Central Banks

Reuters reports, but notes that policy easing remains on track Better-than-expected Q1 data reduces urgency for RRR cuts PBOC likely to pause to assess economic conditions before making further moves Easing bias remains unchanged but PBOC sees less room this year for cutting RRR This comes with the view that fiscal stimulus plays a bigger
China’s FX regulator is the State Administration of Foreign Exchange (SAFE). Remarks: China’s cross-border capital flows generally stable in Q1 Says will strengthen counter-cyclical policies to support economy Confident China will be able to achieve 2019 economic growth target US Fed’s policy stance will be favourable for China’s capital flows Expects China’s cross-border capital flows to
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
Bank of Japan deputy governor Masayoshi Amamiya spoke in parliamewnt earlier. Said the Bank would deploy monetary policy tools if a financial crisis threatens to destabilise the country’s banking system Srsly, the BOJ will deploy monetary policy tools if anyone in Japan sneezes.  Anyway … more: BOJ will learn from the lessons of Japan’s asset-inflated bubble economy
Officials continually talking about possibility of overshoots The Federal Reserve isn’t worried about inflation. That much is clear but what’s new is that several officials have talked about letting inflation run a bit higher than 2% for a short period. “Fed Governors meanwhile, appear to be lining up behind a view that a period of
WPAC’s response to Reserve Bank of Australia meeting minutes, April 2019 meeting. In summary from a detailed note: The Board has made a clear case for the benefits of lower interest rates, discounting arguments to suggest that it sees little benefit from lowering rates given the very low starting point.  The Board also lays out
Comments by the Chinese central bank Yuan exchange rate is stable overall Expectation of the financial market has improved Central bank to strike a balance in prudent monetary policy Will keep monetary policy not too tight nor too loose Will not implement flood-like stimulus Will fend off systemic financial risks ForexLive Basically a reiteration of
Latest from the Organisation for Stating the Bleeding Obvious Economic Co-operation and Development May be premature for BOJ to focus on details of exit strategy Thanks very much indeed for that insight. (Oh Gawd, there’s) More: Essential to maintain JGB market liquidity BOJ’s ETF purchases may lead to over-valuation of some stocks BOJ’s ETF purchases
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;