People’s Bank of China cuts the CNY mid rate again (i.e. higher USD against the onshore yuan), weakest since December 20 last year – At just under 400 points its the biggest cut since January this year (if yer keepin’ score!)
ECB releases its quarterly economic bulletin Nothing that we don’t already know from the ECB after Draghi has basically reiterated all of the above points in his press conference during the monetary policy meeting earlier this month.
BOE member Jon Cunliffe speaks to BBC Radio Nothing else of note from Cunliffe. The issue of household debt isn’t anything new as it is one that the BOE is finding difficult to tackle – which is why real wages and consumption data remain as key data points for any BOE rate hike expectations.
The Reserve Bank of New Zealand June 2018 monetary policy announcement and one-page statement was earlier Earlier responses are here: This now via CBA:
ASB have shifted the date they expect the Reserve Bank of New Zealand to hike its cash rate – The bank forecast the RBNZ to hike the cash rate in November 2019 ASB were previously at August 2019
The Reserve Bank of New Zealand announcement and my quick take is here: Spoiler – RBNZ sticking neutral but some wariness creeping in – not hawkish, Quick takes trickling in from banks now (bolding mine):
People’s Bank of China takes a big bite out of the CNY again today The bank using the CNY in the trade war? On the face of I’d say yes …. they are really slashing its price. Each day the Bank set a mid rate – and each day they are devaluing it.
This the latest from Reuters polling – Federal Reserve to raise rates two more times this year (same as May poll), twice in 2019 vs Fed dot plots’ three
The Bank of England releases its financial stability review The report was scheduled to be released an hour ago but was delayed. Carney is due to speak on the report later on at the top of the hour instead. Nothing of note pertaining to monetary policy as this mainly concerns the banking system and financial…
I’ve posted previews of the Reserve Bank of New Zealand monetary policy announcement to come on: – Thursday morning, June 28 local time – Wednesday 27 June at 2100GMT Here: