Central Banks BOE’s Bailey says cannot give a date on when interest rates will start to come down Posted onJuly 6, 2023 Expects inflation to fall markedly but it will be hard for borrowers still As of now, he also surely can’t give a date on when …
Central Banks BOE’s Bailey: There is evidence some retailers are overcharging customers Posted onJuly 6, 2023 Moves by regulators on retail prices will help to lower inflation Well, he better be praying really hard that he is right on this one. …
Central Banks SNB’s Maechler: Further rate hikes cannot be ruled out Posted onJuly 6, 2023 It cannot be ruled out that we will need to further hike interest rates This comes despite the June inflation figure falling back to the …
Central Banks More on China’s state media commentary on tools to deal with ‘panic’ yuan sell off Posted onJuly 6, 2023 It’s a mystery to me why the People’s Bank of China would be referring to a panic sell in yuan, and yet here we are: …
Central Banks Germany’s Bundesbank President (and ECB Governing Council member) Nagel speaking Thursday Posted onJuly 6, 2023 Germany’s Bundesbank President (and European Central Bank Governing Council member) Nagel is speaking on Thursday, 6 July 2023. 1600 GMT/1200 US Eastern time Nagel speaks …
Central Banks RBA is expected to hike by +25bp in August according to 23 of 25 analysts – Reuters poll Posted onJuly 6, 2023 The next Reserve Bank of Australia meeting is August 1. Reuters polled 25 analysts, 23 expected a +25 bp rate hike, to 4.35% 2 expect …
Central Banks Federal Reserve speakers today include Dallas branch President Logan Posted onJuly 6, 2023 Federal Reserve Bank of Dallas President Lorrie Logan is the only Fed speaker I have on the agenda. Perhaps others will pop up in media …
Central Banks JP Morgan say there’s a risk that the Bank of England will push interest rates to 7% Posted onJuly 6, 2023 JP Morgan economists say their central forecast is a rise to 5.75% (hitting there in November) but warn there are ‘potential upside to rates if …
Central Banks PBOC reference rate of 7.2098 is much lower than the 7.2510 expected Posted onJuly 6, 2023 The reference rate setting is here: PBOC sets USD/ CNY mid-point today at 7.2098 (vs. estimate at 7.2510) Which is another mid-rate way below what …
Central Banks PBOC sets USD/ CNY mid-point today at 7.2098 (vs. estimate at 7.2510) Posted onJuly 6, 2023 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 trade …
Market Outlook Asia Day Ahead: Little Surprise in Fed Minutes; Focus Now on US Jobs Data Posted onJuly 6, 2023 Wall Street posted modest declines overnight, following its return from the holiday break. Source