China Securities Journal via Bloomberg headline More: Liquidity in China’s banking system will be tighter in June (large MLFs to mature …. i.e paid back …. and forex flows outflows expected). Yield expected to increase if (when) the Fed raises in June.
Bloomberg reported overnight saying its expected European Central Bank monetary policy making Governing Council anticipate holding a discussion on when they intend to cease asset purchases
A response to the Reserve Bank of Australia yesterday from RBC, in summary, bolding mine: made to the accompanying statement RBA also removed reference to an “improving labour market” (RBC says the current pace of employment generation is insufficient to place downward pressure on the unemployment rate)
Elvira Nabiullina is head of the Central Bank of Russia, in an interview (headlines via Reuters) On inflation, says sees it in 3 to 4% area at the end need of 2018
From the Bundesbank leader Weidmann isn’t going to criticize too much because he’s in a campaign to be the next ECB leader.
Swiss referendum to take place June 10 Switzerland is toying with the idea of removing the ability of banks to increase money supply in a vote on sovereign money, or Vollgeld. The question will be put to a referendum on June 10 and polls show the ‘no’ side with a strong lead — something like…
Euro quickly higher Bloomberg reports that policymakers anticipate holding a pivotal discussion that conclude with an announcement on when they intend to stop buying bonds. They cite eurozone officials familiar.
Further comments by BOJ deputy governor Wakatabe Mainly reiterating what Kuroda has been preaching since forever. He’s also trying to reassure the market of any potential messiness if and when the BOJ does wind down on its bond purchases. It’s more of a question of if than when in my view.
BOJ deputy governor Masazumi Wakatabe speaks in parliament Wakatabe is seen as the big dove among the trio of Kuroda, Amamiya, and himself. He’s an advocate for further easing of monetary policy should there be a need to and he’s open for the BOJ to adopt more policy tools in easing.
The full statement by the Reserve Bank of Australia At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow…