Central Banks

China’s central bank comments To deepen market-oriented FX reforms in 2019 To keep monetary policy stable, improve counter-cyclical adjustments To keep interest rates stable Will steadily push forward yuan internationalisation Will orderly resolve shadow banking crisis Will improve offshore yuan market liquidity framework I think they’ve already done a decent job in preempting markets following
The piece is based on comments from Tony Crescenzi, market strategist and portfolio manager at Pimco, in an interview with Bloomberg TV (bolding mine): little-known near-term forward spread reflects the difference between the forward rate implied by Treasury bills six quarters from now and the current three-month yield fell into negative territory on Wednesday for the
In a new development for 2019 each Federal Open Market Committee (FOMC) meeting is to be followed by a news conference from Chair Jerome Powell. The dates, to print out and stick on the fridge: January 29-30 March 19-20* April/May30-1 June18-19* July30-31 September17-18* October29-30December10-11* * Meeting associated with a Summary of Economic Projections For comparison,
From the Bank of Japan Summary of Opinions for the December meeting This ‘summary’ pre dates the minutes by many weeks. Highlights (Headlines via Reuters): Risks to global economic outlook heightening, risk tilted to downside risks to Japan’s economy tilted to downside, recent data could be signalling slowdown in China’s economy Inflation moving in positive
China’s central bank comments in its quarterly meeting Prudent monetary policy should be not too loose and not too tight Will keep liquidity reasonably ample To keep the yuan exchange rate stable at a reasonable level Will further improve monetary policy transmission channel Will comprehensively use multiple monetary policy tools to keep reasonable growth in
BOJ governor Haruhiko Kuroda spoke earlier in Tokyo Fluctuation in stocks partially attributable to global risks BOJ will thoroughly examine risks abroad Will continue to examine developments in markets Japan and global economy are robust enough to withstand shocks Need to continue with current easing policies ForexLive With the recent setback suffered by global equities,
Williams on CNBC We are listening to markets very carefully We are hearing market concerns about risk to the economy We’re moving to a more data dependent mode Data dependent also means listening to markets and markets are signaling some risks to the outlook We will be ready to reassess and reevaluate our views Sees
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