Comments by ECB member Villeroy in Paris Nothing new here from Villeroy. Reiterating the same rhetoric that the ECB is confident that inflation is moving upwards still.
Further comments by BOJ board member Yukitoshi Funo Not hearing anything that we don’t already know from Funo. But USD/JPY continues to inch higher, trading to a high of 110.76 now as the Nikkei is also closing the day strongly now up by 0.91%.
Further comments by SNB head Thomas Jordan Jordan is taking questions from reporters now, and when asked if the SNB could act before the ECB he says that they don’t give forecast on interest rates but they do take into account international factors.
Comments by SNB head Thomas Jordan Jordan is speaking live right now and you can watch him if you’re interested. The text shows that he isn’t speaking about anything new though, mainly a reiteration of previous messages.
The SNB announces its June monetary policy meeting decision – 21 June 2018 Here’s the meeting statement: Nothing new from the SNB as expected, mainly a reiteration of the previous message seen in March and a slight upgrade to this year’s inflation forecast – as expected as well.
Speaking in Minneapolis HE adds: Kashkari is more of a dove and he is not a voting member in 2018.
Bank of England announces its monetary policy decision for June 2018 Here’s the statement details: Haldane joining in on the vote count is the real kick here, and it pushes expectations of an August rate hike higher. GBP/USD jumps to session highs of 1.3204 now from near session lows of 1.3110 earlier.
Comments by ECB member Jens Weidmann Nothing new as well from Weidmann. If anything, it feels like he’s less hawkish than usual. But considering he’s one of the favourites to take over from Draghi come October next year, he probably doesn’t want to pre-commit as well since the call for higher rates would then fall…
Comments by SNB board member Andrea Maechler Meanwhile, Jordan refuses to comment on when normalisation may start and says that he doesn’t want to speculate on the effects of ECB ending its QE programme.
BOJ member Yukitoshi Funo on the wires USD/JPY continues to push higher on the day touching a session high of 110.73 now. Funo’s comments on price growth aka inflation is a tad dovish but doesn’t run away from the standard views from the BOJ.