Shorts – Summaries

The Day Today 28th February 2023

US Tsy Sec Yellen makes surprise visit to Kyiv. White House statement says “the Windsor Framework is an essential step to ensuring that the hard-earned peace and progress of the Belfast/Good Friday Agreement is preserved and strengthened”. Incoming BOJ Deputy Uchida says “The BOJ must maintain monetary easing. It shouldn’t modify easy policy just because there are side-effects. Rather, it must…

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The Day Today 27th February

Ursula von der Leyen will hold talks with Rishi Sunak today in Windsor to finalise the Protocol on Ireland/Northern Ireland. BOJ Governor nominee Kazuo Ueda said “I think it’s appropriate for monetary easing to be continued”. Chinese authorities ordered iron ore production to be cut due to pollution. Two Israeli settlers were killed in the…

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The Day Today 24th February 2023

BOJ Governor nominee Ueda tells parliament that Kuroda loose monetary policies were “unavoidable” but “If the outlook for underlying prices continues to improve, I believe that we will have no choice but to review the yield curve control, or at least to review it in the direction of normalization… When we are a little closer to 2%, and…

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The Day Today 23rd February 2023

Fed Minutes show “while there were recent signs that the cumulative effect of the Committee’s tightening of the stance of monetary policy had begun to moderate inflationary pressures, inflation remained well above the Committee’s longer-run goal of 2 percent and the labor market remained very tight… Against this backdrop, and in consideration of the lags with which…

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The Day Today 22nd February 2023

RBNZ hike 50bp as expected, their statement says “higher interest rates are needed to ensure that inflationary pressures ease and employment returns to its maximum sustainable level” while in response to the storms, “The best contribution monetary policy can make right now is to free up resources elsewhere in the economy by slowing demand through higher interest rates”. Japan 10…

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