The European Central Bank (ECB) Panel just started

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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