Over the weekend PBOC Governor Yi Gang said on the currency: On Friday CFETS set the yuan at 92.38 against its basket index – From 92.35 the previous The Bank conducts no open market operations today
Comments by ECB member Olli Rehn – ECB policy won’t take into account political situations – ECB should gradually move to data-dependent rate guidance ForexLive
Here is RBC on the RBA, canvassing the positives and negatives for the Australian economy and monetary policy Its not too bad indeed for a really brief a summary:
Comments by RBA board member Ian Harper in an interview with WSJ – Economy is strong – Any near-term rise in interest rates would spook consumers – Currently in a time of soft wages growth and falling house prices ForexLive
Bank of Japan Governor Kuroda spoke from Bali over the weekend. he had plenty to say on Fed policy. – steady Fed interest hikes basically good for the global economy – showed US economy strong Surf’s up!
People’s Bank of China Governor Yi Gang spoke in Bali over the weekend and also gave an interview to Bloomberg – Yuan is at a “reasonable and equilibrium level”, is relatively stable
Draghi comments in a IMFC statement – Uncertainty around inflation outlook is receding – Economic indicators suggest that broad-based growth will continue – Significant monetary policy stimulus is still needed ForexLive
Chair of JP Morgan Jacob Frenkel taking an opposite view of the US President Trump is opposing the Fed hiking rates, calling the bank ‘crazy’, loco’, and says its ‘going wild’.
Coming up at 0030GMT from the RBA is their Financial Stability Review (FSR), here is a preview Note, at the same time we get housing loan data, preview here:
In contrast to President Trump who wants the Fed to stop hiking, (says the Fed is … actual words used by the Prez … crazy, loco, going wild Anyway, back to Roach, ex of Morgan Stanley now at Yale: