The European Central Bank (ECB) Panel just started
Fed Chair Powell repeats case for gradual interest rate increases is strong, adds that job market is not excessively tight
ECB's Draghi:
Factors holding back wage growth are gradually waning
There are a variety of reasons why the inflationary response to wages has been slow
Inflation is converging to target
Factors holding back wage growth gradually is waning
RBA's Lowe:
Sees global factors at work in inflation situation
Australia hoping to extend the non-recession streak
Need to be patient as long as the labor market is improving
There is a perception that we just need to accept that inflation is going to be low for a while.
BOJ's Kuroda:
Japan's economy has improved significantly
Wages and prices have continued to show relatively weak developments
3% wage rises needed for inflation goal.
Sees government request to raise wages by 3% as ‘quite appropriate.’
20 Jun 18 (Wed)
01:39 pm
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