Central Banks

ASB backs RBNZ hold in July

ASB says the RBNZ will wait to see the crocodile's teeth before it jumps.

Eamonn Sheridan

PBOC sets USD/ CNY reference rate for today at 6.8066 (vs. estimate at 6.7850)

PBOC CNY reference rate setting for the trading session ahead.

Eamonn Sheridan

NZIER shadow board split as RBNZ rate call turns line-ball for July

NZIER's economists can't agree on July, but they all see rates higher within a year.

Eamonn Sheridan

PBOC is expected to set the USD/CNY reference rate at 6.7850 – Reuters estimate

PBOC CNY reference rate setting for the trading session ahead.

Eamonn Sheridan

ANZ expects RBNZ to hike OCR to 2.50% despite sharp oil price fall

ANZ says the RBNZ should hike anyway, and say as little as possible about what comes next.

Eamonn Sheridan

The AUS and the NZD were the weakest of the major currencies vs USD today

Bank of Korea warns Samsung, SK Hynix leveraged ETFs risk volatility

The BOK just changed its mind on leveraged ETFs, and not in their favour.

Eamonn Sheridan

Weekend - ECB's Moulin says bank in 'good position' as oil-driven inflation eases

Moulin says the ECB got June right and isn't about to make a habit of hiking rates.

Eamonn Sheridan

ICYMI - ECB's Nagel says bank must stay vigilant but too early to call rate hikes

The ECB isn't ruling anything in or out, and Nagel wants to keep it that way.

Eamonn Sheridan

RBNZ set to hike rates to 2.50% on July 8 as inflation persists, poll shows

New Zealand's central bank looks set to end a three-year pause and start climbing again.

Eamonn Sheridan

Newsquawk Week in Focus: FOMC Minutes, US ISM Services PMI, RBNZ, OPEC+ and ECB Minutes

Next week's highlights include: US ISM Services PMI (Mon), Fed Minutes (Wed), RBNZ Policy Announcement (Wed), Canadian Jobs (Fri)

Newsquawk Analysis

Bank of England's Bailey says inflation would be at target if not for the war

Comments from the Bank of England leader

Adam Button

How have interest rate expectations changed after this week's events?

We got some further dovish repricing across the board as oil prices fell below pre-war levels and the inflation data started to show moderation

Giuseppe Dellamotta

UBS sees Fed on hold as Warsh downplays inflation risk despite hike bets

UBS pushes back on market pricing for Fed rate hikes, arguing cooling wages and fading tariff effects favour a hold.

Eamonn Sheridan

PBOC sets USD/ CNY reference rate for today at 6.8047 (vs. estimate at 6.7808)

PBOC CNY reference rate setting for the trading session ahead. Strongest for CNY since 10 February 2023

Eamonn Sheridan

PBOC is expected to set the USD/CNY reference rate at 6.7808 – Reuters estimate

PBOC CNY reference rate setting for the trading session ahead.

Eamonn Sheridan

ecb lagarde yuan cny undervalued 03 July 2026

Lagarde defends June rate hike as core inflation and supply shock persist

Lagarde stands by the ECB's June rate hike, arguing sticky underlying inflation outweighs the calming effect of the Iran-US ceasefire.

Eamonn Sheridan

BOE's Mann: In June there were more upside risks to inflation

Comments from the Bank of England hawk

Adam Button

The long-term look at US labor force participation is ugly and getting worse

Workers continue to drop out of the work force

Adam Button

Fed's Daly: In the US, there's exceedingly strong investment growth

Comments from the SF Fed President

Adam Button

Rupee shunted higher against USD intervention rbi 02 July 2026

Reserve Bank of India is likely to have intervened to sell USD/INR, support rupee

A sharp move down for USD/INR and talk circulating of the RBI in the market

Eamonn Sheridan

Bank of Korea official says Bank has capacity to take steps on the weak won

Bank of Korea Deputy Governor

Eamonn Sheridan

PBOC sets USD/ CNY reference rate for today at 6.8088 (vs. estimate at 6.7929)

PBOC CNY reference rate setting for the trading session ahead.

Eamonn Sheridan

PBOC is expected to set the USD/CNY reference rate at 6.7929 – Reuters estimate

PBOC CNY reference rate setting for the trading session ahead.

Eamonn Sheridan

MUFG sees euro rallying to 1.20 against dollar by 2027 as ECB nears rate peak

A euro battered by a stronger dollar is set to claw back ground as US rate hike bets fade faster than Europe's.

Eamonn Sheridan

Warsh, Lagarde and Bailey signal joint retreat from forward guidance at Sintra

Central bank chiefs are quietly agreeing that telling markets what comes next was a mistake.

Eamonn Sheridan