PBOC governor Yi Gang on the wires Basically verbal intervention, and the yuan is paring losses on the day on the back of these headlines. Offshore yuan now falls to 6.7060 against the dollar after having traded to a high of 6.7300 levels earlier.
The full text of the RBA’s statement in July 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with…
BOE board member Michael Saunders speaks in a CNBC interview Very much similar tones to the BOE statement, if anything at least it doesn’t take away from sterling’s positive developments on the day.
Sweden’s central bank announces its July monetary policy decision Once again, the Riksbank maintained the hard line that they would only raise rates “towards the end of the year” with no firm commitment – but Floden’s dissent to put a firm commitment on Q3 may be the only positive in an otherwise unchanged statement.
Yes ladies and gentlemen, Reserve Bank of Australia coming up at 0430GMT Earlier: – (NAB) – (via Westpac) – (via ANZ) – (via TD) There we go, all the previews in one place to make it a little easier.
Huge chop to the price of the onshore yuan from the People’s Bank of China today This is a big move today, the Bank taking nearly 250 points out of it …. yowza
The Bank of Japan meet on July 30 and 31 and will update their report. Outlook for Economic Activity and Prices In the report the Bank includes its forecasts, and inflation, way below target, could come into focus again. This seems rather early, but the Nikkei says the BOJ will cut its inflation forecast further…
The Bank of Japan second quarter of 2018 Tankan business survey includes Corporate Price Expectations: Japan firms expect consumer prices to rise +0.9 pct a year from now vs +0.8 pct in the Q1 survey
The Reserve Bank of Australia monetary policy decision and statement due Tuesday 3 July 2018 – Coming up at 0430GMT I have posted previews prior, here:
Just a few comments noted from ANZ on the Reserve Bank of New Zealand cash rate (bolded) The global outlook remains positive Domestically, the economy is going through a softer patch and we expect it will struggle to grow above trend from here