Trade
Thailand unexpectedly cuts rates
Bank of Thailand delivers surprise 25bp cut; move follows PBoC allowing RMB to fall through seven to the US dollar
Former Fed chairs stress importance of central bank independence
President Donald Trump has repeatedly criticised chair Jerome Powell for keeping interest rates too high
RBI implements fourth rate cut of the year
Central bank reduces interest rates by 35bp to 5.4%, as it lowers growth forecasts
RBNZ surprises markets with 50bp rate cut
New Zealand central bank reduces interest rates to record-low of 1% on weaker growth projections
US Treasury designates China a currency manipulator
Renminbi crossed the barrier of seven per US dollar amid growing trade tensions on August 5
RBA lowers growth and inflation forecasts
Australian governor says central bank is ready to cut rates further from record-low 1%
PBoC is navigating into uncharted waters on RMB
Beijing and its central bank need to think carefully and act responsibly as the renminbi is steered into uncharted waters
PBoC vows to keep currency stable
Central bank governor says renminbi is at an appropriate level after it breaks ‘7:1’ against the US dollar
Paraguay central bank cuts rates on weak growth and inflation
Trade tensions and looser policies in advanced economies open opportunity to stimulate economy
Bank of Korea cuts rates for first time in three years
Central bank warns of trade tensions as official figures show economy contracted in first quarter
Bank of Canada holds rates despite stronger inflation
Central bank predicts higher growth in coming years but warns of possible trade conflict with US
West Africa announces ambitious new ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
Trade tensions set to harm long-term US growth – IMF paper
Output would decline even if China voluntarily limits its exports to the US
Riksbank shies away from global easing cycle
Swedish central bank maintains rate hike plans despite accommodative policy shift in Europe, US, Australia
RBA’s Lowe: global uncertainty clouding Australian outlook
Governor of RBA emphasises positives, but says global factors complicating prospects
Carney sees storm clouds gathering over global economy
The “portents are worrying”, BoE governor says, but worst of the impact may pass UK by
Lagarde reiterates call for greater international co-ordination
“We need a trading system fit for today’s world,” IMF chief says after G20 summit
Energy prices drive inflation interdependence – research
Core inflation is much less co-ordinated across advanced economies, Bank of Spain paper finds
Bank of Mexico holds rates amid growth fears
“High degree” of uncertainty over inflation as trade tensions with US persist
MAS triples yearly profit, but warns growth may fall
Singaporean central bank says US-China tensions may cut GDP growth
Senior Fed officials weigh in on potential rate cut
Bullard, Brainard, Clarida and Kashkari highlight strengthened case for cuts, while Kaplan warns on financial stability implications
Fed opens door to future rate cut
Policy-makers adopt dovish tone, but choose not to cut yet
Draghi becomes latest target of Trump’s ire
Dovish comments at ECB conference draw accusation of manipulation from US president
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré