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ECB’s Panetta: Must remain pragmatic and data-driven in setting policy rate
European Central Bank (ECB) policymaker Fabio Panetta said on Wednesday, the central bak “must remain pragmatic and data-driven in setting the policy rate.” Further comments ECB should now focus more on inflation expectations than estimated neutral level in setting rates.
Fxstreet
Wed, Mar 26
From Job Markets to Consumer Confidence: The Self-Inflicted Costs of Trump’s Tariff Policies Emerge
TradingKey — While U.S. President Donald Trump has repeatedly blamed the Biden administration for leaving him an economic "mess," recent data suggests that Trump’s own policies may not guarantee better employment or economic outcomes.
TradingKey
Wed, Mar 26
China has 'very big' policy room to spur growth, central bank adviser says
By Kevin Yao BOAO, China, March 26 (Reuters) - China wields significant policy room to stimulate its economy this year while some reform was needed to boost consumption, Huang Yiping, an advisor to China's central bank and a professor at Peking University, said on Wednesday. China has ...Reuters
Wed, Mar 26
Vietnam to cut duties on US imports, approve Starlink as Trump tariff decision looms
By Khanh Vu HANOI, March 26 (Reuters) - Vietnam will cut its tariffs on several U.S. products including LNG and cars, and moved to approve Starlink services, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus.The Southeast Asian industrial hub a...Reuters
Wed, Mar 26
Shorter-end JGB yields hit over 16-year highs as BOJ rate-hike bets persist
By Brigid Riley TOKYO, March 26 (Reuters) - Japanese government bond (JGB) yields edged higher on Wednesday, as expectations that the Bank of Japan will continue to raise interest rates this year sent shorter-term bond yields up to more than 16-year peaks.Both the 10-year JGB yield JP10YTN=JBTC ...Reuters
Wed, Mar 26
Fed’s Goolsbee believes borrowing costs would be “a fair bit lower” in 12-18 months from now – FT
Chicago Federal Reserve (Fed) President Austan Goolsbee said in a Financial Times (FT) interview on Wednesday that he “believed borrowing costs would be “a fair bit lower” in 12-18 months from now.” Additional comments Market angst over inflation would be ‘red flag’.Fxstreet
Wed, Mar 26
Vietnam issues decision to allow SpaceX's Starlink satellite internet service
HANOI, March 26 (Reuters) - Vietnam's government said on Wednesday it had issued a decision to allow SpaceX to launch its Starlink satellite internet service on a trial basis in the country. The decision states that there is no limit on foreign ownership of the service, the government said in a ...Reuters
Wed, Mar 26
PBOC Adviser: Reform measures are needed for boosting consumption
Speaking at the Boao Forum on Wednesday, Huang Yiping, an adviser to the People’s Bank of China (PBOC), stated that “reform measures are needed to boost consumption.” Additional quotes Changes in global environment will be challenging for China.
Fxstreet
Wed, Mar 26
UK CPI expected to soften in February, keeping pressure on BoE
The United Kingdom’s (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for February on Wednesday at 07:00 GMT.The Pound Sterling (GBP) could experience intense volatility following the UK CPI inflation report, as it is likely to alter theFxstreet
Wed, Mar 26
Vietnam says to cut tariffs on several U.S. products
HANOI, March 26 (Reuters) - Vietnam will cut its tariffs on several U.S. products, the head of the Finance Ministry's tax policy department said. Among the cuts, the tariff on American LNG will be cut to 2% from 5%, on automobiles to 32% from a range of 45% to 64%, and on ethanol to 5% from 10%,...Reuters
Wed, Mar 26
Australia’s monthly CPI inflation eases to 2.4% YoY in February vs. 2.5% expected
Australia’s monthly Consumer Price Index (CPI) increased by 2.4% in the year to February, compared to a 2.5% rise seen in January, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.Fxstreet
Wed, Mar 26
