“As things change — also this forward guidance and the policy may change — not tomorrow, not the day after tomorrow, but I wouldn’t think it’s there for the next decades,” Robert Holzmann said in an interview with Bloomberg on Friday in Helsinki. Lagarde is not “a weak person who’ll say I’m locked in one or the other way.”
(Bloomberg) — The Swiss Bankers Association criticized the central bank’s policy of negative rates, saying it was causing “massive structural damage” to the economy.
TOKYO (Reuters) – The yen was pinned near a six-week low versus the dollar on Friday as signs the United States and China were narrowing their differences over trade ahead of key talks decreased demand for safe haven assets.
LONDON (Reuters) – The euro hovered near $1.10 on Thursday as traders waited to see the scale of fresh stimulus expected from the European Central Bank, while China’s yuan and Australia’s dollar were buoyed by further signs of a thaw in the U.S.-China trade war.
The EUR/USD pair last traded at 1.1064 by 11:30 PM ET (03:30 GMT), up 0.1%.
Governor Murat Uysal may not quite match the record cut he delivered during his first meeting at the helm in July. Most of the economists surveyed by Bloomberg forecast a reduction of 275 basis points on Thursday. But a sizable minority sees a bigger move, and others point to the risk of another dovish surprise.
Investing.com – The pound turned positive against the greenback on Thursday on a report that the European Union is prepared to grant another Brexit extension to the U.K. to prevent the country from leaving the bloc without deal.
Investing.com – The Japanese yen, which is widely considered as a safe-haven currency, fell on Thursday in Asia as encouraging signs in U.S.-China trade situation improved investor sentiment.
LONDON (Reuters) – Prime Minister Boris Johnson on Thursday denied lying to Queen Elizabeth over the reasons for suspending the British parliament after a court ruled his decision was unlawful and opponents called for lawmakers to be recalled to discuss Brexit.
Investing.com – The pound rose on Friday on a newspaper report that the U.K. government is contemplating some type of regulatory divergence between Northern Ireland the U.K. in an attempt to secure a Brexit deal.