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The Reserve Bank of New Zealand 's 'Sectoral Factor Model Inflation Gauge' is one of the bank's preferred measures of core inflation Comes in at 1.7% y/y for Q1 2020

Reserve Bank of Australia Governor Lowe spoke with Australian TV,  ABC, to be aired later Monday. Lowe: – "we shouldn't be worried" about government debt Lowe gave the government early warning of his moves in March:

China 1 and 5 year loan prime rates setting from the  People's Bank of China  After the MLF rate (the one year lending rate) was cut last week this was expected. 

People's Bank of China onshore yuan mid rate setting  See here for global coronavirus case data

I posted on this earlier, here: Heads up for NZ inflation data due at 2245GMT – also China loan rates setting due today ICYMi: 0130 GMT China 1 and 5 year loan prime ratesThe expectations for a rate cut today are based on the PBOC providing further support for the economy, which has been hit […]

European Central Bank and European Commission officials are pondering a eurozone bad bank to remove non-performing loans (NPLs) from banks balance sheets. – plan to deal with debts left over from the 2008 financial crisis The , may  be gated 

<p>In non-seasonally adjusted terms, Japan’s exports dropped a massive -11.7% yoy in March while imports dropped -5.0% yoy. Trade surplus came in at just JPY 4.95B. The contraction in export was the worst since July 2016 as shipments to major destinations like China, US and EU were choked by the coronavirus pandemic. The impact will [&h

<p>RBA Governor Philip Lowe told ABC News that the coronavirus pandemic was “going to be perhaps a once-in-a-lifetime event” and it “required a truly extraordinary response”. “I didn’t think in my term of governor, I’d be buying AUD 40 billion of government bonds, which we’ve done in the past fe

<p>New Zealand CPI rose accelerated to 0.8% qoq in Q1, up from Q4&#8217;s 0.5% qoq, well above expectation of 0.3% qoq. Annual inflation rate rose to 2.5% yoy, highest since 2011. Impact of coronavirus pandemic was not much reflected in the data yet as lockdown measures started on March 25. Separately released, RBNZ&#8217;s own core [

<p>Markets are rather quiet in Asia today. Nikkei is pressured after poor trade data from Japan. But movements in other major Asian centers are muted. New Zealand Dollar appears to be lifted by the country&#8217;s plan to exit top level lockdown. Dollar is currently the second strongest. On the other hand, Canadian dollar is the […