The Q2 inflation data was earlier from Australia:

That headline number is hot, but the core measures (trimmed mean 1.6% y/y and weighted median 1.7% y/y, details in that post) are not. 

ING have issued their take on the data, in summary:  
  • Central Bankers' favourite "T" word, "transitory" will likely be dusted off again after Australia's 3.8%YoY inflation print for the second quarter of 2021. 
  • However, almost 2 percentage points of this inflation increase is entirely due to base effects.
  • ... trimmed means and weighted median inflation measures ... show a much more moderate pick up. So underlying inflation is rising. It just isn't rising very fast. And it still looks quite subdued relative to the RBA's 2-3% longer-term target, which as we all now know, they aren't too worried about exceeding in the short-term. 
AUD has taken a very tiny bid from the earlier news on an increase in support payments for workers and  business:
aud chart coronavirus Australia


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Wed 28 Jul 2021 01:17:13 GMT

More on CBA's dismal outlook for Australia's economy this quarter ... and RBA

The earlier post is here, with Commonwealth Bank of Australia tipping a huge contraction for the Australian economy in Q3 2021.  CBA forecast -2.7% q/q and therefore a delay to the RBA taper to at least February 2022.

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More on CBA's dismal outlook for Australia's economy this quarter ... and RBA


Eamonn Sheridan
Wed 28 Jul 2021 01:17:13 GMT
Category: Central Banks
0


The earlier post is here, with Commonwealth Bank of Australia tipping a huge contraction for the Australian economy in Q3 2021.  CBA forecast -2.7% q/q and therefore a delay to the RBA taper to at least February 2022.

Asset 24 View More
Wed 28 Jul 2021 01:15:33 GMT

PBOC sets USD/ CNY mid-point today at 6.4929 (vs. yesterday at 6.4734)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

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PBOC sets USD/ CNY mid-point today at 6.4929 (vs. yesterday at 6.4734)


Eamonn Sheridan
Wed 28 Jul 2021 01:15:33 GMT
Category: Central Banks
0
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

Asset 24 View More
Tue 27 Jul 2021 23:56:02 GMT

Bank of Japan July meeting 'Summary of Opinions'

'Summary of Opinions' of the July meeting - The summary precedes the minutes of meetings by many weeks - post is here The Summary is usually quite an easy read. Its presented as a series of bullet points and really is a summary! This I picked out:

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Bank of Japan July meeting 'Summary of Opinions'


Eamonn Sheridan
Tue 27 Jul 2021 23:56:02 GMT
Category: Central Banks
0
'Summary of Opinions' of the July meeting - The summary precedes the minutes of meetings by many weeks - post is here The Summary is usually quite an easy read. Its presented as a series of bullet points and really is a summary! This I picked out:

Asset 24 View More
Tue 27 Jul 2021 21:11:42 GMT

The US Fed's FOMC meeting will be a focus today - preview

The Federal Open Market Committee statement is due at 1800 GMT on Wednesday 28 July 2021  - Powell presser commences at 1830 GMT Asia FX will be taking the opportunity to sit on its hands and watch Olympic action ... 

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The US Fed's FOMC meeting will be a focus today - preview


https://az705044.vo.msecnd.net/20210519/powell-yikes.png Eamonn Sheridan
Tue 27 Jul 2021 21:11:42 GMT
Category: Central Banks
0
The Federal Open Market Committee statement is due at 1800 GMT on Wednesday 28 July 2021  - Powell presser commences at 1830 GMT Asia FX will be taking the opportunity to sit on its hands and watch Olympic action ... 

Asset 24 View More
Tue 27 Jul 2021 21:11:02 GMT

RBA Deputy Governor Guy Debelle spoke overnight - full text

The topic of Debelle's speech was  about the recently completed review and update of the FX Global Code. if you'd like to read it. Full text is here The speech was not about Debelle's outlook for the economy nor policy. 

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RBA Deputy Governor Guy Debelle spoke overnight - full text


Eamonn Sheridan
Tue 27 Jul 2021 21:11:02 GMT
Category: Central Banks
0
The topic of Debelle's speech was  about the recently completed review and update of the FX Global Code. if you'd like to read it. Full text is here The speech was not about Debelle's outlook for the economy nor policy. 

Asset 24 View More
Tue 27 Jul 2021 08:52:26 GMT

ECB's Holzmann: ECB to discuss policy in September alongside forecasts

Holzmann says there is too much uncertainty now for policy decisions A lot will depend on how economic releases play out in the weeks ahead but perhaps more importantly, how the virus trend in Europe is progressing amid the spread of the delta variant. If not September, the ECB will have to communicate something by December the latest.

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ECB's Holzmann: ECB to discuss policy in September alongside forecasts


Justin Low
Tue 27 Jul 2021 08:52:26 GMT
Author: Justin Low
Category: Central Banks
0
Holzmann says there is too much uncertainty now for policy decisions A lot will depend on how economic releases play out in the weeks ahead but perhaps more importantly, how the virus trend in Europe is progressing amid the spread of the delta variant. If not September, the ECB will have to communicate something by December the latest.

Asset 24 View More
Tue 27 Jul 2021 08:21:49 GMT

1

BOJ's Kuroda: BOJ targeting 2% inflation has resulted in Japan no longer being in deflation


Justin Low
Tue 27 Jul 2021 08:21:49 GMT
Author: Justin Low
Category: Central Banks
1
Remarks by BOJ governor, Haruhiko Kuroda

Asset 24 View More
Tue 27 Jul 2021 01:16:35 GMT

PBOC sets USD/ CNY central rate at 6.4734 (vs. yesterday at 6.4763)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.  

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PBOC sets USD/ CNY central rate at 6.4734 (vs. yesterday at 6.4763)


Eamonn Sheridan
Tue 27 Jul 2021 01:16:35 GMT
Category: Central Banks
0
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.  

Asset 24 View More
Mon 26 Jul 2021 22:45:42 GMT

2

US Fed's FOMC meeting begins today. Have members seen the $200 french fries?

The Federal Reserve Federal Open Market Committee meeting is Tuesday 27 July 2021 and Wednesday 28 July 2021.  Meanwhile in NY, on the US $200 plate of french fries (to go along with the burger for $295 and ice cream sundae, a snip at $1,000).

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US Fed's FOMC meeting begins today. Have members seen the $200 french fries?


https://az705044.vo.msecnd.net/20210726/french-fries.png Eamonn Sheridan
Mon 26 Jul 2021 22:45:42 GMT
Category: Central Banks
2
The Federal Reserve Federal Open Market Committee meeting is Tuesday 27 July 2021 and Wednesday 28 July 2021.  Meanwhile in NY, on the US $200 plate of french fries (to go along with the burger for $295 and ice cream sundae, a snip at $1,000).

Asset 24 View More
Mon 26 Jul 2021 22:18:31 GMT

1

Federal Reserve FOMC preview (quick one, spoiler is to expect very little)

The Fed's Federal Open Market Committee meet Tuesday and Wednesday this week.  Earlier posted previews can be found here:

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Federal Reserve FOMC preview (quick one, spoiler is to expect very little)


https://az705044.vo.msecnd.net/20210317/powell-dot-plot.png Eamonn Sheridan
Mon 26 Jul 2021 22:18:31 GMT
Category: Central Banks
1
The Fed's Federal Open Market Committee meet Tuesday and Wednesday this week.  Earlier posted previews can be found here:

Asset 24 View More
Mon 26 Jul 2021 21:17:39 GMT

RBA Dep Gov Debelle is speaking Tuesday (evening Sydney time) on FX

Guy Debelle, Deputy Governor of the Reserve Bank of Australia. Speech topic is - Outcomes of the 3-year review of the FX Global Code  The topic is suggestive of no comments from Debelle on the economy nor monetary policy, but perhaps in any following Q&A.

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RBA Dep Gov Debelle is speaking Tuesday (evening Sydney time) on FX


https://az705044.vo.msecnd.net/20210726/debelle-rba.png Eamonn Sheridan
Mon 26 Jul 2021 21:17:39 GMT
Category: Central Banks
0
Guy Debelle, Deputy Governor of the Reserve Bank of Australia. Speech topic is - Outcomes of the 3-year review of the FX Global Code  The topic is suggestive of no comments from Debelle on the economy nor monetary policy, but perhaps in any following Q&A.

Asset 24 View More
Mon 26 Jul 2021 11:04:49 GMT

BOE's Vlieghe: When tightening becomes appropriate, I suspect not much of it will be needed

Remarks by BOE policymaker, Gertjan Vlieghe - Thinks it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer This doesn't exactly scream much of a hawkish tilt and this just means that we'll likely get more of the same from the BOE going into the August meeting next week.

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BOE's Vlieghe: When tightening becomes appropriate, I suspect not much of it will be needed


Justin Low
Mon 26 Jul 2021 11:04:49 GMT
Author: Justin Low
Category: Central Banks
0
Remarks by BOE policymaker, Gertjan Vlieghe - Thinks it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer This doesn't exactly scream much of a hawkish tilt and this just means that we'll likely get more of the same from the BOE going into the August meeting next week.

Asset 24 View More

BOE's Vlieghe: I think it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer


Justin Low
Mon 26 Jul 2021 11:03:37 GMT
Author: Justin Low
Category: Central Banks
0
Remarks by BOE policymaker, Gertjan Vlieghe

Asset 24 View More
Mon 26 Jul 2021 01:36:14 GMT

Weekend - PBOC orders lenders in Shanghai to raise mortgage loan rates for first-time homebuyers

Reuters had the report on the People's Bank of China orders, citing media reports (China Securities Journal).  - lenders in Shanghai ordered to raise the rate of mortgage loans for first-time homebuyers to 5% from 4.65%

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Weekend - PBOC orders lenders in Shanghai to raise mortgage loan rates for first-time homebuyers


Eamonn Sheridan
Mon 26 Jul 2021 01:36:14 GMT
Category: Central Banks
0
Reuters had the report on the People's Bank of China orders, citing media reports (China Securities Journal).  - lenders in Shanghai ordered to raise the rate of mortgage loans for first-time homebuyers to 5% from 4.65%

Asset 24 View More
Mon 26 Jul 2021 01:16:20 GMT

PBOC sets USD/ CNY reference rate for today at 6.4763 (vs. Friday at 6.4650)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

View More

PBOC sets USD/ CNY reference rate for today at 6.4763 (vs. Friday at 6.4650)


Eamonn Sheridan
Mon 26 Jul 2021 01:16:20 GMT
Category: Central Banks
0
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.

Asset 24 View More
Mon 26 Jul 2021 00:18:24 GMT

A paper on Bank of England digital currency for the UK - nearly unanimous support

The support from a survey conducted on CBDCs is described as 'nearly unanimous'. Its an interesting read, not just for the survey results but as background and an outline of the benefits and risks. 

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A paper on Bank of England digital currency for the UK - nearly unanimous support


Eamonn Sheridan
Mon 26 Jul 2021 00:18:24 GMT
Category: Central Banks
0
The support from a survey conducted on CBDCs is described as 'nearly unanimous'. Its an interesting read, not just for the survey results but as background and an outline of the benefits and risks. 

Asset 24 View More
Sun 25 Jul 2021 23:37:44 GMT

US Fed's Federal Open Market Committee meeting - Goldman Sachs preview

The FOMC meet July 27-28 2021, there will be no Summary of Economic Projections issued at this meeting.  We'll be on the lookout for commentary on the inflation outlook, so far Powell is adamant its transitory. 

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US Fed's Federal Open Market Committee meeting - Goldman Sachs preview


https://az705044.vo.msecnd.net/20190906/powell-zurich-d.png Eamonn Sheridan
Sun 25 Jul 2021 23:37:44 GMT
Category: Central Banks
0
The FOMC meet July 27-28 2021, there will be no Summary of Economic Projections issued at this meeting.  We'll be on the lookout for commentary on the inflation outlook, so far Powell is adamant its transitory. 

Asset 24 View More
Sun 25 Jul 2021 20:48:17 GMT

Two RBA officials speaking Monday 26 July 2021 - unlikely to impact AUD, rates

Two officials from the Reserve Bank of Australia are speaking on payment system matters.  Comments on the economy and or monetary policy are not expected. 

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Two RBA officials speaking Monday 26 July 2021 - unlikely to impact AUD, rates


https://az705044.vo.msecnd.net/20191002/rba.png Eamonn Sheridan
Sun 25 Jul 2021 20:48:17 GMT
Category: Central Banks
0
Two officials from the Reserve Bank of Australia are speaking on payment system matters.  Comments on the economy and or monetary policy are not expected. 

Asset 24 View More
Fri 23 Jul 2021 16:16:36 GMT

3

Weidman: Possible over-extension of ECBs low interest rate environment

ECB Weidman was not on board with the ECB decision yesterday ECBs Weidman is on the wires saying:

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Weidman: Possible over-extension of ECBs low interest rate environment


//az705044.vo.msecnd.net/20210723/2021-07-23_9-15-49.jpg Greg Michalowski
Fri 23 Jul 2021 16:16:36 GMT
Category: Central Banks
3
ECB Weidman was not on board with the ECB decision yesterday ECBs Weidman is on the wires saying:

Asset 24 View More
Fri 23 Jul 2021 09:16:55 GMT

1

ECB's Wunsch: Dissent should not be dramatised

Remarks by ECB policymaker, Pierre Wunsch report He also adds that the central bank is "very far from conditions where we would consider hiking rates", though he's not shying away from calling for QE to end as per the above.

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ECB's Wunsch: Dissent should not be dramatised


Justin Low
Fri 23 Jul 2021 09:16:55 GMT
Author: Justin Low
Category: Central Banks
1
Remarks by ECB policymaker, Pierre Wunsch report He also adds that the central bank is "very far from conditions where we would consider hiking rates", though he's not shying away from calling for QE to end as per the above.

Asset 24 View More
Fri 23 Jul 2021 08:25:52 GMT

ECB survey shows higher growth, inflation in the next two years

ECB releases the findings of its Survey of Professional Forecasters (SPF) Inflation is seen as hitting 1.9% this year, as compared to 1.6% three months ago and 2022 inflation is seen at 1.5% as compared to 1.3% prior.

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ECB survey shows higher growth, inflation in the next two years


//az705044.vo.msecnd.net/20210723/23-7-2021-4-20-23-pm.png Justin Low
Fri 23 Jul 2021 08:25:52 GMT
Author: Justin Low
Category: Central Banks
0
ECB releases the findings of its Survey of Professional Forecasters (SPF) Inflation is seen as hitting 1.9% this year, as compared to 1.6% three months ago and 2022 inflation is seen at 1.5% as compared to 1.3% prior.

Asset 24 View More
Fri 23 Jul 2021 05:51:21 GMT

ECB's Villeroy: Totally justified to keep accommodative policy stance for now

Remarks by ECB policymaker, Francois Villeroy de Galhau September is the next key timeline to watch for any potential shakeup to the PEPP programme but if not, surely we will see something by December.

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ECB's Villeroy: Totally justified to keep accommodative policy stance for now


Justin Low
Fri 23 Jul 2021 05:51:21 GMT
Author: Justin Low
Category: Central Banks
0
Remarks by ECB policymaker, Francois Villeroy de Galhau September is the next key timeline to watch for any potential shakeup to the PEPP programme but if not, surely we will see something by December.

Asset 24 View More
Fri 23 Jul 2021 03:49:09 GMT

1

Fed's Powell rated as the most negative of the last three chairs of the Bank

Reuters report on research using  artificial intelligence and voice analytics that scores current Federal Reserve System Chair Powel the most negative of the ;last 3 chairs. And Yellen having the most neutral tone, and ..

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Fed's Powell rated as the most negative of the last three chairs of the Bank


https://az705044.vo.msecnd.net/20210723/bernanke-yellen.jpg Eamonn Sheridan
Fri 23 Jul 2021 03:49:09 GMT
Category: Central Banks
1
Reuters report on research using  artificial intelligence and voice analytics that scores current Federal Reserve System Chair Powel the most negative of the ;last 3 chairs. And Yellen having the most neutral tone, and ..

Asset 24 View More
Fri 23 Jul 2021 01:16:03 GMT

PBOC sets USD/ CNY reference rate for today at 6.4650 (vs. yesterday at 6.4651)

The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.  

View More

PBOC sets USD/ CNY reference rate for today at 6.4650 (vs. yesterday at 6.4651)


Eamonn Sheridan
Fri 23 Jul 2021 01:16:03 GMT
Category: Central Banks
0
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.   - USD/CNY is permitted to trade plus or minus 2% from this daily reference rate.  

Asset 24 View More

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