Foreign Exchange Insights and Next Week
Next Week’s Menu: June 17 – 23, 2023
June 16, 2023
Central Banks: The Bank of England is expected to raise its bank rate Thursday by 25 basis points. Other central banks reviewing policy stances during the period include those in China, Hungary, Brazil, Norway, Switzerland, Mexico, the Philippines, and the Czech Republic. Minutes from a past Bank of Japan Board meeting will be published. Fed […] More
Central Bank Watch
Bank of Japan Unanimously Holds its Ground
June 16, 2023
The Bank of Japan’s Board decision not to change policy settings at this week’s now-completed two-day scheduled review was made unanimously. Previously chronic dissenters on the Board have departed as a result of a recent shuffling that also coincided with retiring governor Haruhiko Kuroda being replaced by Kazuo Ueda. In press conference Q&A, Ueda stressed […] More
New Overnight Developments Abroad - Daily Update
Bank of Japan Remains Out of Step with Other Central Banks
June 16, 2023
In a week when the European Central Bank tightened its stance, the Federal Reserve paused but signaled more tightening in the future, and the Bank of Japan reaffirmed a need to maintain its ultra-accommodative stance known as quantitative and qualitative easing with yield curve control, the dollar has risen 1.1% against the yen but also […] More
