Central Banks

Newsquawk week ahead: Highlights include US jobs data, FOMC and ECB minutes, RBA

Newsquawk week ahead: Highlights include US jobs data, FOMC and ECB minutes, RBA

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MON: German Trade Balance (May), EZ Sentix Index (Jul); US Independence Day.TUE: RBA Announcement, South Korean CPI, EZ/UK/US Final Services and Composite PMI (Jun), US Durable Goods R (May).WED: FOMC Minutes. German Industrial Orders (May), EZ Retail Sales (May), US ISM Services PMI (Jun).THU: ECB Minutes, Australian Trade Balance (May), Swiss Unemployment (Jun), Canadian Trade…
ICYMI – RBA to raise the cash rate target by 50bp in July – BoA forecast

ICYMI - RBA to raise the cash rate target by 50bp in July - BoA forecast

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Adam had the post, Thursday US time:BoA are on the consensus, most are projecting +50bps. The Reserve Bank of Australia meeting is on July 5, the statement is due at 0430 GMT All four of Australia's 'big four' banks, ANZ, NAB, CBA, Westpac are forecasting +50bp. ANZ:"The Reserve Bank looks to be playing catchup with…
PBOC sets USD/ CNY mid-point for Friday, 1 July 2022 at 6.6863 (vs. estimate at 6.6851)

PBOC sets USD/ CNY mid-point for Friday, 1 July 2022 at 6.6863 (vs. estimate at 6.6851)

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The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD/CNH has no restrictions on its trading range. A significantly stronger or weaker rate than…
BOJ says manufacturing output prices highest since 1980, CPI expectations highest ever

BOJ says manufacturing output prices highest since 1980, CPI expectations highest ever

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Japanese firms expect prices to rise faster in the years ahead

Japanese firms expect prices to rise faster in the years ahead

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Adding in the inflation expectations from the Bank of Japan Tankan just puyblished Tankan Corporate Price Expectations Survey: Japan firms expect consumer prices to rise 2.4% a year from now vs +1.8% in prev surveyJapan firms expect consumer prices to rise an annual 2% 3 years from now vs +1.6% in prev surveyJapan firms expect…
BOJ Tankan survey for Q2: Manufacturing and non-manufacturing indexes fall

BOJ Tankan survey for Q2: Manufacturing and non-manufacturing indexes fall

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Eamonn Sheridan Thursday, 30/06/2022 | 23:53 GMT-0 30/06/2022 | 23:53 GMT-0 The BOJ’s Tanki Keizai Kansoku Chousa (Tankan) reports on the Short-Term Economic Survey of Enterprises in JapanThe results are all a little poor, but the outlook is for improvement in Q3. June big manufacturers index +9(Reuters poll: 13) Sept big manufacturers index seen at…
ECB’s Holzmann says he would have preferred to hike sooner, & 2% inflation some time away

ECB's Holzmann says he would have preferred to hike sooner, & 2% inflation some time away

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Robert Holzmann is the Governor of Austria's central bank (Oesterreichische Nationalbank (OeNB)) and therefore also a member of the Governing Council of the European Central Bank (ECB).Speaking in an interview with Austrian newspaper Oberoesterreichische Nachrichten: it will take some time to reach the 2% inflation target we do not know how wage negotiations will go…
AUD: RBA to hike 50bps next week; AUD likely to stay under pressure – BofA

AUD: RBA to hike 50bps next week; AUD likely to stay under pressure - BofA

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Bank of America Global Research discusses its expectations for next week's RBA July policy meeting."RBA Governor Lowe has effectively ruled out the possibility of 75bp hikes at upcoming meetings. Similar to the June meeting, the Bank would decide between 25bp and 50bp next week, depending on the economic data available at the time. Domestic data…
Italy, Spain, Portugal and Greece will be recipients of anti-fragmentation aid

Italy, Spain, Portugal and Greece will be recipients of anti-fragmentation aid

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An ECB sources report is crossing and said that before the ECB anti-fragmentation tool will be unveiled next month, the central bank will reinvest maturing proceeds into periphery countries. They have divided eurozone countries into three groups: Donors, recipients and neutrals.The recipients are Italy, Spain, Portugal and Greece.The donors are Germany, France and Netherlands.The remainder…
PBOC sets USD/ CNY reference rate for today at 6.7114 (vs. estimate at 6.7053)

PBOC sets USD/ CNY reference rate for today at 6.7114 (vs. estimate at 6.7053)

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USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD/CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 6.7000more to comeThe PBOC…