Foreign Exchange Insights and Next Week
Next Week’s Menu: July 29 – August 4, 2023
July 28, 2023
Central Banks: Monetary policy reviews scheduled in the U.K., Thailand, Czech Republic, and Australia. Bank of Japan Board minutes, the Reserve Bank of Australia’s quarterly Monetary Policy Statement, and the Bank of England’s quarterly Monetary Policy Report get published. Governor Bailey of the BOE and Governor Lowe of the Reserve Bank of Australia hold press […] More
Central Bank Watch
BOJ Slightly Loosens Enforcement of Yield Curve Control
July 28, 2023
At this month’s scheduled Board meeting, Bank of Japan policymakers sent a mixed message, on the one hand stressing “the Bank needs to patiently continue with monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” but also at last tweaking the rules surrounding its long-term interest rate target with the assertion […] More
New Overnight Developments Abroad - Daily Update
Many Data to Absorb Plus Bank of Japan Finally Modifies Yield Curve Control Parameters
July 28, 2023
At this month’s scheduled Board meeting, Bank of Japan policymakers sent a mixed message, on the one hand stressing “the Bank needs to patiently continue with monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” but also at last tweaking the rules surrounding its long-term interest rate target with the assertion […] More
