1. Monetary Authority of Singapore: The current policy stance is appropriate and will be reassessed in October.
2. Bank Indonesia kept interest rates unchanged at 5.75%, in line with market expectations.
3. The South African central bank raised the benchmark interest rate to 8.25%, in line with market expectations.
4. The central bank of Türkiye kept the benchmark repurchase rate unchanged at 8.50%.
5. Federal Reserve-Collins: It may have reached or is close to the time point of suspending interest rate hikes. After the release of the evening series of data that will help the Fed raise interest rates, the interest rate futures market is pricing that the Fed will raise interest rates by 25BP at the meeting in July, and raise interest rates in June The probability is 50%, and the interest rate will be cut by about 37BP from the implied peak rate by the end of the year, to 4.95%.
6. European Central Bank Governing Council Nott: Each of the next two meetings should increase by 25 basis points, and is open to raising interest rates in September; Vice President Guindos: Salaries and profit margins pose an upside risk to inflation; Leroy rates should peak in the next three meetings.
7. Haskell, member of the Bank of England: the possibility of further interest rate hikes cannot be ruled out; if more evidence of inflation persistence is seen, policy will be tightened, and the market is determined that the UK will raise interest rates by 100BP before the end of the year.
8. Bank of Japan Governor Kazuo Ueda: We must avoid tightening monetary policy prematurely. The YCC may be adjusted if the balance of benefits and costs of the policy changes.
9. Brazilian Vice President Alkmin: The 13.75% benchmark interest rate of the Central Bank of Brazil has hurt economic activities. President Lula said that Brazil should not bear such an interest rate.
Weekly Technical Outlook – EURUSD, GBPUSD, Gold
EURUSD tests June’s peak as ECB rate decision looms GBPUSD pauses impressive rally near 1.3000 ahead of CPI data Gold resumes weak momentum after closing above 2,400 US retail sales…