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BMO analysts emphasise February CPI data’s impact on the Federal Reserve’s inflation forecasts and rate cuts
BMO analysts await CPI report, influencing Fed policy. Core inflation remains persistent, with focus on housing services.
The People’s Bank of China established the USD/CNY rate at 7.1696, lower than before
The PBOC set USD/CNY at 7.1696, lower than expected, using monetary tools to influence economic stability.
The USD/CNY reference rate is anticipated to be set at 7.2324 by the PBOC
The PBOC sets a daily yuan reference rate, allowing limited fluctuation while intervening to maintain stability when needed.
Japan’s largest companies anticipate raising wages for a third consecutive year to address inflation and labour shortages
Japan’s largest firms plan wage hikes to tackle inflation, labour shortages, and yen depreciation amid policy shifts.
