Blogs

Comments from Lane Lane is speaking at a virtual conference. I'll keep an eye out for more. See here for global coronavirus case data

Reuters reports, citing four sources on the matter In the worst-case scenario, the ECB would likely launch infringement procedures against the Bundesbank if it stops buying bonds under the QE program.

Comments by BOE chief economist, Andy Haldane – UK economy probably shrank by more than 20% in Q2 – Surveys show some stabilisation; modest recovery in spending, business sentiment See here for global coronavirus case data

Haldane will be participating in a webinar discussion hosted by the CBI See here for global coronavirus case data It is expected to run through from 0900 GMT to 0945 GMT. For those interested, you can register to listen to the commentary .

Comments by ECB governing council member, Francois Villeroy de Galhau – PEPP is a 'masterpiece' of strong ECB reaction – ECB can be even more open in PEPP flexibility See here for global coronavirus case data

Both will appear to deliver testimony in parliament's Standing Senate Committee on National Finance – at 5pm ET, which is 2100GMT – opening statement  On Wednesday the BoC enters its 'blackout period' ahead of the policy meeting on June 3 (ps. this will Poloz' last, new governor Macklem will be in t

You might recall ECB head (at the time) Draghi saying the Bank would do 'whatever it takes' 'Doing 'whatever it can' dos not have the same ring to it though. Kuroda:

Onshore yuan central parity rate setting from the People's Bank of China  PBOC to inject 10bn yuan via OMOs today.  – in 7 day RRs – first time in 37 days the PBOC have used OMOs 

Kuroda speaking in parliament  – Japan's economy likely to remain in severe state, prices to remain on weak note due to pandemic impact, falling oil costs Full text of Kuroda's

People's Bank of China Governor says: – will strengthen macroeconomic policy  more to come   See here for global coronavirus case data