Blogs

BOJ governor, Haruhiko Kuroda, remarks – Can also increase market operation tools if needed – BOJ will take steps deemed most appropriate at the time – Japanese economy will be in a severe state for the time being See here for global coronavirus case data

Speech by Governor Kuroda via Webcast Hosted by the Naigai Josei Chosa Kai (Research Institute of Japan) in Tokyo  – Novel Coronavirus (COVID-19): Economic and Financial Developments and the Responses Taken by the Bank of Japan)   

People's Bank of China    Still to come: See here for global coronavirus case data

CNY 200bln of MLFs mature today  – Hint from traders is the PBOC will conduct an MLF on the session today – Eyes will be peeled for a potential cut on the rate (ip to 20bpos)  

Mnuchin in an interview with Fox – says Q2 will be a bad quarter for the economy – better quartes will come – next year we'll be back to having a great economy Does not say what he spoke about with Powell

Dude is bankrupt in so many ways, of course he does! – says he likes negative interest rates  – disagrees with Powell on negative rates – says should reopen schools (ps. that squishy sound you hear is Fauci being thrown under the bus) 

Orr has said this before, debt monetisation. I just posted on it here in reference to the Bank of England  Anyway, back to Orr: – does not rule out direct purchase of government bonds That last comment, Orr is being remarkably honest for a central banker. 

Bank of England Governor Andrew Bailey was interviewed on TV (ITV) – Says the BOE stands ready to help finance the Government's spending  Like other DM central banks the BoE buys government debt on the secondary market. If, on the other hand, the Bank buys direct from the government as Bailey seems to be alluding […]

Reserve Bank of New Zealand  Governor Orr speaking in front of a parliament committee Following yesterday's policy announcement: Orr: – monetary policy is playing a role by keeping interest rates low for the foreseeable future

Reserve Bank of New Zealand Governor Orr will be appearing at a committee in parliament from 2010GMT. Yesterday was the RBNZ monetary policy decision: Orr will be speaking on this. He is likely to add similar remarks to he those he made yesterday at his news conference.