The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
BOJ tells low rates hurt banks, although woes can hardly ease post-stimulus
Prolonged ultra-easy monetary policy is actually putting heavy pressure on Japanese bank revenues, although banks shouldn’t expect business conditions to brighten drastically even after the key bank has interest rates lifted, as a senior Bank of Japan official revealed.
A great number of regional financial institutions could suffer losses in the long run due to the fact intensifying competition simply forces them to reduce lending rates for the purpose of attracting borrowers in a shrinking domestic market, as BOJ Executive Director Atsushi Miyanoya told.
Even when monetary policy is normalized, financial institutions shouldn't expect revenues to get back to levels before ultra-easy policy was started.
After three years of heavy asset purchasing didn’t manage to fire up inflation, in 2016 the BOJ adopted negative interest rates along with a promise to guide 10-year bond yields around 0%.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.