People’s Bank of China reference rate for the onshore yuan will be set just after 0115GMT. We’ll have it here, as usual. I have posted a few items on China already today:
At yesterday’s preannounced Japanese Government Bond buying operation the Bank to the extra step of: – It came after JGB yields moved higher on Friday and early on Monday
On Monday the Buba released its monthly report, citing better private consumption, manufacturing and exports for higher growth – “The economy has likely showed better momentum in the spring than at the start of the year
Quarles focuses on regulation Quarles was given an expiring term but Senators voted on July 17 to give him a new term, which runs 14 years. The last Governor to serve out a full term was Edward Kelley, who served from 1987 to 2001. Since the turn of the century, Dan Tarullo’s 8 years is…
The ECB meet on Thursday 26 July 2018 Long story short is that analysts are not expecting any change in policy and little in nuance. A couple of previews (in brief, bolding mine), via …
People’s Bank of China injected RMB 502bn (around USD 74bn) of cash into the banking system – Through one-year loans – Medium-term Lending Facility (MLF) – rate unchanged from its previous MLF, 3.3% Reuters adds;
Broadbent in the Q&A Well that solves nothing. The market is pricing in an 85% chance of a hike and there isn’t much on the agenda before the blackout starts.
QE is everything In many corners of financial markets, you hear the same refrain: QE has skewed everything. The idea is that markets are completely controlled by central banks.
BOE’s Broadbent: If inflation pressures weaken after QE reversal, first response will be to cut rates
Comments from BOE Deputy Governor Broadbent: – Response will be to cut rates, not add more QE – Later rounds of QE more effective than earlier rounds – Unwinding QE may create disinflationary pressures No comments on the outlook or next week’s BOE meeting, which is widely (but not entirely) expected to result in a…
The Bank of Japan meet next week, Monday July 30 and Tuesday July 31 This from Bloomberg on weekend comments from (or lack of I guess) from Bank of Japan Governor Kuroda