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April 26, 2024
April 25, 2024
BoJ's Intervention and its impact
April 25, 2024 6:24 AM UTC
In the period of time when JPY significantly weakens or strengthens, BoJ will intervene in the FX market either through verbal or actual intervention. As JPY weakened significantly in the past months, once again we found ourselves in the proximity of FX intervention with unknowns for anonymity is ke
April 24, 2024
April 23, 2024
April 22, 2024
BoJ Preview: Showing no hurry
April 22, 2024 6:13 AM UTC
Our central forecast is for the BoJ to remain on hold for interest rate and signals the market they are in no rush to further tighten while allowing trend inflation data to lead policy direction in their forward guidance. BoJ has moved interest rate to 0% and officially removed YCC in March, citing
April 19, 2024
April 18, 2024
April 17, 2024
UK CPI Inflation Review: Inflation Fall Further, But Services Momentum Still Evident
April 17, 2024 6:52 AM UTC
UK headline and core inflation have been on a clear downward trajectory in the last few months, the former having peaked above 10% in February last year and the latter at 7.1% In May. After a pause in the preceding three months, this downtrend seemingly resumed in the February CPI numbers and clearl
April 16, 2024
U.S. March Industrial Production - Manufacturing backing improved ISM signal
April 16, 2024 1:34 PM UTC
March industrial production with a 0.4% increase was in line with expectations though manufacturing with a rise of 0.5% exceeded expectations and there appears to be some underlying improvement there.
April 15, 2024
April 12, 2024
U.S. April Michigan CSI - Lower but inflation expectations rise
April 12, 2024 2:13 PM UTC
April’s preliminary Michigan CSI of 77.9 is down from March’s 79.4 but still above February’s 76.5 and generally healthy. Inflation expectations moved higher, the 1-year view to 3.1% from 2.9% and the 5-10 year view to 3.0% from 2.8%, its highest since November.
April 11, 2024
RBI Holds Rates Firm, Citing Room for Economic Growth
April 11, 2024 5:44 AM UTC
In line with our expectations, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) chose to maintain the policy repo rate at 6.5% in its latest meeting. The decision reflects their aim to gradually scale back stimulus measures while still supporting economic growth. It also unders
April 10, 2024
April 09, 2024
Mexico CPI Review: Slightly Below Expectations, with Concerns in Service
April 9, 2024 6:43 PM UTC
Mexico's March CPI data, released by the National Statistics Institute, shows a slight increase of 0.29%, below the 0.36% expectation. Year-on-year CPI remains stable at 4.4%, above Banxico's 3.0% target. While fruit and vegetable prices dropped, transport costs rose. Concerns arise with Services CP
Eurozone Banks See Company Loan Demand Slump as ECB Unconventional Tightening Bites Further
April 9, 2024 9:22 AM UTC
While there may be few positive straws in the wind in the latest (April) 2024 bank lending survey (BLS), the ECB should fund the balance of results still troubling. Company credit demand slumped afresh amid rising interest rates and deferred capex plans. Admittedly, credit supply to firms tighte