Blogs

Dallas Fed Pres. Robert Kaplan, it's an interview on CNN – I would be against negative interest rates – Negative interest rates would impact intermediaries, money market funds Fed's Kaplan is a voting member on the FOMC board this year. 

Fed's Bullard discusses economic outlook in a virtual discussion – Fed programs had clear announcement effect on markets – Fed's dollars swamplands also helped to calm markets Fed's Bullard has been an advocate of restoring the economy before the economic impact becomes too dire. In that respect the sides more with Pres.

There will be quite a few names on the agenda in the session ahead here We'll be kicking things off with Bullard and Kashkari at 1300 GMT before wrapping things up later in the day with Mester at 2100 GMT. As we have seen with and yesterday, the main theme seems to be pushing back

The push back by the ECB against the German court ruling continues – EU fiscal response to the crisis is inadequate – EU governments are not matching the ECB's efforts See here for global coronavirus case data

Comments by BOE policymaker, Ben Broadbent – Monetary policy committee is prepared to do what's necessary – Keeping all policy tools under review – There is a risk that too low rates does more harm than good See here for global coronavirus case data

Citigroup says the ECB will use up its €750 billion total by early September h/t @ fwred (Frederik Ducrozet) As such, Citigroup has revised its estimate – previously mid-October – to see the ECB reaching the €750 billion total by early September instead, assuming the current pace from last week is maintained throughout (the

That compares with the 32% drop in activity seen in the second half of March The central bank's comments for economic activity last month can be found . here

Bank of Japan Governor Kuroda: – BOJ has various tools at its disposal if it were to ease, including expanding supply of money, increasing market operation tools and cutting rates Senior BOJ official:, Executive Director Uchinda

BOJ ready to do whatever it can to beat crisis, cooperating with govt – most important task for BOJ is to smooth corporate funding, stabilise markets – don't think we need to worry about sharp credit contraction in Japan as banks have sufficient buffers

People's Bank of China sets the mid rate substantially weaker for the onshore yuan  Skips Open market operations today.  See here for global coronavirus case data