1. ECB-President Lagarde: Must continue to provide stability in a fundamentally unstable world.
2. The Central Bank of Nigeria raised interest rates by 50 basis points to 18.5%, in line with expectations. Nigeria’s oil production is “dangerously low,” the bank’s president said.
3. Central Bank of Russia: Ruble liquidity reserves are gradually shrinking, with a decrease of 0.2 trillion rubles in April.
4. Iran is determined to stop using dollars in trade with Russia. The issue is a “priority” and the two sides have held expert-level talks on it.
5. Central Bank of China: On May 24, 2023, Yi Gang, Governor of the People’s Bank of China, met with visiting Luxembourg Finance Minister Bai Youli.
6. Federal Reserve-May meeting minutes: officials are divided on whether to further raise interest rates (the minutes suggest that the number of hawks is relatively large), and it is unlikely to cut interest rates. Some participants said that the Fed “should stand ready to use its liquidity facilities” to offset the damage caused by a possible default Waller: Does not support stopping interest rate hikes, whether to raise interest rates in June or skip it in July depends on the future Three weeks of data, Bostic said that he does not want to be trapped in a specific pace of interest rate adjustment (skip/rate hike in June), and it is best to consider cutting interest rates next year.