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Author: Justin Low
8

ECB member / Bank of France governor Villeroy continues to speak in London


Well, he sure has a lot to say today. But so far nothing too relevant in my view. His comments on trade earlier can be found here.

But I reckon his comment that the ECB is viewing the Q1 slowdown in the Eurozone economy as temporary is one of the more tell-tale signs that the ECB is planning to shrug off Q1 data points when they meet this Thursday.

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Author: Justin Low

ECB's Villeroy: Q1 slowdown in Eurozone economy could be temporary

Further comments by ECB member Villeroy This seems like it would be the same stance adopted by the ECB and Draghi in Thursday's meeting. But once again as mentioned, if the sluggish data starts to creep into Q2 then it could start to cause some concerns for the ECB moving forward.

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ECB's Villeroy: Q1 slowdown in Eurozone economy could be temporary


Author: Justin Low
Category: Central Banks
0


Further comments by ECB member Villeroy This seems like it would be the same stance adopted by the ECB and Draghi in Thursday's meeting. But once again as mentioned, if the sluggish data starts to creep into Q2 then it could start to cause some concerns for the ECB moving forward.

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EUR/USD falls below Friday's low, what's next?
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Author: Justin Low

PBOC official is said to expect more RRR cuts - report

According to a report by MNI, citing an unidentified PBOC official on the matter The latest set of cuts was announced last week , and was more than economists were expecting this year. But if more cuts are slated to come, it is likely that officials are looking to step up deleveraging efforts and they're doing what they can to ease the burden on banks.

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PBOC official is said to expect more RRR cuts - report


Author: Justin Low
Category: Central Banks
0
According to a report by MNI, citing an unidentified PBOC official on the matter The latest set of cuts was announced last week , and was more than economists were expecting this year. But if more cuts are slated to come, it is likely that officials are looking to step up deleveraging efforts and they're doing what they can to ease the burden on banks.

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Author: Justin Low
4

ECB's Villeroy says diluting financial regulation paves the way for next financial crisis

Comments by ECB member / Bank of France governor Villeroy Villeroy mainly touching on trade issues at the moment. Nothing on monetary policy just yet. It's quite a wonder though that he's able to quantify the impact of the tariffs and trade spat from the US.

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ECB's Villeroy says diluting financial regulation paves the way for next financial crisis


Author: Justin Low
Category: Central Banks
4
Comments by ECB member / Bank of France governor Villeroy Villeroy mainly touching on trade issues at the moment. Nothing on monetary policy just yet. It's quite a wonder though that he's able to quantify the impact of the tariffs and trade spat from the US.

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Author: Justin Low

Heads up on BOE speakers due later in the day

We'll be getting a couple of Bank of England speakers today but none are part of the MPC Here is what's on the agenda: 0700 GMT - BOE PRA head Sam Woods speaks at a breakfast briefing Woods will be speaking in a briefing with the Whitehall & Industry Group. He will be discussing how the BOE pursues its priorities for prudential regulation against a backdrop of change and uncertainty. Not expected to have any monetary policy comments.

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Heads up on BOE speakers due later in the day


Author: Justin Low
Category: Central Banks
0
We'll be getting a couple of Bank of England speakers today but none are part of the MPC Here is what's on the agenda: 0700 GMT - BOE PRA head Sam Woods speaks at a breakfast briefing Woods will be speaking in a briefing with the Whitehall & Industry Group. He will be discussing how the BOE pursues its priorities for prudential regulation against a backdrop of change and uncertainty. Not expected to have any monetary policy comments.

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Author: Eamonn Sheridan

PBOC sets USD/ CNY reference rate for today at 6.3229 (vs. yesterday at 6.3034)

A little weaker fof the onshore yuan again today from the Bank's daily mid rate setting. - Biggest drop for the CNY against the USD in 3 weeks, and also to its weakest in about a month PBOC injects 30bn yuan in open market operations today

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PBOC sets USD/ CNY reference rate for today at 6.3229 (vs. yesterday at 6.3034)


Author: Eamonn Sheridan
Category: Central Banks
0
A little weaker fof the onshore yuan again today from the Bank's daily mid rate setting. - Biggest drop for the CNY against the USD in 3 weeks, and also to its weakest in about a month PBOC injects 30bn yuan in open market operations today

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Author: Eamonn Sheridan

More from RBA's Kent: Next move in interest rates likely to be up, but no hurry

Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent - Fall in the unemployment rate will be only gradual - Next move in interest rates likely to be up, but no rush Those from the Q&A  

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More from RBA's Kent: Next move in interest rates likely to be up, but no hurry


Author: Eamonn Sheridan
Category: Central Banks
0
Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent - Fall in the unemployment rate will be only gradual - Next move in interest rates likely to be up, but no rush Those from the Q&A  

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Author: Eamonn Sheridan

RBA's Kent says the impact from interest only loan expiries likely to be moderate

Christopher Kent, Reserve Bank of Australia Assistant Governor (Financial Markets) speaking on T he Limits of Interest-only Lending - says around A$480 bln interest only loans to expire by 2021 In the search for things to worry about the big lump in interest only housing loans due to expire has reached consciousness, garnering some news and articles etc. The concern is that as lenders switch to principal and interest loans (from interest only) repayments go up  and weigh on household consumption. Also that there will be those on interest only loans that will find difficulty making payments (or even being approved for) principal and interest loans.

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RBA's Kent says the impact from interest only loan expiries likely to be moderate


Author: Eamonn Sheridan
Category: Central Banks
0
Christopher Kent, Reserve Bank of Australia Assistant Governor (Financial Markets) speaking on T he Limits of Interest-only Lending - says around A$480 bln interest only loans to expire by 2021 In the search for things to worry about the big lump in interest only housing loans due to expire has reached consciousness, garnering some news and articles etc. The concern is that as lenders switch to principal and interest loans (from interest only) repayments go up  and weigh on household consumption. Also that there will be those on interest only loans that will find difficulty making payments (or even being approved for) principal and interest loans.

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Author: Eamonn Sheridan

BoC - Poloz and Wilkins are still going .... moar

Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifying before a House Committee Earlier: And, more now: - Still indication of slack in economy in some areas (ps. Poloz spoke about inflation above 2% and how is not worried over the weekend: )

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BoC - Poloz and Wilkins are still going .... moar


Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifying before a House Committee Earlier: And, more now: - Still indication of slack in economy in some areas (ps. Poloz spoke about inflation above 2% and how is not worried over the weekend: )

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Author: Eamonn Sheridan

More from BoC Gov Poloz: Stats on job vacancies a symptom of strong labour market

Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifyining before a House Committee Greg had earlier comments here: More following now:

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More from BoC Gov Poloz: Stats on job vacancies a symptom of strong labour market


Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are testifyining before a House Committee Greg had earlier comments here: More following now:

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Author: Greg Michalowski

Headlines from Q&A of BOC Gov. Poloz and Sen. Deputy Gov. Wilkins

Testimony  - Economy is about 50% more sensitive to interest rates - We believe investment in oil sector will remain flat - drop in housing from pull-forward effect to reverse

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Headlines from Q&A of BOC Gov. Poloz and Sen. Deputy Gov. Wilkins


Author: Greg Michalowski
Category: Central Banks
0
Testimony  - Economy is about 50% more sensitive to interest rates - We believe investment in oil sector will remain flat - drop in housing from pull-forward effect to reverse

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Author: Greg Michalowski

BOC Poloz: Inflation is on target. BOC will remain cautious on rates.

Prepared remarks as he begins testifying at House Committee Headlines from the Poloz testimony:  USDJPY trading at 1.2843 at start of testimony Below is the link to the opening statement before the House of Commons standing committee on finance:  

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BOC Poloz: Inflation is on target. BOC will remain cautious on rates.


Author: Greg Michalowski
Category: Central Banks
0
Prepared remarks as he begins testifying at House Committee Headlines from the Poloz testimony:  USDJPY trading at 1.2843 at start of testimony Below is the link to the opening statement before the House of Commons standing committee on finance:  

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Author: Adam Button
1

BOJ's Kuroda: Excessive rate hikes are a risk to global economy

More Kuroda on CNBC - Trade is the biggest risk right now - The is no predetermined kind of economic cycle - Naturally the recovery pace from a crisis is slower CNBC is showing the interview in parts. More will come later.

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BOJ's Kuroda: Excessive rate hikes are a risk to global economy


Author: Adam Button
Category: Central Banks
1
More Kuroda on CNBC - Trade is the biggest risk right now - The is no predetermined kind of economic cycle - Naturally the recovery pace from a crisis is slower CNBC is showing the interview in parts. More will come later.

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Author: Adam Button
1

BOJ's Kuroda: Risks are tilted to the downside on inflation

Kuroda comments on CNBC - We're still a long ways from 2% inflation - Accommodative policy must continue USD/JPY is at the highs of the day, up 70 pips to 108.43.

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BOJ's Kuroda: Risks are tilted to the downside on inflation


Author: Adam Button
Category: Central Banks
1
Kuroda comments on CNBC - We're still a long ways from 2% inflation - Accommodative policy must continue USD/JPY is at the highs of the day, up 70 pips to 108.43.

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Author: Adam Button
8

BOJ's Kuroda: I don't understand why Japanese yen is seen as a safe haven

Kuroda speaking on CNBC The comment was from a teaser for an interview on CNBC that will be broadcast shortly.

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BOJ's Kuroda: I don't understand why Japanese yen is seen as a safe haven


Author: Adam Button
Category: Central Banks
8
Kuroda speaking on CNBC The comment was from a teaser for an interview on CNBC that will be broadcast shortly.

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Author: Justin Low
4

Bundesbank report: German boom to continue despite weaker Q1 growth

Germany's central bank releases its monthly report Still ever the optimist it seems. You have to wonder how much more of a slowing down in economic data will only start to change their view.

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Bundesbank report: German boom to continue despite weaker Q1 growth


Author: Justin Low
Category: Central Banks
4
Germany's central bank releases its monthly report Still ever the optimist it seems. You have to wonder how much more of a slowing down in economic data will only start to change their view.

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Author: Justin Low

Fed's Williams: Too early to say if there is a serious risk of trade war

San Fransisco Fed head John Williams spoke to El Pais newspaper On Friday, he that he sees continued rate increases by the Fed and in an interview with Spain's ABC newspaper he also mentioned that it makes sense for the Fed to keep raising rates.

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Fed's Williams: Too early to say if there is a serious risk of trade war


Author: Justin Low
Category: Central Banks
0
San Fransisco Fed head John Williams spoke to El Pais newspaper On Friday, he that he sees continued rate increases by the Fed and in an interview with Spain's ABC newspaper he also mentioned that it makes sense for the Fed to keep raising rates.

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Author: Eamonn Sheridan

Japan press: Bank of Japan shows signs of

This via Nikkei over the weekend, on the bojjBank of Japan ETF buys  Article is here for more

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Japan press: Bank of Japan shows signs of


Author: Eamonn Sheridan
Category: Central Banks
0
This via Nikkei over the weekend, on the bojjBank of Japan ETF buys  Article is here for more

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Author: Eamonn Sheridan
1

More on the MXN intervention story from earlier

Headline comments from Banco de México (Banxico) Governor Alejandro Diaz de Leon earlier are here: - Mexican central bank head says MXN sell-off does not warrant intervention More detail following now via Bloomberg:

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More on the MXN intervention story from earlier


Author: Eamonn Sheridan
Category: Central Banks
1
Headline comments from Banco de México (Banxico) Governor Alejandro Diaz de Leon earlier are here: - Mexican central bank head says MXN sell-off does not warrant intervention More detail following now via Bloomberg:

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Author: Eamonn Sheridan
1

Heads up for CAD traders - BoC Gov. Poloz speaking Monday

Coming up at 1930GMT on Monday 23 April 2018, Bank of Canada Governor Poloz along with deputy Wilkins testify - At the House Standing committee on Finance On the weekend Poloz had a chat with journalists while in Washington:

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Heads up for CAD traders - BoC Gov. Poloz speaking Monday


Author: Eamonn Sheridan
Category: Central Banks
1
Coming up at 1930GMT on Monday 23 April 2018, Bank of Canada Governor Poloz along with deputy Wilkins testify - At the House Standing committee on Finance On the weekend Poloz had a chat with journalists while in Washington:

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Author: Eamonn Sheridan

Survey of UK households show expectations for a BoE May rate hike falling

ArticleBody This is the  IHS Markit Household Finance Index, report rtrsReuters :: - 28 percent of Britons expected the BoE to raise rates over the next three months, down from 33 percent in March 

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Survey of UK households show expectations for a BoE May rate hike falling


Author: Eamonn Sheridan
Category: Central Banks
0
ArticleBody This is the  IHS Markit Household Finance Index, report rtrsReuters :: - 28 percent of Britons expected the BoE to raise rates over the next three months, down from 33 percent in March 

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Author: Eamonn Sheridan

PBOC sets USD/ CNY reference rate for today at 6.3034 (vs. Friday at 6.2897)

CNY set a little weaker against the USD today by the People's Bank of China  - PBOC inject 80bn yuan through 7-day reverse repos in open market operations (OMOs) today

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PBOC sets USD/ CNY reference rate for today at 6.3034 (vs. Friday at 6.2897)


Author: Eamonn Sheridan
Category: Central Banks
0
CNY set a little weaker against the USD today by the People's Bank of China  - PBOC inject 80bn yuan through 7-day reverse repos in open market operations (OMOs) today

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Author: Eamonn Sheridan
1

Weekend comments from BOJ's Kuroda on continuing with accommodative policy

Bank of Japan Governor Haruhiko Kuroda gave an interview to CNBC over the weekend And, there you go - no surprises from Kuroda .... there rarely is , and more up if you are interested

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Weekend comments from BOJ's Kuroda on continuing with accommodative policy


Author: Eamonn Sheridan
Category: Central Banks
1
Bank of Japan Governor Haruhiko Kuroda gave an interview to CNBC over the weekend And, there you go - no surprises from Kuroda .... there rarely is , and more up if you are interested

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Author: Eamonn Sheridan
1

Weekend CAD comments - BOC Gov Poloz says not worried about above target inflation

Bank of Canada Governor Stephen Poloz speaking on Saturday in Washington to reporters Said BoC has a 1 to 3% range for inflation and does not mechanically raise interest rates when inflation goes above 2% target

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Weekend CAD comments - BOC Gov Poloz says not worried about above target inflation


Author: Eamonn Sheridan
Category: Central Banks
1
Bank of Canada Governor Stephen Poloz speaking on Saturday in Washington to reporters Said BoC has a 1 to 3% range for inflation and does not mechanically raise interest rates when inflation goes above 2% target

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Author: Eamonn Sheridan

ECB's Villeroy on trade protectionism - biggest risk ahead in medium term

François Villeroy de Galhau is Governor of the Banque de France Speaking with local media (Le Figaro newspaper) Says trade protectionism is a big risk in medium term

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ECB's Villeroy on trade protectionism - biggest risk ahead in medium term


Author: Eamonn Sheridan
Category: Central Banks
0
François Villeroy de Galhau is Governor of the Banque de France Speaking with local media (Le Figaro newspaper) Says trade protectionism is a big risk in medium term

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