Author: Mike Paterson
1

BOJ governor Kuroda speaking at a conference in Tokyo earlier today 27 May

  • non-traditional policies are very effective in supporting the economy
  • very important to maintain, improve market functions

Crikey, I can't shake the jaw-boning one off even at the week-end.

                  Kuroda - "I said, is anyone still awake out there ?"

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Author: Adam Button

China signals tighter peg to US dollar

PBOC bills the move as a countercyclical tweak, market watchers not convinced Chinese leaders revealed a 'countercyclical' measure to its currency-management model in something that it said will prevent big swings.

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Author: Mike Paterson

Japan's Lower House approves two new members of BOJ board

Bloomberg with the headline 26 May - Hitoshi Suzuki and Goshi Katoaka confirmed by Lower House The two were nominated in April to replace two dissenting members, Kiuchi and Sato, who were opposed to Kuroda's policies but whose terms were up in July anyway so not a coup as such.

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Author: Eamonn Sheridan
1

PBOC 'is effectively anchoring the yuan to the dollar'

The Wall Street Journal overnight on People's Bank of China efforts to stabilise the CNY - China's central bank is effectively anchoring the yuan to the dollar The Journal piece is here, may be gated:

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Author: Eamonn Sheridan

PBOC sets USD/CNY central rate at 6.8698 (vs. yesterday at 6.8695)

The reference rate is barely  changed for the USD/CNY today. Open Market Operations: - To inject 20 bn yuan through 7-day reverse repos - To inject 20 bn yuan through 14-day reverse repos   There are 20bn yuan of maturing reverse repos today ... so a net 20bn yuan injection today.

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Author: Adam Button
7

When economists get news they don't want to hear

The problem with predictions and ego Pickup and economists research note from the past month and it's likely to say the same thing -- the Fed is going to hike in June.

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Author: Adam Button

Fed's Brainard to take part in panel next

Brainard to appear in Q&A Fed Governor Lael Brainard will take part in a panel discussion on the global economy. There is no text but there's a Q&A so the comments will trickle in.

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Author: Adam Button

South Africa leaves rates unchanged at 7.00%, as expected

Five votes for unchanged, one vote for a cut SARB says a cut is possible if inflation continues to surprise on the downside. "The MPC remains of the view that...we are likely at the end of the tightening cycle"

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Author: Adam Button

South African central bank says inflation surprised on downside but remains high

Sounds like the SARB will stay on hold The South African central bank rate decision is a strange one. They release a bunch of info and then hold a press conference and sometime during that press conference, they say what they're going to do on rates. In the interim, you have to try and read between the lines

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Author: Eamonn Sheridan
4

Fed's Evans: US essentially at full employment. Sees 'serious miss' on inflation

Chicago Federal Reserve President Charles Evans, speaking in Tokyo - Below-target U.S. inflation is "a serious policy outcome miss." - U.S. economy, now at 4.4 percent unemployment, has returned to "essentially" full employment, inflation has run below the Fed's 2-percent target for a full eight years via Reuters

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