PBOC’s Huang – less room for interest rate cuts this year

People’s Bank of China’s (PBOC) Huang was on the wires stating there is less room for interest rate cuts this year as CPI is close to bank’s target.

Key quotes

Yuan depreciation pressure curbs PBOC room for loosening

Yuan depreciation pressure shows forex system inflexible

Room for RRR cut smaller than previous 2 years

Mar 24, 2016

BOJ’s Kuroda – easing will continue till 2% inflation target is achieved

Bank of Japan (BOJ) head Kuroda, while speaking in Parliament, said the QQE program with negative rates will stay as long as needed to achieve the 2% inflation target.

PBOC’s Huang – less room for interest rate cuts this year

BOJ’s Kuroda – easing will continue till 2% inflation target is achieved

Sweden Producer Price Index (MoM) increased to -0.1% in February from previous -1%