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). …
Category: Central Banks
I posted on Deutsche Bank’s view of the European Central Bank on Friday, Deutsche Bank: Eurozone resilience keeps ECB doves in check but have more …
Barclays have joined Goldman Sachs in expecting the Bank of England to cut its benchmark Bank Rate by 25bp to 3.75% at its meeting on …
Federal Reserve Governor Christopher Waller said Friday that the U.S. central bank should proceed with another interest rate cut in December, arguing that recent weakness …
Reserve Bank of New Zealand – publishes 2025 bank stress test results Large banks well placed to withstand solvency, liquidity impact of severe scenario caused …
Sun: US clocks change (LDN-NY gap reverts to 5hrs); OPEC-8 Meeting. Australian Final PMIs (Oct) Mon: Japan Culture Day Holiday; Swiss CPI (Oct), EZ, UK …
Inflation expectations anchored Should proceed based on what data is telling us Should look through tariff-driven inflation Excluding temporary inflation, PCE is running at 2.5% …
Fed’s Bostic is saying: Eventually got behind the cut this week Dual mandates are in tension supported a cut because it still feels we are …
A surprise in this week’s Fed decision was a hawkish dissent from Kansas City Fed President Schmid, who didn’t want to hike rates. In his …
Logan is backing up Schmid. The KC Fed President Schmid loses his vote next year but he’s replaced by Logan, who is equally hawkish. She …