Category: Central Banks

AI could trigger most significant reorganization of work in generations Rise in unemployment from AI may not indicate increased slack Current neutral rate possibly higher …

Fed moved too slowly to combat inflation in pandemic There’s a lot of blame to go around for pandemic inflation surge Services inflation not yet …

The US may be heading towards structurally higher unemployment, something the central bank cannot offset The Fed has maintained focus on economic outcomes across groups; …

The onshore yuan hit a 2½-year high as USD/CNY fell below 6.90, with the PBOC signalling greater tolerance for strength. Summary: USD/CNY falls to 6.8954, …

China’s central bank kept benchmark rates unchanged for a ninth month, balancing growth support with yuan stability. Summary: PBOC keeps 1-year LPR at 3.0%, 5-year …

PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference …

The ninth consecutive month without a change. More on the LPRs, and why they don’t matter so much any more, here: Economic and event calendar …

The Bank of Korea is set to hold rates at 2.50% this week and through 2026 as FX and housing risks outweigh easing pressures. Summary: …

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that …