This (in brief, summary) via Westpac on the Reserve Bank of Australia monetary policy meeting due next week WPAC provide a TL;DR version: Yep – nailed it Westpac go on, with some developments in consensus opinion:
The PBOC had been strengthing the onshore yuan, but a big reversal for that today People’s Bank of China skips open market operations today – Net drain of 40bn yuan
Swiss National Bank governing board member in interview with Handelszeitung So that will be the concern over USDCHF falls that I’ve been banging on about in recent months. The SNB have 35% of reserves in USD and long at unpleasant levels hence the ongoing need to support down here.
The Bank of England have published their latest Agents report 28 March – Robust growth in goods exports had tightened capacity and, together with improving profit margins, strengthened investment intentions in manufacturing slightly. Not sounding to me like an economy racing higher anywhere in a hurry but, hey, you make your own mind up. Meanwhile…
BOJ governor Kuroda speaking in parliament 28 March – commitment is important to increase effect of policy – BOJ has taken appropriate action at appropriate time I’m not sure anyone listening or believes any more Mr K
Swedish CB deputy governor interview with DI 28 March No rush there then. – not worried about overheating tendencies Nothing new here from Skingsley who on Monday repeated that a H2 2018 rate hike was possible in which I reported.
Reserve Bank of Australia meet Tuesday April 3, a quick preview of what is expected via Reuters polling of 30 analysts – 29 expect on hold at 1.5% More:
Comments from the Atlanta Fed leader – Says he doesn’t read too much into stock market volatility – Gradual approach to interest rates is better than big jumps Bostic has been speaking a lot lately. This is nothing new.
The Bank of England issues an update on the regulatory approach to preparations for EU withdrawal The full release can be found . here Rather dry stuff, mainly pertaining to financial services and their operations prior to the transition and post-transition. A lot of regulatory stuff in there as well.
People’s Bank of China ramping up the onshore yuan value again today … but a much small amount than yesterday though CNY (against USD) is at its highest since August of 2015