Former BOJ economist Hideo Hayakawa speaks in an interview with Reuters – BOJ may tolerate bond yield rises to around 0.4% under new July guidance – With new guidance, BOJ can now conduct “stealth” rate hikes ForexLive
Norman Chan is head of the Hong Kong Monetary Authority (HKMA) Confirms the band will be defended – HKMA says it will continue to buy HKD at 7.85 when the weak-side convertibility undertaking is triggered to ensure HKD exchange rate stability —
Reserve Bank of Australia Governor Philip Lowe will be speaking from 2330GMT Lowe will maintain his cautiously sanguine outlook and will say nothing to frighten local markets. The RBA is on hold and in no rush at all to change rates either way.
A note for the diary, the Federal Reserve confirm Chair Jerome Powell to speak on Friday August 24 Will it be a fizzer or a … ? ForexLive
The next release won’t be until next Friday This came out earlier, but the Atlanta Fed GDPNow estimate for 3Q GDP came in at 4.3%, that was unchanged from yesterday’s report.
The People’s Bank of China devalued the onshore yuan again today at the refence rate setting Taking USD/CNY to its highest (and thus lowest for the CNY) since May 12 2017
People’s Bank of China – 1 year lending – 383bn yuan – at 3.3% – Medium term lending facility The PBOC has not injected funds via reverse repos in open market operations (not drained) for 19 consecutive days. Today they’ve added liquidity to banks via a one-year injection with this MLF.
The Hong Kong Monetary Authority (act as the central bank in HK) bought Hong Kong dollars during New York trading hours Tuesday (news via Bloomberg) ) – To defend the peg —
Turkish central bank doesn’t offer any liras today ForexLive
Turkey’s central bank steps up intervention measures – Cuts required reserves ratios for non-core FX liabilities by 400 bps – Now allows the use of euros to be used for maintenance against lira reserves under the reserve options mechanism ForexLive