Forex News
Fed Dudley: Economic Performance To Determine Rate Hike Timing
New York Federal Reserve Bank President William Dudley Tuesday said the timing of the central bank’s first interest rate increase will be influenced by the economy’s performance
BOE Bean: Exit From Exceptional Stimulus Won’t Be Easy
Bank of England Deputy Governor Charles Bean in his valedictory speech says that the exit from exceptional monetary stimulus will not be easy.
UK CPI Inflation above expectations
CPI increased by 0.4% m/m and 1.8% y/y in April which was somewhat above expectations. The main contribution came from the transport costs (air fares, sea fares and motor fuels).
RBA Board Minutes – May
Today’s Minutes confirmed that the cash rate is on hold over the near term. The RBA’s neutral policy stance wasreaffirmed given in the Bank’s notation that,
ECB Mersch: Chances For June Action Have Risen ‘Substantially’
European Central Bank Executive Board member Yves Mersch said Monday that the chances of further easing measures at June’s monetary policy meeting have risen substantially.
ECB Nowotny: Negative Rates Accepted Elsewhere; Subject of Debate In EZ
European Central Bank Governing Council member Ewald Nowotny said Monday that banks in countries that introduced negative interest rates accepted these, but in a European context such a step requires consideration.
Fed Williams: 1st Rate Hike To Come In ‘Next Year Or So
San Francisco Federal Reserve Bank President John Williams Monday predicted the central bank will likely begin hiking interest rates in the next year or so,
Sweden: Unemployment above the Riksbank’s forecast
The Labour Force Survey was weaker than expected. Unemployment rose to 8.2% in April from 8.1% in March, 0.2% point above consensus and 0.3% above our call.
ECB Weidmann: Easier Financing Conditions May Offset Strong EUR
European Central Bank Governing Council member Jens Weidmann said Monday that easier financing conditions in the euro area over the medium term could more than offset the short-term impact of a strong euro.
NY Fed Staff: See 3% GDP Growth Rest Of 2014; +3.5% In 2015
The economy should grow at an annual rate of 3% over the remainder of 2014, despite a slow start to the year, according to the latest forecasts from the staff of the New York Federal Reserve Bank.
Fed Bullard: FOMC Goals Within Sight, Justifies Tap
St. Louis Federal Reserve Bank President James Bullard said Friday the central bank’s goals on employment and inflation are “within sight” and