BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Gold’s Bull Run Intact: Safe-Haven Bids Overpower Treasury Yield Pressure 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
Add as a preferred source on Google
Bank of England (BOE) governor Mark Carney, along with Kristin Forbes, Gertjan Vlieghe and chief economist Andy Haldane has been taking questions from treasury select committee over economies, monetary policies and other related issues.
Key highlights:
- Mark Carney as always indicated that rate hike to be the next probable move in monetary policies and scrapped the idea of negative rates for UK economy and suggested that he is looking for appropriate time to raise rates. However, he sounded a bit dovish over near term saying that rates are likely to stay low for some time.
- Ms. Forbes maintained her reputation as mild hawk, saying that next move interest rate is expected to be up, while current wage growth may not be sufficient to reach 2% inflation target and scrapping the idea of negative cash as hypothetical.
- Mr. Vlieghe, newcomer at Bank of England sounded mild dovish cautioning over growth and suggesting that negatives rates are interesting ideas but not a policy measure.
- Chief economist Andy Haldane was as dovish as ever, suggesting next move could be up or down and complete scrapping the idea as not worth researching saying there are lots of reasons for it not to be considered as good idea.
Pound is sharply lower however taking cues from dovish side of the comments, being worst performer today. Pound is currently trading at 1.507 against Dollar.
