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Federal Reserve Bank of Chicago President Austan Goolsbee is speaking Monday 31 July 2023

July 31, 2023

Coming up at 1320 GMT, which is 9.20 am US Eastern time: Federal Reserve Bank of Chicago President Austan Goolsbee participates in an interview on …

Central Banks

Bank of Japan Governor Ueda appoints new head to monetary policy development department

July 31, 2023

The Bank of Japan has a new head of the department that oversees the drafting of central bank policy. Kazuhiro Masaki is described as an …

Central Banks

AUD has popped a little on the marginal improvement for China’s manufacturing PMI

July 31, 2023

A couple of AUD-relevant data points: China official July Manufacturing PMI 49.3 (vs. expected 49.2) & Services 51.5 Australian data – June Private Sector Credit …

Central Banks

Australian data – June Private Sector Credit +0.2% m/m (expected 0.4%, prior 0.4%)

July 31, 2023

Data comes from the Reserve Bank of Australia: The headline missed estimates and came in below May. The break up is not impressive either, declines …

Central Banks

China official July Manufacturing PMI 49.3 (vs. expected 49.2) & Services 51.5

July 31, 2023

China official PMIs for July from the National Bureau of Statistics (NBS): Manufacturing 49.3, remained in contraction for the fourth straight month vs. expected 49.2, …

Central Banks

PBOC sets USD/ CNY reference rate for today at 7.1305 (vs. estimate at 7.1524)

July 31, 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 …

Central Banks

The Bank of Japan announces an unscheduled JGB buying operation

July 31, 2023

BoJ offers to buy an unlimited amount of JGBs at a fixed rate with maturities of 5yr-10yr And offers to buy JPY 300bln in JGBs …

Central Banks

UBS on Bank of Japan Yield Curve Control – ceiling seems to be 1%

July 31, 2023

The Bank of Japan maintained its +/- 50bp tolerance band for the 10 year JGB at Friday’s meeting. The ‘but’ on this is the Bank …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.1524 – Reuters estimate

July 31, 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

Fed’s Kashkari: “If we need to hike- raise rates further from here, we will” – full text

July 30, 2023

Minneapolis Federal Reserve Bank President Neel Kashkari spoke with CBS News in an interview on Sunday. I posted the main points here earlier: Fed’s Kashkari- …

Central Banks

JPMorgan says they are remaining bearish on the Japanese yen after the BOJ last week

July 30, 2023

JPMorgan affirmed it was remaining with its bearish vioew on the JPY In their note JPM said that while the yen could gain ground to …