A front-page article in the China Securities Journal, is a national securities newspaper, under the state media giant Xinhua News Agency.

  • China very likely to exit some stimulus measures as the economy improves
  • no rate hike soon though
From the piece (via Bloomberg):
  • "If previous rounds of withdrawing stimulus policies are a guide, 'tight money' and 'tight credit' are inevitable, and policy rate hikes are also normal" 
  • "However, we shouldn't see the monetary authority proactively raising the policy rate for some time to come" 

A front-page article like this is quite significant. The recent series of defaults by state-linked companies has sent shudders through China credit markets in past days and weeks. This might well add to that. 

View More

Thu 26 Nov 2020 02:42:17 GMT

BoK Governor Lee says the recent gain in the won (KRW) is a bit fast

Earlier today the Bank of Korea, South Korea's central bank, left their key rate on hold and were more optimistic on their economic forecasts. Governor Lee is speaking now, main points, firstly on the currency:

View More

BoK Governor Lee says the recent gain in the won (KRW) is a bit fast


Eamonn Sheridan
Thu 26 Nov 2020 02:42:17 GMT
Category: Central Banks
0


Earlier today the Bank of Korea, South Korea's central bank, left their key rate on hold and were more optimistic on their economic forecasts. Governor Lee is speaking now, main points, firstly on the currency:

Asset 24 View More
Thu 26 Nov 2020 02:05:22 GMT

Westpac on the new instructions to the RBNZ from the New Zealand government

Its been an eventful week so far in NZ with the government there asking the Reserve Bank of New Zealand to consider policies to contain house prices rises. ICYMI from Tuesday:

View More

Westpac on the new instructions to the RBNZ from the New Zealand government


Eamonn Sheridan
Thu 26 Nov 2020 02:05:22 GMT
Category: Central Banks
0
Its been an eventful week so far in NZ with the government there asking the Reserve Bank of New Zealand to consider policies to contain house prices rises. ICYMI from Tuesday:

Asset 24 View More
Thu 26 Nov 2020 01:15:32 GMT

PBOC sets USD/ CNY reference rate for today at 6.5780 (vs. yesterday at 6.5749)

People's Bank of China set the onshore yuan mid-rate for the trading session ahead. Reuters estimate from their survey was 6.5759, Bloomberg 6.5776 PBOC add in 80bn yuan through 7-day RRs in open market operations

View More

PBOC sets USD/ CNY reference rate for today at 6.5780 (vs. yesterday at 6.5749)


Eamonn Sheridan
Thu 26 Nov 2020 01:15:32 GMT
Category: Central Banks
0
People's Bank of China set the onshore yuan mid-rate for the trading session ahead. Reuters estimate from their survey was 6.5759, Bloomberg 6.5776 PBOC add in 80bn yuan through 7-day RRs in open market operations

Asset 24 View More
Wed 25 Nov 2020 19:01:51 GMT

3

FOMC minutes: Market participants increasingly focused on how asset purchases might evolve

Minutes of the November 5 FOMC There is so much talk about tweaking QE in the minutes. The volume of the talk alone starts to sound like a signal. My quick read is that a change in guidance is likely coming in December and that will set up more action at a future meeting.

View More

FOMC minutes: Market participants increasingly focused on how asset purchases might evolve


Adam Button
Wed 25 Nov 2020 19:01:51 GMT
Author: Adam Button
Category: Central Banks
3
Minutes of the November 5 FOMC There is so much talk about tweaking QE in the minutes. The volume of the talk alone starts to sound like a signal. My quick read is that a change in guidance is likely coming in December and that will set up more action at a future meeting.

Asset 24 View More
Wed 25 Nov 2020 18:53:22 GMT

FOMC minutes coming up next

This is a market mover There is a lively debate about what the Fed will do at the December 16 meeting. Fed officials have been fairly consistent in saying they want to wait and see how the economy develops but many market watchers see them extending the maturity of their purchases in an operation twist-style move.

View More

FOMC minutes coming up next


Adam Button
Wed 25 Nov 2020 18:53:22 GMT
Author: Adam Button
Category: Central Banks
0
This is a market mover There is a lively debate about what the Fed will do at the December 16 meeting. Fed officials have been fairly consistent in saying they want to wait and see how the economy develops but many market watchers see them extending the maturity of their purchases in an operation twist-style move.

Asset 24 View More
Wed 25 Nov 2020 12:31:40 GMT

ECB's de Guindos: ECB currently calibrating different stimulus options

Comments by ECB vice president, Luis de Guindos - ECB will consider oil price, vaccine in December decision - News of vaccine bolstered sentiment, animal spirits The latest suggestion by de Guindos above seems to be that they may do less than what they intended to do given recent developments in the vaccine space.

View More

ECB's de Guindos: ECB currently calibrating different stimulus options


//az705044.vo.msecnd.net/20190219/ecb-de-guindos.png Justin Low
Wed 25 Nov 2020 12:31:40 GMT
Author: Justin Low
Category: Central Banks
0
Comments by ECB vice president, Luis de Guindos - ECB will consider oil price, vaccine in December decision - News of vaccine bolstered sentiment, animal spirits The latest suggestion by de Guindos above seems to be that they may do less than what they intended to do given recent developments in the vaccine space.

Asset 24 View More
Wed 25 Nov 2020 10:03:33 GMT

ECB's de Guindos: Bank dividend suspension was temporary, extraordinary

de Guindos says any decision on future bank dividends will depend on economic developments moving forward here In any case, it is interesting to note that de Guindos is using past tense here i.e. . It sort of lays out expectations as to what to expect on this issue.

View More

ECB's de Guindos: Bank dividend suspension was temporary, extraordinary


Justin Low
Wed 25 Nov 2020 10:03:33 GMT
Author: Justin Low
Category: Central Banks
0
de Guindos says any decision on future bank dividends will depend on economic developments moving forward here In any case, it is interesting to note that de Guindos is using past tense here i.e. . It sort of lays out expectations as to what to expect on this issue.

Asset 24 View More
Wed 25 Nov 2020 09:58:19 GMT

ECB's de Guindos: Yellen's appointment is good news for the US and world economy

Remarks by ECB vice president, Luis de Guindos Interesting that he is choosing to comment on that, but the market has certainly concurred with that view as seen by the risk moves to start the week.

View More

ECB's de Guindos: Yellen's appointment is good news for the US and world economy


//az705044.vo.msecnd.net/20151112/yellen.png Justin Low
Wed 25 Nov 2020 09:58:19 GMT
Author: Justin Low
Category: Central Banks
0
Remarks by ECB vice president, Luis de Guindos Interesting that he is choosing to comment on that, but the market has certainly concurred with that view as seen by the risk moves to start the week.

Asset 24 View More
Wed 25 Nov 2020 06:05:15 GMT

ECB's Mersch: It will probably be difficult to maintain positive growth going into Q4

Comments by ECB policymaker, Yves Mersch - Although Germany might achieve it - Consequences of pandemic probably have a longer duration than foreseen when we took the latest calibration decisions in the summer Nothing really new from Mersch, as his 'calibration' comments are largely in relation to extending PEPP stimulus - which is expected next month.

View More

ECB's Mersch: It will probably be difficult to maintain positive growth going into Q4


Justin Low
Wed 25 Nov 2020 06:05:15 GMT
Author: Justin Low
Category: Central Banks
0
Comments by ECB policymaker, Yves Mersch - Although Germany might achieve it - Consequences of pandemic probably have a longer duration than foreseen when we took the latest calibration decisions in the summer Nothing really new from Mersch, as his 'calibration' comments are largely in relation to extending PEPP stimulus - which is expected next month.

Asset 24 View More
Wed 25 Nov 2020 03:41:39 GMT

FT reports that the RBNZ to reimpose lending curbs over housing bubble fears

The Financial Times with a recap of Reserve Bank of New Zealand Governor Orr earlier today: for more (may be gated). Link to the FT

View More

FT reports that the RBNZ to reimpose lending curbs over housing bubble fears


https://az705044.vo.msecnd.net/20190509/rbnz-orr-reserve-bank-of-new-zealand.png Eamonn Sheridan
Wed 25 Nov 2020 03:41:39 GMT
Category: Central Banks
0
The Financial Times with a recap of Reserve Bank of New Zealand Governor Orr earlier today: for more (may be gated). Link to the FT

Asset 24 View More
Wed 25 Nov 2020 02:47:51 GMT

1

Federal Open Market Committee November meeting minutes due Wednesday - preview

Minutes of the  November 4-5 Federal Reserve monetary policy meeting  In his press conference following this meeting Chair Powell suggested that Fed could change the composition, duration, and size of its asset purchases

View More

Federal Open Market Committee November meeting minutes due Wednesday - preview


https://az705044.vo.msecnd.net/20201105/powell-nov-5.png Eamonn Sheridan
Wed 25 Nov 2020 02:47:51 GMT
Category: Central Banks
1
Minutes of the  November 4-5 Federal Reserve monetary policy meeting  In his press conference following this meeting Chair Powell suggested that Fed could change the composition, duration, and size of its asset purchases

Asset 24 View More
Wed 25 Nov 2020 01:15:29 GMT

PBOC sets USD/ CNY reference rate for today at 6.5749 (vs. yesterday at 6.5809)

People's Bank of China set the onshore yuan mid-rate for the trading session ahead. PBOC add in 120bn yuan through 7-day RRs in open market operations 

View More

PBOC sets USD/ CNY reference rate for today at 6.5749 (vs. yesterday at 6.5809)


Eamonn Sheridan
Wed 25 Nov 2020 01:15:29 GMT
Category: Central Banks
0
People's Bank of China set the onshore yuan mid-rate for the trading session ahead. PBOC add in 120bn yuan through 7-day RRs in open market operations 

Asset 24 View More
Tue 24 Nov 2020 22:52:17 GMT

2

Bank of England warn of a disastrous no-deal Brexit, worse than the virus - UK car industry expect a huge slump also

An ICYMI heads up to comments from Bank of England Governor Bailey: Bailey was speaking in testimony before parliament's Treasury committee. ---- Meanwhile the clock is ticking, the UK will leave the EU transition period on January 1 . Just over 37 days away. 

View More

Bank of England warn of a disastrous no-deal Brexit, worse than the virus - UK car industry expect a huge slump also


Eamonn Sheridan
Tue 24 Nov 2020 22:52:17 GMT
Category: Central Banks
2
An ICYMI heads up to comments from Bank of England Governor Bailey: Bailey was speaking in testimony before parliament's Treasury committee. ---- Meanwhile the clock is ticking, the UK will leave the EU transition period on January 1 . Just over 37 days away. 

Asset 24 View More
Tue 24 Nov 2020 22:28:29 GMT

RBNZ Hawkesby says if had not eased policy, the NZD would be 5-10% higher

RBNZ assistant governor  Hawkesby  Speaking as part of the Bank's press conference and wandering close to manipulation territory with remarks like this. 

View More

RBNZ Hawkesby says if had not eased policy, the NZD would be 5-10% higher


Eamonn Sheridan
Tue 24 Nov 2020 22:28:29 GMT
Category: Central Banks
0
RBNZ assistant governor  Hawkesby  Speaking as part of the Bank's press conference and wandering close to manipulation territory with remarks like this. 

Asset 24 View More
Tue 24 Nov 2020 22:03:09 GMT

RBNZ Governor Orr says low interest rates ensure the NZD remains competitive

Reserve Bank of New Zealand Governor Orr press conference following the Bank's Financial Stability Report released earlier.  Link to the news conference

View More

RBNZ Governor Orr says low interest rates ensure the NZD remains competitive


Eamonn Sheridan
Tue 24 Nov 2020 22:03:09 GMT
Category: Central Banks
0
Reserve Bank of New Zealand Governor Orr press conference following the Bank's Financial Stability Report released earlier.  Link to the news conference

Asset 24 View More
Tue 24 Nov 2020 20:04:34 GMT

RBNZ: Unemployment lower than expected to date

RBNZ financial stability review We will see how well those low rates protect the kiwi when we get into the post-covid period.

View More

RBNZ: Unemployment lower than expected to date


Adam Button
Tue 24 Nov 2020 20:04:34 GMT
Author: Adam Button
Category: Central Banks
0
RBNZ financial stability review We will see how well those low rates protect the kiwi when we get into the post-covid period.

Asset 24 View More
Tue 24 Nov 2020 17:31:35 GMT

4

Feds Bullard: Sees no need to change bond purchases right now

Fed's Bullard speaking The Fed's Bullard (more of a hawk) is on the wires saying:

View More

Feds Bullard: Sees no need to change bond purchases right now


Greg Michalowski
Tue 24 Nov 2020 17:31:35 GMT
Category: Central Banks
4
Fed's Bullard speaking The Fed's Bullard (more of a hawk) is on the wires saying:

Asset 24 View More
Tue 24 Nov 2020 16:00:58 GMT

1

Fed's Bullard doesn't comment on monetary policy or economic outlook

Nothing from Bullard (yet) The rest of today's schedule:

View More

Fed's Bullard doesn't comment on monetary policy or economic outlook


Adam Button
Tue 24 Nov 2020 16:00:58 GMT
Author: Adam Button
Category: Central Banks
1
Nothing from Bullard (yet) The rest of today's schedule:

Asset 24 View More
Tue 24 Nov 2020 12:53:28 GMT

1

BOE's Haskel: We still have plenty that we can do in terms of policy firepower

Comments by BOE policymaker, Jonathan Haskel The best way to gauge if a central bank is running out of policy tools at their disposal is to take stock of how frequent they are verbally commenting that they have enough "firepower". The BOJ is the number one example of that over the years.

View More

BOE's Haskel: We still have plenty that we can do in terms of policy firepower


Justin Low
Tue 24 Nov 2020 12:53:28 GMT
Author: Justin Low
Category: Central Banks
1
Comments by BOE policymaker, Jonathan Haskel The best way to gauge if a central bank is running out of policy tools at their disposal is to take stock of how frequent they are verbally commenting that they have enough "firepower". The BOJ is the number one example of that over the years.

Asset 24 View More
Tue 24 Nov 2020 12:12:55 GMT

BOJ's Kuroda: Central bank measures have helped with global pickup

Comments by BOJ governor, Haruhiko Kuroda

View More

BOJ's Kuroda: Central bank measures have helped with global pickup


//az705044.vo.msecnd.net/20201124/11-24-2020-8-09-39-pm.png Justin Low
Tue 24 Nov 2020 12:12:55 GMT
Author: Justin Low
Category: Central Banks
0
Comments by BOJ governor, Haruhiko Kuroda

Asset 24 View More
Tue 24 Nov 2020 05:27:38 GMT

BOJ's Kuroda: Will take additional easing steps if virus impact becomes more severe

Further comments on the day by BOJ governor, Haruhiko Kuroda He has been repeating this since the start of the pandemic. The BOJ has taken some new measures lately (mainly to alleviate the burden of financial firms), but they are unlikely to step up further easing unless we see the government proceed with more curbs to address the health crisis. A look at the virus situation in Japan:

View More

BOJ's Kuroda: Will take additional easing steps if virus impact becomes more severe


//az705044.vo.msecnd.net/20201124/11-24-2020-1-26-52-pm.png Justin Low
Tue 24 Nov 2020 05:27:38 GMT
Author: Justin Low
Category: Central Banks
0
Further comments on the day by BOJ governor, Haruhiko Kuroda He has been repeating this since the start of the pandemic. The BOJ has taken some new measures lately (mainly to alleviate the burden of financial firms), but they are unlikely to step up further easing unless we see the government proceed with more curbs to address the health crisis. A look at the virus situation in Japan:

Asset 24 View More
Tue 24 Nov 2020 05:01:23 GMT

ECB's Rehn: Must keep current financing conditions for as long as needed

Remarks by ECB governing council member, Olli Rehn There will be more ECB speakers to come later today as Eamonn highlighted . here

View More

ECB's Rehn: Must keep current financing conditions for as long as needed


Justin Low
Tue 24 Nov 2020 05:01:23 GMT
Author: Justin Low
Category: Central Banks
0
Remarks by ECB governing council member, Olli Rehn There will be more ECB speakers to come later today as Eamonn highlighted . here

Asset 24 View More
Tue 24 Nov 2020 04:58:58 GMT

ECB's Lagarde and Lane will both speak on Tuesday

European Central Bank President Lagarde is speaking at 1400 GMT Chief economist Lane follows at 1745GMT The interest for these speeches are hints on what is coming up at the ECB meeting on 10 December 

View More

ECB's Lagarde and Lane will both speak on Tuesday


https://az705044.vo.msecnd.net/20200911/lagarde-lane.png Eamonn Sheridan
Tue 24 Nov 2020 04:58:58 GMT
Category: Central Banks
0
European Central Bank President Lagarde is speaking at 1400 GMT Chief economist Lane follows at 1745GMT The interest for these speeches are hints on what is coming up at the ECB meeting on 10 December 

Asset 24 View More
Tue 24 Nov 2020 03:46:01 GMT

1

RBNZ's Gov Orr says the Bank already gives consideration to asset prices

Reserve Bank of New Zealand pushing back against this? From earlier in the session: Orr writing to finance minister Robertson with the info that the Bank already takes asset prices into consideration. More:

View More

RBNZ's Gov Orr says the Bank already gives consideration to asset prices


Eamonn Sheridan
Tue 24 Nov 2020 03:46:01 GMT
Category: Central Banks
1
Reserve Bank of New Zealand pushing back against this? From earlier in the session: Orr writing to finance minister Robertson with the info that the Bank already takes asset prices into consideration. More:

Asset 24 View More

More Headlines


By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose