Comments by China’s central bank Moving forward, I expect more comments such as these from the PBOC. Xi Jinping is adamant on cracking down on financial and credit risks, and his recent restructuring of the PBOC is only one example of the efforts being put in to tackling those risks mentioned.
Quite likely rates rise above predicted ‘neutral’ level in coming years due to US fiscal stimulus Member of the Board of Governors of the Federal Reserve Lael Brainard speaking
Earlier remarks from Fed’s Brainard: Monitoring extreme volatility of cryptocurrencies – US fiscal stimulus and other tail winds could help re-anchor inflation expectations
People’s Bank of China sets the reference rate for the onshore yuan each day PBOC skips open market operations today
Lael Brainard is a Governor of the Federal Reserve System; she spoke earlier today (late US time): In part, Brainard warned: That is via Reuters run-down: Fed watching for financial shocks as risks build: Brainard
A piece by the FT highlights Finland central bank head Erkki Liikanen as among the front runners now to succeed Draghi as ECB president The report mentions about Liikanen moving away from a hawkish stance to one that is more neutral or “in the centre ground” as it says – a shift that helps him…
Comments from Kashkari – It’s not clear how tight labor market really is – Unclear if tax cut will lead to investment or lift long term growth – I don’t see big departures on Fed policy under Powell Somewhat upbeat from a guy who is at the dovish extreme of the FOMC.
Williams moves to New York from San Francisco – To take over from Dudley on June 18 – Powell praises Williams for his ‘insight and wise counsel’ – Williams has led SF Fed since 2011 It was reported in March that Williams was the front-runner for the job.
Reuters citing a working paper from China’s central bank 3 April – CBs should adopt neg rate policy during deflationary recessions – neg int rates can be used as a conventional monetary tool to revitalise growth PBOC’s head of research going against the grain somewhat on digital currencies with other CBs refusing to recognise them.…
Further comments by BOJ’s Kuroda as he speaks in parliament Kuroda again sounding optimistic that the BOJ will reach a point where they can debate exiting their easing policies by fiscal year 2019. I for one, .