Blogs

Reserve Bank of Australia  Headlines via Reuters  Full text here  More: Nothing much in this lot that is not already known, a decent summary of where we are at. Not much to inspire confidence on what is ahead. RBA in watching mode, they will do more if needed. 

People's Bank of China  See here for global coronavirus case data

Reserve Bank of New Zealand Assistant Governor Hawkesby  – Sees no need to adjust stimulus after the government budget – fiscal stimulus is in the same ballpark as the RBNZ assumption Speaking in an interview, headlines via Bloomberg 

Reserve Bank of New Zealand  Deputy Governor Bascand  – says could extend and expand asset purchase programme further – will see how data plays and provide more stimulus if needed   more to come  

RBA May meeting minutes are due at 0130GMT on Tuesday 19 May 2020.  I posted a preview here yesterday: The minutes have pretty much been superseded by the Statement on Monetary Policy that followed the meeting on Friday May 8. The SoMP updated forecasts for the economy.  

Chair of the Federal Reserve Powell comments from text prepared for his hearing before the Senate Banking Committee. Nothing new from Powell in these remarks.

ECB Lagarde ECB's Lagarde and her predecessor Mario Draghi has been urging more fiscal measures.   Today with the German Franco proposal, there is hope for some needed fiscal action.  

Fed's Bostic speaking an virtual talk on the economy See here for global coronavirus case data

BOEs Tenreyro is a dove BOE's Tenreyro is on the wires saying: See here for global coronavirus case data

What's moving markets to start the week See here for global coronavirus case data