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<ul><li>Too early to celebrate victory over inflation</li><li>Still a little bit to go to reach 2% inflation target</li></ul><p>This reaffirms the report from after the meeting <a href="https://www.forexlive.com/centralbank/ecb-sources-are-united-on-forecasting-rate-cuts-later-than-the-market-bets-2

<p>Goldman Sachs does not appear to be convinced by Bank of England Governor Bailey's attempt at continued hawkishness on Thursday:</p><p>Justin had the news on the Bank of England maintaining its policy rate at 5.25%, which was as expected:</p><ul><li><a href="https://www.forexlive.com/centralbank/b

<p>Deutsche Bank response to the FOMC/Dots/Powell presser on Wednesday is a note titled: “December FOMC: Powell breaks out punchbowl early at the holiday party.”</p><p>Says the new developments don't impact their base case for rate cuts next year:</p><ul><li>Powell’s dovish tone Wednesday increases the proba

<p>Via the latest Reuters poll on the Bank of Japan outlook, main points:</p><ul><li>BoJ will begin to unwind ultra-loose monetary policy in January, 21% of economists say. </li><li>BoJ will end negative interest rates in 2024, 84% of economists say in their end-quarter forecast; from 71% in Nov poll and 54% in O

<p>Via analysis from WPAC in New Zealand, their outlook for the Reserve Bank of New Zealand next year and into 205:</p><ul><li>We no longer expect the RBNZ to increase the OCR in 2024. Recent data highlights a noticeably weaker starting point for GDP and inflation which will likely see the RBNZ revert to their forecasts of [

<p>Former Dallas Federal Reserve President Robert Kaplanspoke in an interview with US media, CNBC, on Thursday. </p><p>Kaplan spoke about Powell's less-than-hawkish press conference:</p><ul><li>“This was a conversation destined to happen. He had to preview it at some time, and chose yesterday”</li><

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>The People's Bank of China will be setting its Medium-term Lending Facility (MLF) rate today. </p><ul><li> the interest rate on the MLF loans currently stands at 2.5%</li><li>650 billion yuan ($91.11 billion) worth of the MLF loans mature today and the Bank is expected to inject a greater amount than this

<p>BlackRock's investment arm is quite vague on when the expect the first, and subsequent, rate cuts coming from the Federal Reserve's Federal Open Market Committee (FOMC), saying only "around the end of the spring into the summer".</p><p>Bank analysts have been more precise:</p><p>Goldman Sachs exp