The Reserve Bank of Australia announcement and Statement (from Governor Lowe) are due at 0430 GMT on 3 April 2018 Preview via Barclays: And, via TD:
The Bank of Japan Tankan Survey of manufacturing and service companies is designed to assess business conditions in Japan. The survey is once a quarter, the results for Q1:
The short answer to the question is no If there’s anything that Kuroda deserves, it is praise for being so persistent and undeterred in his commitment to try and reach the 2% inflation target that is set out by fiscal year 2019.
Strongest onshore yuan setting since 11 August of 2015 PBOC skips open market operations today – Due to maturing reverse repos on Monday this is a net drain of 20bn yuan
China’s central bank out with a lending report for March 2 April The PBOC have confirmed they increased rates on Standard Lending Facility short-term loans by 5bps on 22 March, the day they raised another key rate.
Harker speaks with reporters – Forcing regional president nominees to testify before Congress could hurt independence It’s time to start watching the yield curve much more closely.
Harker gets hawkish – Sees three total hikes this year, from two – Raises his GDP forecasts for 2018 and 2019 – Expects inflation to rise to 2% by the end of 2019 These forecasts would have been in the latest dot plot.
He had already announced his resignation, just not the date Jazbec’s final day will be April 30, he said in a statement.
ECB governing council member Knot across the wires 29 March – comfortable with market expectations for ending QE in Q4 and rate hike Q2 2019 – market expectations and ECB view are converging Knot seemingly a man in a bit of a hurry but nothing we don’t already know.
Philly Fed’s Patrick Harker spoke in an interview with the WSJ The full transcript can be found (may be gated). here Do note that Harker isn’t a voting member of the FOMC board this year. Well, his comments seem aptly timed as the Fed’s preferred inflation measure (PCE deflator) will be out later today at…