Blogs

EUR/USD  USD/JPY See here for global coronavirus case data

Fed announces expected weekly asset purchases for next week The Fed will also purchase up to 25 billion and agency MBS next week

And why not? The Fed will proceed with the 2020 bank stress tests and conduct additional sensitivity analysis to reflect current economic and banking conditions.

NY Fed Nowcast plunges to -31.22% after jobs report We have not been posting the Atlanta Fed or NY Fed's guesstimates for 2Q GDP growth, because they were using old data, the models may not be calibrated to the new numbers from the shut down, and as a result, the numbers did not mean much. […]

Comments by ECB president, Christine Lagarde – There should be no unique constraints on ECB policy response – A common European fiscal response is highly desirable See here for global coronavirus case data

'At the moment' Robertson on comments from Reserve Bank of New Zealand  governor Orr a couple of weeks ago saying he would not be bothered by debt monetisation.

Reserve Bank of Australia Statement on Monetary Policy for May 2020 Once again the Bank reiterates it will not raise the cash rate ahead of progress being made on its employment and inflation targets 

People's Bank of China  Skips Open market operations today     See here for global coronavirus case data

CSJ flagging further easing measures from the People's Bank of China to come Options under consideration at the Bank: – cut the RRR – Lower the MLF rate – 'Lower the rate on reverse reops 

Earlier from Harker is here:  QnA Q&A comments now – not all jobs lost in the pandemic will come back – post-crisis churn in labor market might be pretty dramatic