Australia Governor Bullock, adding that there will be changes made to the RBA’s inflation forecasts but she isn’t sure …

Central Banks

RBA Gov. Bullock says still considering whether CPI was a “material” change to outlook

October 25, 2023

Reserve Bank of Australia Governor Bullock is appearing in parliament, before the Senate Economics Legislation Committee. She says the Bank is still thinking about if …

Central Banks

AUD/USD lower as RBA Gov. Bullock speaks

October 25, 2023

Comments from Bullock here: RBA Bullock says CPI was a little higher than expected, but about where we thought it’d be Not as hawkish and …