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Lorretta Mester is President of the Federal Reserve of Cleveland Earlier remarks: Even more now: And, of course: – there is room on the Fed balance sheet to take more action if needed Official balance sheet policy at the Fed:

The rate cut was expected, 75bp slash by the Banco Central do Brasil. For bank trade ideas, check out eFX Plus

Lorretta Mester is President of the Federal Reserve of Cleveland  Earlier remarks here: Q&A now: – More fiscal support needed, to support states, municipalities and hosueholds

Mester is President of the Federal Reserve in Cleveland, she sees unemployment ending this year at 9% Mester speaking (virtually) to an economic forum  For bank trade ideas, check out eFX Plus

<p>SNB left sight deposit rate unchanged at -0.75% as widely expected. The central bank “remains will to intervene more strongly in the foreign exchange market”. The overall expansionary monetary policy “remains necessary”. Inflation forecast is revised sharply lower. SNB projects inflation to bottom at -1.2% in Q2 202

<p>BoE is widely expected to expand stimulus today, through expansion of the quantitative easing program. The asset purchase target would be increased by GBP 100B to GBP 745B. There are some expectations of further increase later in the second half of the year. Bank rate would be held unchanged at 0.10%. BoE officials have ruled […]

<p>SNB rate decision will be a focus in the markets today. It’s widely expected to keep expansionary monetary policy unchanged. Sight deposit rate should be held at -0.75%. It will also reiterate that “negative interest and interventions are necessary to reduce the attractiveness of Swiss franc investments and thus counteract the

<p>Australia employment contracted -227.7k in May, nearly double of expectation of -125.0k. After the decline, 12.2m people were employment. Full-time jobs dropped -89.1k to 8.54m. Part-time jobs dropped -138.6k to 3.62m. Unemployment rate rose 0.7% to 7.1%, worse than expectation of 7.0%. That’s also the highest level in 19 years since

<p>New Zealand GDP shrank -1.6% qoq in Q1, worst than expectation of -1.0% qoq. That’s also the largest decline in 29% as the initial effects of coronavirus restrictions impacted on economic activity. “The 1.6 percent fall surpassed quarterly falls during the global financial crisis in the late 2000s,” national accounts seni

<p>Cleveland Fed President Loretta Mester said in a speech yesterday that she expected to see “an improvement in the second half of the year as the economy reopens”. However, “it will take quite some time for economic activity and job levels to approach more normal levels”. The improvements will also “vary across