Japanese Finance Minister Shunichi Suzuki said on Tuesday that the rapid foreign exchange (FX) move is undesirable and the officials will monitor the effect of FX on the Japanese economy and livelihoods.
European Central Bank Governing Council member Martins Kazaks said on Monday that the central bank will ease monetary policy further, though it shouldn’t do so too hastily due to lingering inflation risks, per Bloomberg.
There was no respite for the selling mood hurting the Greenback on Monday, as market participants gave further credit to the likelihood that the Fed might surprise everybody and reduce its rates by a half percentage point on Wednesday.
Real activity appears to have softened in August amid weak domestic demand.
European Central Bank (ECB) Chief Economist Philip Lane said on Monday that the ECB should retain optionality about the speed of policy adjustments, per Reuters.
Fed Chair Powell has given a clear signal for a rate cut in September.
The second half of the month is usually quieter in the CEE region.
After the ECB got the ball rolling last week by cutting its deposit rate by 25 basis points, a number of other central banks will announce their policy decisions this week.
European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Monday that it would take a significant shift in the outlook for the ECB to lower the policy rate further in October.
Bank of Canada Governor Tiff Macklem said on Sunday that he has opened the door to accelerating the pace of interest rate reductions.
European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Friday that the ECB continues to operate in a "highly uncertain environment," and will remain data-dependent when it comes to making future monetary policy decisions.
China’s Retail Sales rose 2.1% YoY in August from 2.7% in July, worse than the 2.5% expected.