Central Banks

Comments by ECB governing council member, Benoit Coeure ECB stands ready to adjust all of its instruments as appropriate Need to ensure inflation continues to move towards target Economic data, survey information points to somewhat weaker growth in Q2, Q3 Risks surrounding euro area growth outlook continue to be tilted to the downside Underlying inflation
People’s Bank of China adds funds into markets in China A one year medium term lending facility operation 200bn yuan rate 3.3%, unchanged from the previous  Accompanying this today is phase three of cuts to the RRR reserve requirement ratio lowered for  county-level rural commercial bank worth about 100 bln yuan in long-term capital release
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This from the Global Times, a commentary piece on US Federal Reserve Chairman Jerome Powell’s testimony: signalled that the Fed would likely cut interest rates Being the Global Times they couldn’t help themselves. adding: It’s highly unusual for the Fed to lower interest rates at a time when the economy has been growing quickly and unemployment
Lael Brainard is on the Fed’s Board of Governors  Headlines from remarks prepared for delivery to the Community Bankers Roundtable in Scranton, Pennsylvania: says downside risks, soft inflation argue for easing monetary policy says judgment on appropriate path of rates will depend on evolution of data, risks says economy is growing solidly says financial markets
The Bank of Canada July Monetary Policy statement and following press conference was Wednesday. (Press conference led by BoC Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins) In case you cannot find the reports in amongst the blanket coverage of Fed Chair Powell/FOMC minutes/Bullard I’ve collated the posts on CAD and the BoC from Greg