6 months ago
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ARTICLE AD BOX
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We’re heading into the back end of the week with a stacked data calendar in both Europe and the United States, and that’s unlikely to be background noise for markets. This week has already shown how sensitive EUR/USD and GBP/USD are to shifts in relative rate expectations across the US, UK, and euro area. With both pairs now parked near key technical levels, the upcoming data run has the potential to do more than just stir volatility. It could dictate whether recent moves have legs or start to unravel. Flash PMIs rarely struggle to move EUR/USD and GBP/USD, largely because European traders tend to react far more ... (full story)
From pmi.spglobal.com|5 hr ago
Growth momentum continued to build across Japan's economy in February, according to the latest S&P Global Flash PMI? data, with private sector business activity expanding at the ...
From rbnz.govt.nz|5 hr ago
It is a pleasure to be here today. I would like to thank Business Canterbury for inviting me to speak to you all. This is my first time in Christchurch, and indeed in New Zealand?s South Island. I am already impressed by your lively and scenic city. I know that Canterbury went through a very challenging period following the earthquakes. But you have rebuilt and emerged as one of the bright spots of the New Zealand economy today. I am keen to meet with you and learn more about your region and its economy. Being Reserve Bank Governor comes with a profound sense of responsibility, because the decisions of the Reserve Bank have such wide-reaching impacts for New Zealanders. My focus as Governor will be on the Reserve Bank?s core mandates. For monetary policy our mandate is very clear: we?re tasked with keeping inflation low and stable. Today, I want to focus on the need for monetary policy to be forward looking. This is important for three main reasons. First, it takes time for changes in the Official Cash Rate (OCR) to influence the economy and inflation. Second, economic data are often highly volatile and lagged. And third, forward-looking policy helps financial markets adjust to new information. In practice, this means we base our monetary policy decisions on a forecast of where inflation is heading, and not on where it is today. But importantly, we learn from incoming data and adjust monetary policy as we go so that inflation converges to the target. So, being forward looking does not mean that monetary policy is on a preset course. Our current situation is a good example of the need to stay focussed on the future. With inflation slightly above our target range, how do we ensure that inflation will return sustainably to target without stifling the nascent economic recovery? But before I explain our latest decision, let me highlight why low and stable inflation is so important. RBNZ GOVERNOR BREMAN SAYS THE PATH BACK TO 2% INFLATION HAS BEEN BUMPY BUT EXPECTS INFLATION TO BE WITHIN THE TARGET RANGE IN Q1. HE ADDS THE BANK IS CONFIDENT INFLATION WILL RETURN TO THE 2% MIDPOINT OVER THE NEXT 12 MONTHS. RBNZ GOVERNOR BREMAN SAYS A FORWARD-LOOKING APPROACH DOES NOT MEAN POLICY IS ON A PRE-SET PATH AND THAT THE BANK WILL ADJUST PLANS AS NEW INFORMATION EMERGES, WITH A FOCUS ON FUTURE OUTLOOK. ...
From ecb.europa.eu|6 hr ago
It is an honour to receive the Wolfgang Friedmann Memorial Award from the Columbia Journal of Transnational Law. This is the first time that a central banker has received this ...
From thepeg.co|4 hr ago
The Peg: How do you view the appointment of Kevin Warsh as chair, and to what degree does a more hawkish chair allow the Fed to push through larger rate cuts this year? Stephen ...
From investinglive.com|4 hr ago
The New Zealand and Australian dollars weakened in Asian trade following remarks from Reserve Bank of New Zealand officials that, while broadly constructive on inflation, ...
From morningstar.com|4 hr ago
The final report card for the U.S. economy in 2025 is likely show pretty good marks - and set the stage for even stronger performance this year. Gross domestic product is likely ...
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