Forex News
UK: MPS minutes still focus on inflation and spare capacity
As expected the MPC Minutes from the 4-5 June focus on inflation and the degree of spare capacity in the economy.
Buffers Buffer Better
We were amazed at this morning’s NZ Balance of Payments figures – amazed that they were so very close to expectations.
UK: May inflation lower than expected
CPI fell by 0.1% m/m in May pushing inflation down to 1.5% y/y, clearly below expectations.
RBA Board Minutes – June 2014
The June RBA Board minutes are probably a bit more dated that usual because the Board meeting pre-dated the betterthan expected QI GDP data.
IMF Lagarde: Not Expecting Fed Hike Shortly After Ending QE
The financial markets’ assessment is that the Federal Reserve will not wait too long after it’s monthly asset purchase program ends before tightening monetary policy,
IMF: Fed Can Afford To Keep Zero Rates Longer Than Mid-2015
The Federal Reserve can afford to keep short term interest rates close to zero for longer than the current market expectation of a first rate hike in the middle of 2015,
ECB Coeure: Would Use QE If Needed But Don’t Expect This Situation
The European Central Bank will resort to quantitative easing if circumstances warrant it but expects recent measures it took to preclude such a situation,
BOJ Keeps Policy Target
The Bank of Japan board Friday decided by a unanimous vote to leave the bank’s policy target unchanged as expected at its two-day monthly meeting, maintaining its overall economic assessment.
Performance of Manufacturing Index (PMI) – Middling May
Although still in positive territory, a second consecutive slowdown in expansion meant the manufacturing sector was at similar levels last seen over a year ago,
ECB Bulletin: No Deflation Threat to Eurozone At Present
The European Central Bank said Thursday that there is no present risk of deflation in the euro area but
Labour Force – May 2014
Employment fell by 4.8k over May following a downwardly revised 10.3k lift in April.
RBNZ Raises OCR 25bps
The Reserve Bank of New Zealand increased the official cash rate to 3.25% from 3.0% as expected, but is now projecting a slightly more gradual run of increases than anticipated in March.