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Category: Central Banks

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RBNZ (ex) governor Orr resigned abruptly over government cuts to the Bank’s funding

Posted onJune 10, 2025

Former Reserve Bank of New Zealand Governor Adrian Orr resigned suddenly in March 2025, just weeks before the government announced a 25% funding cut to …

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Bessent might shift from Treasury to Fed chair – report

Posted onJune 10, 2025

The race to replace Jerome Powell hasn’t truly kicked off yet but there is some positioning in the background. Treasury Secretary Scott Bessent has emerged …

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ECB’s Vujcic says no need to discuss a rate cut until September

Posted onJune 10, 2025

There is a real divergence of opinion shaping up between central banks and some forecasters. Today the World Bank drastically cuts its forecasts for advanced …

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59 out of 105 economist see the Fed cutting next quarter (likely September).

Posted onJune 10, 2025

Reuters Poll on US Fed rate path and the economy shows: 59 out of 105 economists in a Reuters poll expects the Fed to resume …

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ECB’s Rehn: We will take decisions meeting by meeting

Posted onJune 10, 2025

Must avoid complacency over inflation outlook Must focus on keeping inflation expectations at 2% The commentary fits with their stance from the last meeting, that …

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ECB’s Villeroy: We will remain pragmatic going forward on rates

Posted onJune 10, 2025

Will go according to the data flow Will be as agile as necessary Policy and inflation are now in a favourable zone But that doesn’t …

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Bank of Japan Governor Ueda says Bank has limited room to support growth with rate cuts

Posted onJune 10, 2025

Bank of Japan Governor Ueda is speaking in the Japanese parliament. If economy, prices come under strong downward pressure, BOJ has limited room to underpin …

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PBOC sets USD/ CNY reference rate for today at 7.1840 (vs. estimate at 7.1853)

Posted onJune 10, 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). …

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More on Japanese Finance Minister Kato urging a variety of investors buy and own JGBs

Posted onJune 10, 2025

Headline comments here: Japan fin min Kato says will conduct fiscal policy appropriately A little more now (via Reuters): Japanese Finance Minister Kato said on …

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Central Banks, Forex Short News

PBOC is expected to set the USD/CNY reference rate at 7.1853 – Reuters estimate

Posted onJune 10, 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 …

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