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 …
Category: Central Banks
Australia November Westpac-Melbourne Institute Consumer Confidence Index jumps 12.8% to 103.8 I’m awaiting some details on this. What a bizarre result. This article was written …
Inflation data is stale and is coming down Data since September suggested Fed should be more dovish than its September view. Reasonable to be incrementally …
Labor market has cooled in an orderly way Consumer balance sheets are ok Companies say labor market has softened a little, things look reasonably ok …
Policy is in a good place Rate cut so far has supported labor market, keeps downward pressure on inflation Slow wage growth shows it’s a …
Rate cuts by year-end Fed: 16 bps (65% probability of rate cut at the upcoming meeting) 2026: 82 bps ECB: 1 bps (96% probability of …
Restrictive policy is putting downward pressure on inflation Tariffs effects are largely confined to goods Inflation expectations still relatively well anchored She’s clearly erring on …
Fed needs to guard against inflation risks But should not ignore possibility of productivity boom and faster non-inflationary growth Tariff-driven price increases not spilling over …
If inflation developments deviate, or if projections are modified, and if transmission is not correct, then we may change But so far, we firmly believe …
Hopes for BOJ to guide monetary policy appropriately so Japan can sustainably achieve 2% inflation, that is not just driven by cost-push factors but also …