PBOC to skip OMOs today
A very brief what to expect from Bank of America / Merrill Lynch, not just for this week but out to 2019:
Hold press conference after release of the Financial System Review The BOCs Poloz and Wilkins are holding a press conference following the release of the Financial System review.
More hawkish comments sends the GBPUSD back higher BOE’s Ramsden is more hawkish in his comments and that has led to a quick rebound in the GBPUSD. Says:
Turkey’s central bank announces the decision of its June monetary policy meeting Expectations for the decision were very much divided with forecasts all over the place from no change to a 100 bps rate hike in the one-week repo rate.
Bundesbank head Jens Weidmann now chipping in Seems like they’re going all out today. The continued hawkish tilt in comments on inflation is pushing the euro higher on the day. EUR/USD now at a high of 1.1757.
Further comments on the day by ECB member Klass Knot Reinforcing his earlier comments on the day. They can’t be more clear with the that they’re trying to send today to the market.
ECB hawk Klaas Knot speaks in Dutch parliament This continues the stretch of comments that policymakers are more upbeat on the inflation outlook and that we can expect the ECB to announce an end to QE in next week’s meeting.
McCafferty on LBC Radio Kinda stating the obvious. – Low interest rates are likely to be with us for a quite significant period of time – Sees plenty of room for more QE in the case of a downturn
It’s something that needs to be repeated Some of the smartest professors, economists and traders have no idea about how the banking system works. It goes back to the textbooks. The myth is that you deposit money at a bank, then that money is leveraged and lent out by the bank. So your $100 at…