Fed to hold press conference every month starting in January 2019 Comments from FOMC Chair Powell
June 2018 FOMC Press conference LIVE
Just a few headlines conveyed via Bloomberg from the China press today: China Securities Journal: A steady yuan diminishes fear and the likelihood of large capital outflows.
Federal Reserve FOMC meeting does have a risk says Barlcays:
BOJ raises its benchmark ratio for current account balances again They already did so during the March decision, and is raising it higher again for the next three months. This is basically to aid Japanese banks with regards to how much balances are charged a negative interest rate when they are kept with the central…
OMOs – People’s Bank of China to inject 50bn yuan in reverse repos today Net injection is 30bn yuan after accounting for maturing RRs today
Onshore yuan reference rate for the final day of the week. Yesterday’s set was at 6.3919 PBOC to skip OMOs today – Net drain of 40bn yuan today – Net drain of 300 bn yuan for the week (410bn injected the previous week)
China Securities Journal: – Opines that the People’s Bank of China has room to cut the reserve requirement ratio (RRR) even with the Fed rate hike
report on the BOJ perhaps cutting its inflation forecasts. Yeah, again. The Nikkei from overnight, More: — You’ll recall that in April’ (the BOJ updated outlook) the bank abandoned its target date for achieving 2% inflation
Mersch doesn’t touch on monetary policy As mentioned in the calendar preview, the ECB is in a quiet period now ahead of next week’s meeting so any exception to that should not materialise in comments on monetary policy – more of a taboo than anything else.