Central Bank Watch – Korea Raises, BOJ Sequel to JGB, Dollar Yen Massacre Ahead

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    Two Fed speakers commented with San Francisco Fed President (non-voter) Daly saying that the FOMC could raise the fed funds rate range by 25 or 50 bps on February 1 while Atlanta Fed President Bostic said that the Fed is willing to overshoot when it comes to tightening.

    Latest survey of Consumer Expectations from the Federal Reserve Bank of New York showed that year-ahead inflation expectations decreased to 5.0% from 5.2% in November while three-year expectations remained at 3.0%, and five-year expectations ticked up to 2.4% from 2.3%.

    The greenback faced pressure for bulk of the day, sending the U.S. Dollar Index lower by 0.8% to 103.05, a level not seen since early June.


    Riksbank International Symposium on Central Bank Independence January 10 in Stockholm Sweden
    Divided into 4 panels with major central banks speaking:

    Panel 1: Central bank independence and new risks: climate
    Moderator: Andrew Bailey (Governor, #BOE)
    Panellists: Haruhiko Kuroda (Governor, #BOJ)
    Tiff Macklem (Governor, #BOC)
    Isabel Schnabel (Member of the Executive Board, #ECB)
    Beatrice Weder di Mauro (President, #CEPR)

    Panel 2: Central bank independence &P the development of payments & central bank #digital currencies
    Moderator: Cecilia Skingsley (Head of #BIS Innovation Hub)
    Panellists: Tobias Adrian (Director MCM #IMF)
    Gary Gorton (Professor, Yale)
    Ravi Menon (MD #MAS)
    Hyun Song Shin (BIS)

    Panel 3: Central bank independence & the mandate – evolving views
    Moderator: Torsten Persson (professor, Stockholm University)
    Panellists: Claudia Buch (VP #Bundesbank)
    Mervyn King (former Governor #BOE)
    Jerome H. #Powell (#FederalReserve)
    Kenneth Rogoff (Professor, Harvard)

    anel 4: CB independence & policy coordination in a globalised world
    Moderator: Adam Posen (Pres, Peterson Institute)
    Panellists: Viral Acharya (Prof, NYU)
    Kristin Forbes (Professor, MIT)
    Pablo Hernández de Cos (Gov Banco de #España)
    Klaas Knot (Pres De #Nederlandsche Bank)

    Concluding remarks: Stefan Ingves (former Governor, Sveriges Riksbank)


    WATCH LIVE RiksBank Symposium of Central bankers
    US Fed Chair Jerome #Powell Speaks At Symposium On Central Bank Independence


    This week’s main event was Chair Powell’s speech at the Riksbank International Symposium and the reaction to US CPI, the reaction was muted to a soft
    [See the full post at: Central Bank Watch – Korea Raises, BOJ Sequel to JGB, Dollar Yen Massacre Ahead]

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