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Category: Central Banks

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ICYMI – South Korea Q1 GDP unexpectedly contracts, boosting rate cut expectations

Posted onApril 24, 2025

South Korea’s economy shrank 0.2% q/q in Q1 expected + 0.1% Its first quarterly contraction since mid-2024 and missing forecasts for modest growth. Exports fell …

Forex Short News
Central Banks, Forex Short News

“Lock it in: RBA to cut 25bps in May” – Westpac forecast for the Reserve Bank of Australia

Posted onApril 24, 2025

The Reserve Bank of Australia next meet on May 19- 20 In summary from Australian ‘big four’ bank Westpac, bolding is mine: Lock it in, …

Forex Short News
Central Banks, Forex Short News

UBS says Trump’s rate cut demands risk undermining the Fed and stoking further uncertainty

Posted onApril 24, 2025

UBS has warned that Trump’s renewed calls for lower interest rates risk further eroding confidence in the Federal Reserve’s independence — a dynamic markets are …

Forex Short News
Central Banks, Forex Short News

PBOC sets USD/ CNY reference rate for today at 7.2098 (vs. estimate at 7.3111)

Posted onApril 24, 2025

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). …

Forex Short News
Central Banks, Forex Short News

MUFG sees ECB on track for June rate cut, with neutral territory in sight by year-end

Posted onApril 24, 2025

MUFG expects the European Central Bank to resume easing in June, arguing that a wide range of disinflationary forces leave little justification for delaying a …

Central Banks
Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.3111 – Reuters estimate

Posted onApril 24, 2025

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 …

Forex Short News
Central Banks, Forex Short News

More from Fed’s Hammack, says again that now is not a good time to be preemptive on policy

Posted onApril 23, 2025

Federal Reserve Bank of Cleveland President Beth Hammack: big uncertainty over the outlook continues to argue for the Fed taking it slow on monetary policy …

Forex Short News
Central Banks, Forex Short News

Fed’s Hammack says uncertainty a big issue in economy, causing businesses to pause

Posted onApril 23, 2025

Federal Reserve Cleveland Fed President Beth Hammack: There has to be a high bar for Fed to step in to aid markets Market should set …

Forex Short News
Central Banks, Forex Short News

Fed’s Hammack says some volatility in overnight markets is not a bad thing

Posted onApril 23, 2025

Federal Reserve Bank of Cleveland President Beth Hammack speaks before the Money Marketeers of New York University Supports ongoing quantitative tightening (QT), a slower drawdown …

Forex Short News
Central Banks, Forex Short News

Economic calendar Asia Thursday, April 24, 2025 – Reserve Bank of Australia info incoming

Posted onApril 23, 2025

While not the data calendar, Trump is likely to be speaking at 5pm US Eastern time on Wednesday (2100 GMT). We’ll get the services PPI …

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