Author:

Author: Justin Low

Fed chair Jerome Powell said to have tapped monetary policy specialists Jon Faust and Antulio Bomfim to serve as senior advisers


According to the Wall St Journal, citing people familiar with the matter.

They would be the first appointments made by Powell since he took over as Fed chair two weeks ago.

The report details that Jon Faust - who is a professor at John Hopkins University - will advise Powell on a part-time basis. Faust has also previously served as a senior adviser to Bernanke and Yellen from 2012 to 2014.

Meanwhile, Bomfim will serve as a special adviser to Powell. He has previously served as an economist to the Fed from 1992 to 2003 and returned to the Fed as a senior adviser back in 2016.

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Author: Eamonn Sheridan
1

Bloomberg survey of economists on Kuroda's reappointment, and on a problem for the BOJ

A Bloomberg survey of 26 economists following the nomination of Kuroda to head the Bank of Japan again  (and new deputies Masayoshi Amamiya and Masazumi Wakatabe)

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Bloomberg survey of economists on Kuroda's reappointment, and on a problem for the BOJ


Author: Eamonn Sheridan
Category: Central Banks
1


A Bloomberg survey of 26 economists following the nomination of Kuroda to head the Bank of Japan again  (and new deputies Masayoshi Amamiya and Masazumi Wakatabe)

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Video: The 3 big problems in the world
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Author: Eamonn Sheridan
1

AUD traders - heads up for RBA minutes due Tuesday, what to expect

There is not expected to be too much added information from the Reserve Bank of Australia Board minutes for the February meeting due at 0030 GMT on Tuesday 20 Feb. 

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AUD traders - heads up for RBA minutes due Tuesday, what to expect


Author: Eamonn Sheridan
Category: Central Banks
1
There is not expected to be too much added information from the Reserve Bank of Australia Board minutes for the February meeting due at 0030 GMT on Tuesday 20 Feb. 

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Author: Eamonn Sheridan
2

Weekend - ECB governing council member detained in graft enquiry

The Governor of Latvia's central bank, Ilmars Rimsevics, has been detained by the country's anti-graft bureau There are not a lot of details, - was detained at 6.15 pm local time (1615 GMT) on Saturday Something to keep an eye on for the euro. I suspect any impact would be minor, if at all, but I dunno

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Weekend - ECB governing council member detained in graft enquiry


Author: Eamonn Sheridan
Category: Central Banks
2
The Governor of Latvia's central bank, Ilmars Rimsevics, has been detained by the country's anti-graft bureau There are not a lot of details, - was detained at 6.15 pm local time (1615 GMT) on Saturday Something to keep an eye on for the euro. I suspect any impact would be minor, if at all, but I dunno

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Author: Mike Paterson
5

Coeure says ECB interest rates will not rise before bond-buying ends

ECB board member Coeure just out with a few comments 16 Feb - ECB gov council unanimous on policy sequence - ECB will discuss policy language in early 2018 - sees no reason for EZ concern over market slump All repeated mantra. Ntg to set tongues wagging or prices moving.

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Coeure says ECB interest rates will not rise before bond-buying ends


Author: Mike Paterson
Category: Central Banks
5
ECB board member Coeure just out with a few comments 16 Feb - ECB gov council unanimous on policy sequence - ECB will discuss policy language in early 2018 - sees no reason for EZ concern over market slump All repeated mantra. Ntg to set tongues wagging or prices moving.

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Author: Eamonn Sheridan

Goldman Sachs on renomination of Kuroda as BOJ head - current policy to remain

Goldman Sachs on the moves for the Bank of Japan announced today  H/t to Zero Hedge for this quote  I reckon GS are right (I said so earlier: ) which is probably why I'm posting this.

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Goldman Sachs on renomination of Kuroda as BOJ head - current policy to remain


Author: Eamonn Sheridan
Category: Central Banks
0
Goldman Sachs on the moves for the Bank of Japan announced today  H/t to Zero Hedge for this quote  I reckon GS are right (I said so earlier: ) which is probably why I'm posting this.

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Author: Eamonn Sheridan

Japan govmt nominates Kuroda for BOJ Governor

Nikkei reports the Japanese government has nominated current governor Kuroda for another term  good call! Deputy governors also nominated by the government

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Japan govmt nominates Kuroda for BOJ Governor


Author: Eamonn Sheridan
Category: Central Banks
0
Nikkei reports the Japanese government has nominated current governor Kuroda for another term  good call! Deputy governors also nominated by the government

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Author: Eamonn Sheridan

Japan govt nominates two new Deputy BOJ governors

Bank of Japan's Executive Director Masayoshi Amamiya to be one of them ---

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Japan govt nominates two new Deputy BOJ governors


Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Japan's Executive Director Masayoshi Amamiya to be one of them ---

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Author: Eamonn Sheridan

BOJ's Kuroda - Maintaining easing for time being

Bank of Japan Governor Kuroda appearing in parliament - Not yet in situation where BOJ can offer plan on how and when to exit ultra-easy policy - Must maintain powerful easing for the time being More:

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BOJ's Kuroda - Maintaining easing for time being


Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Japan Governor Kuroda appearing in parliament - Not yet in situation where BOJ can offer plan on how and when to exit ultra-easy policy - Must maintain powerful easing for the time being More:

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Author: Eamonn Sheridan
1

RBA's Lowe says would prefer a lower AUD to higher

Reserve Bank of Australia Governor Lowe appearing in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - On a trade weighted basis the AUD is manageable  AUD still barely moving

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RBA's Lowe says would prefer a lower AUD to higher


Author: Eamonn Sheridan
Category: Central Banks
1
Reserve Bank of Australia Governor Lowe appearing in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - On a trade weighted basis the AUD is manageable  AUD still barely moving

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Author: Eamonn Sheridan

RBA's Lowe (more): Energy prices an issue for Australia - having an effect on economy

Reserve Bank of Australia Governor Lowe appearing in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) More from Q&A:

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RBA's Lowe (more): Energy prices an issue for Australia - having an effect on economy


Author: Eamonn Sheridan
Category: Central Banks
0
Reserve Bank of Australia Governor Lowe appearing in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) More from Q&A:

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Author: Eamonn Sheridan
3

Rate hike from ECB expected ... in mid-2019 (poll of economists)

Reuters poll of economists  If you are sitting on the edge of your chair awaiting an ECB rate hike, go and have a cup of tea - there is plenty of time according to economists. As for an end to ECB QE ... coming in December they say.

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Rate hike from ECB expected ... in mid-2019 (poll of economists)


Author: Eamonn Sheridan
Category: Central Banks
3
Reuters poll of economists  If you are sitting on the edge of your chair awaiting an ECB rate hike, go and have a cup of tea - there is plenty of time according to economists. As for an end to ECB QE ... coming in December they say.

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Author: Eamonn Sheridan
12

RBA's Lowe says the outlook for US budget deficits is very problematic

Reserve Bank of Australia Governor Lowe in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Q&A  - outlook for US budget deficits is very problematic The subtext to this is that to the extent the reckless fiscal profligacy in the US is leading to a weaker USD its pushing up the AUD/USD and that is troubling to Lowe

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RBA's Lowe says the outlook for US budget deficits is very problematic


Author: Eamonn Sheridan
Category: Central Banks
12
Reserve Bank of Australia Governor Lowe in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Q&A  - outlook for US budget deficits is very problematic The subtext to this is that to the extent the reckless fiscal profligacy in the US is leading to a weaker USD its pushing up the AUD/USD and that is troubling to Lowe

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Author: Eamonn Sheridan

Yen traders note - BOJ Gov Kuroda to speak today (from 0100 GMT)

Bank of Japan Governor Kuroda appearing in parliament this morning in Tokyo - from 10am Tokyo time - Which is 0100 GMT  Bank of Japan's Executive Director Masayoshi Amamiya will also be answering questions in parliament

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Yen traders note - BOJ Gov Kuroda to speak today (from 0100 GMT)


Author: Eamonn Sheridan
Category: Central Banks
0
Bank of Japan Governor Kuroda appearing in parliament this morning in Tokyo - from 10am Tokyo time - Which is 0100 GMT  Bank of Japan's Executive Director Masayoshi Amamiya will also be answering questions in parliament

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Author: Eamonn Sheridan

RBA's Lowe says a credit rating downgrade for Australia would not be a big deal

Reserve Bank of Australia Governor Lowe in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Q&A now  Opening statement is here:

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RBA's Lowe says a credit rating downgrade for Australia would not be a big deal


Author: Eamonn Sheridan
Category: Central Banks
0
Reserve Bank of Australia Governor Lowe in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Q&A now  Opening statement is here:

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Author: Eamonn Sheridan
12

RBA's Lowe is speaking now - says more likely next interest rate move is up

Reserve Bank of Australia Governor Lowe appearing in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Improvement in the global economy has continued There will be more to come, but as I update Lowe is hitting familiar themes. These headlines are from his opening remarks. Full text here: 

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RBA's Lowe is speaking now - says more likely next interest rate move is up


Author: Eamonn Sheridan
Category: Central Banks
12
Reserve Bank of Australia Governor Lowe appearing in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Improvement in the global economy has continued There will be more to come, but as I update Lowe is hitting familiar themes. These headlines are from his opening remarks. Full text here: 

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Author: Eamonn Sheridan

AUD traders - RBA Governor Lowe speaks today – what to expect

I am not expecting any fresh views from Reserve Bank of Australia Governor lowe today Last week from Lowe and the RBA we got I don't expect Lowe will add anything fresh after that lot. We'll soon find out.

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AUD traders - RBA Governor Lowe speaks today – what to expect


Author: Eamonn Sheridan
Category: Central Banks
0
I am not expecting any fresh views from Reserve Bank of Australia Governor lowe today Last week from Lowe and the RBA we got I don't expect Lowe will add anything fresh after that lot. We'll soon find out.

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Author: Adam Button

BOC's Schembri says bank will take a cautious approach to interest rates

More from Schembri - Caution doesn't mean rates will stay low forever, says following data very closely The huge drop in Canadian employment in January will keep the on the defensive for a few months.

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BOC's Schembri says bank will take a cautious approach to interest rates


Author: Adam Button
Category: Central Banks
0
More from Schembri - Caution doesn't mean rates will stay low forever, says following data very closely The huge drop in Canadian employment in January will keep the on the defensive for a few months.

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Author: Adam Button

BOC's Schembri: Subdued growth may change how central banks react

Schembri comments in Winnipeg, MB - Higher debt levels, decline in interest rates, decreasing economic growth could challenge policy framework - If cyclical forces coming out of a downtrend are less powerful than historically because of demographics and debt, central banks might have to be more aggressive He doesn't really touch on the economic outlook here but it's safe to say that in the next downturn, the BOC will turn to QE before it thinks about negative rates.

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BOC's Schembri: Subdued growth may change how central banks react


Author: Adam Button
Category: Central Banks
0
Schembri comments in Winnipeg, MB - Higher debt levels, decline in interest rates, decreasing economic growth could challenge policy framework - If cyclical forces coming out of a downtrend are less powerful than historically because of demographics and debt, central banks might have to be more aggressive He doesn't really touch on the economic outlook here but it's safe to say that in the next downturn, the BOC will turn to QE before it thinks about negative rates.

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Author: Adam Button
6

Norway central bank says it may hike in 2018

Comments from Norway's central bank governor - Says central bank is less worried about low inflation - Globalization and technology may continue to put downward pressure on inflation Inflation is very low in Norway but they're willing to hike. Could this be the canary in the coal mine for all of Europe?

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Norway central bank says it may hike in 2018


Author: Adam Button
Category: Central Banks
6
Comments from Norway's central bank governor - Says central bank is less worried about low inflation - Globalization and technology may continue to put downward pressure on inflation Inflation is very low in Norway but they're willing to hike. Could this be the canary in the coal mine for all of Europe?

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Author: Mike Paterson

ECB's Lautenschlaeger says there might be a need for more macroprudential policy

ECB supervisory board VP with a scheduled speech 15 Feb - by that I mean a tightening of existing borrower-based measures - tool box defined by the EU legal framework may be too small to address all types of systemic risk Hurrah! Beer and pretzels all round.

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ECB's Lautenschlaeger says there might be a need for more macroprudential policy


Author: Mike Paterson
Category: Central Banks
0
ECB supervisory board VP with a scheduled speech 15 Feb - by that I mean a tightening of existing borrower-based measures - tool box defined by the EU legal framework may be too small to address all types of systemic risk Hurrah! Beer and pretzels all round.

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Author: Justin Low

Japan government may list nominees for BOJ governor on Friday - report

According to a report by Kyodo News The headline says that the government may nominate nominees for the governor and deputy governor position to parliament tomorrow.

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Japan government may list nominees for BOJ governor on Friday - report


Author: Justin Low
Category: Central Banks
0
According to a report by Kyodo News The headline says that the government may nominate nominees for the governor and deputy governor position to parliament tomorrow.

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Author: Justin Low

Japan's Yamaguchi: No word from Abe on BOJ governor nominee

Japan's ruling coalition partner head, Natsuo Yamaguchi, with some comments Says that there is no mention by Japanese prime minister Shinzo Abe on who the next BOJ governor may be.

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Japan's Yamaguchi: No word from Abe on BOJ governor nominee


Author: Justin Low
Category: Central Banks
0
Japan's ruling coalition partner head, Natsuo Yamaguchi, with some comments Says that there is no mention by Japanese prime minister Shinzo Abe on who the next BOJ governor may be.

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Author: Eamonn Sheridan

Bank of Japan Governor Kuroda says will continue with policy

BOJ Governor Kuroda says the BOJ is doing the best strategy to exit deflation - And the BOJ will continue to implement it best policy to hit the inflation target His comments are not as market moving as Aso's were earlier on

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Bank of Japan Governor Kuroda says will continue with policy


Author: Eamonn Sheridan
Category: Central Banks
0
BOJ Governor Kuroda says the BOJ is doing the best strategy to exit deflation - And the BOJ will continue to implement it best policy to hit the inflation target His comments are not as market moving as Aso's were earlier on

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Author: Eamonn Sheridan
1

Heads up for China market holidays, today and many next

Happy Lunar New Year! (Coming up). China holidays begin today.  Thursday 15 February through to Wednesday 21st inclusive Reopen Thursday 22nd Meanwhile, something to be getting on with, this via Bloomberg :

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Heads up for China market holidays, today and many next


Author: Eamonn Sheridan
Category: Central Banks
1
Happy Lunar New Year! (Coming up). China holidays begin today.  Thursday 15 February through to Wednesday 21st inclusive Reopen Thursday 22nd Meanwhile, something to be getting on with, this via Bloomberg :

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