Archive for July 16th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: July 17 – 23, 2021

July 16, 2021

Central Banks: Monetary policies will be reviewed by the European Central Bank and central banks in Indonesia, Russia, South Africa, China, and Ukraine. Prior meeting minutes will be published by the Reserve Bank of Australia and Bank of Japan. Bank of England MPC member Haskel will be speaking publicly. Event and Holidays: EU finance ministers […] More

Central Bank Watch

Bank of Japan Policy Review

July 16, 2021

The Bank of Japan’s policy settings will remain at -0.1% on the short-term interest rate, around zero percent on the 10-year JGB yield to be maintained by purchasing “a necessary amount of Japanese government bonds (JGBs) without setting an upper limit.” Policy Board member Kataoka dissented in favor of augmenting policy stimulus, as he has […] More

New Overnight Developments Abroad - Daily Update

U.S. Retail Sales, New BOJ Forecasts, and Some Euroland Data

July 16, 2021

Among today’s awaited events, U.S. retail sales will be reported within the half hour. Meantime, the Bank of Japan Board left policy settings unchanged and released new macro-economic forecasts. BOJ Governor Kuroda said economic activity will remain low for the time being as a result of the need for enhanced Covid restrictions. Revised Euroland CPI […] More