Caveat: Unless the EU bailout in place (Reuters) Italy seen borrowing costs surge since its new government unveiled plans to increase its budget deficit, in defiance of EU rules. It reawakens concerns about Italy’s public debt.
Fed’s George speaks in Oklahoma Another “crazy” Fed member ; ) Esther George, hawk, is on the wires saying: ForexLive
A senior International Monetary Fund official dragged himself away from a Bali beach long enough to comment on the Bank of Japan – “too early” to talk about normalising monetary policy in Japan Huh. This even though we know the BOJ is taking tiny little baby steps backing away from extraordinary loose policy.
European Central Bank and Buba’s Weidmann As for slower euro area growth, ditto More: Weidmann speaking from Bali (beats Frankfurt heading into autumn, right?) Also:
As a heads up ICYMI, the US Treasury release their currency manipulator report next week As I said earlier this week: – Speculation that the US will officially name China has ebbed and flowed for, oh, about 30 years or so. It looks like China will not get named again this time:
The news is here from earlier on the Monetary Authority of Singapore meeting have a bit of a recap up: Bloomberg Note there are only two decisions a year so I guess you could headline the post with MAS tightens policy at EVRY meeting this year!
US President Trump has been vocal and unrestrained on his criticism of the fres,Federal Reserve, calling it Nouriel Roubini says just wait … — I can’t help but enjoy the LOLs
Reserve Bank of Australia Financial Stability review Headlines via Reuters Well, there you go. The RBA seems sanguine on domestic conditions, highlighting the risks seemingly mainly offshore. Give a nod to high debt though, as expected and as appropriate.
Monetary Authority of Singapore policy decision out now: More: Headlines via Reuters I’d posted earlier on the expectations of a tightening (Sing do it through the exchange rate appreciating rather than through interest rates)> the tightening was only expected by a small majority.
Comments by RBA governor Philip Lowe – Have been hoping for higher US interest rates and higher US dollar – It is a welcome development – Inflation expectations in Australia are very well anchored ForexLive