Blogs

Comments by ECB governing council member, Pablo Hernandez de Cos – The shock from the coronavirus crisis will last longer than initially expected – ECB has to act to avoid fragmentation among Eurozone countries ECB policymakers continue to hammer home the point that they have been left out to dry by political leaders as they […]

Comments by the German central bank in its monthly report Later this week we will be getting the May preliminary PMI reports from the euro area and they should reflect a decent improvement relative to the historically low figures from April.

Comments by the managing director of the ESM, Klaus Regling See here for global coronavirus case data In any case, the yields spread between Italian and German bonds have remained somewhat calmer through all of this in recent sessions, and that argues that this issue isn't quite what is going to be moving the market […]

Further comments by ECB chief economist, Philip Lane – ECB is careful to remain a good distance from monetary financing – Unlikely economic activity will return to pre-crisis level before 2021 See here for global coronavirus case data

Comments by ECB chief economist, Philip Lane – ECB has done a lot already in terms of coronavirus response – ECB is continuously monitoring the situation – Stands ready to adjust all instruments if necessary See here for global coronavirus case data

The minutes of the May 2020 Reserve Bank of Australia monetary policy meeting are published on Tuesday 19 May 2020 at 0130GMT At that meeting  – the cash rate was left unchanged unchanged at 0.25%. On the Friday following the meeting the quarterly SoMP provided updated forecasts – indicating little prospect of moving toward tar

While the range for the Australian dollar on the session is not large its moving to a high for the day Apart from the info already posted today ond over the weekend there is nothing new, except ….

People's Bank of China  PBOC to skip OMOS today   Earlier: See here for global coronavirus case data

A long USD against the yuan recommendation from a weekly note from Danske In brief, reasoning: – US-China trade deal was dead from the outset, but no one had an incentive to reveal it until after the US election.  I ek to expect the yuan to continue relatively stable into and through the meetings. Following […]

Chair of the Federal Reserve system Powell is to on US TV show "60 Minutes" – 20 to 25% peak unemployment rate is about what to expect On rates: On doing more: