Author: Greg Michalowski

The Banco de Mexico is expected to raise rates by 0.25% at the top of the hour

USDMXN made new lows since Election Day today. The Banco de Mexico is expected to keep the tightening going by raising rates by 0.25% to 6.5%. The central bank has raised rates from 4.75% before election to the current 6.25% to counteract the weakness in the currency and to stem inflation pressures.  The pace of increases is expected to slow however as the currency continues to retrace the surge since the election.  The rhetoric from the Trump administration has been more sanguine compared to the saber rattling that occurred prior to the election.

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Author: Ryan Littlestone
1

ECB's Knot: a 2018 rate hike is closer to my expectations

Bloomers picking up a comment from a Telegraaf interview There's no stopping the central bankers today. Kaplan (voter) is up at the top of the hour, followed by Dudley (voter) 15 minutes later.

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Author: Ryan Littlestone
5

Further hikes will be needed says Fed's Mester

How about another Fed head talking hikes? You got it - Supports further hikes but not at each meeting - Economic expansion is sound - (is that a heads up?) Most of these comments are repeats but the comment on Q1 sticks out, unless there's something in the context or it's a misprint.

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Author: Ryan Littlestone
13

Nowotny: The normalisation of inflation is expected in 2017

More from Nowotny He's speaking at a presser following  the Austrian central bank's annual general meeting. Not sure what's going on in yen pairs but we're seeing some quick spikes in USDJPY, EURJPY and GBPJPY. It looks GBP led as EURGBP has dropped too.           

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Author: Ryan Littlestone

ECB's Liikanen: Forward guidance is appropriate

Erkki Liikanen banging the forward guidance drum - Eurozone still needs substantial support - Passing peak of inflation doesn't meet the ECB's goal It's almost as if they want inflation to fail.

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Author: Mike Paterson

ECB's Mersch says they are committed to greater levels of transparency

Executive Board member Mersch with scheduled speech in Frankfurt 30 March - ECB independence is unchanged - protects policy function - independence shields central banks Mersch is delivering a speech at the "Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the United States"

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Author: Mike Paterson
5

SNB's Jordan says policy normalization is far away

Swiss National Bank head Jordan quoted by Blick 30 March Speaking at an event in Zurich Jordan said: "We're still quite far away from a policy normalization"

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Author: Eamonn Sheridan
3

BOJ's Iwata: Appropriate to continue powerful monetary easing

Bank of Japan Deputy Governor Iwata appearing the Diet today: - Japan's economic recovery gaining momentum reflecting improvements in overseas economies - Appropriate to continue powerful monetary easing as inflation still distant from 2 pct What? Where did that last one come from???

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Author: Adam Button
1

Fed's Rosengren: Now is the time to think about how to normalize more quickly

Comments from the Fed's Rosengren on Bloomberg TV - We're arguably at full employment - Confirms he's one of the dots forecasting 4 hikes this year - Core inflation has risen from 1.4% to 1.7% Rosengren placed himself firmly in the hawkish camp but for the most part, he spoke a lot to say very little. He was asked about certain things and indicators that he was watching; he responded saying employment and inflation and talking about the mandate.

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