ITC CB Speakers (wc 2nd Feb)

Transcription

ITC CB Speakers (wc 2nd Feb)
Central Bank Speakers
BoE, ECB & Fed Speakers Cheat Sheet
ECB/FOMC
/BoE Voter
Bias
31/01 - 10:10
ECB's Constancio at The
Marshall Society of
Economics, Cambridge
--
Leaning
Dove
02/02 - 09:05
ECB's Coeure at the National
Bank of Hungary Conference
--
Leaning
Dove
02/02 - 09:35
ECB's Nowotny at the
National Bank of Hungary
Conference
--
Leaning
Hawk
22nd January - Would have waited before launching QE; we have more
or less shot our last wad; size of program means it has advantages but
sees not insignificant risks; risk sharing issue resolved well
02/02 - 10:30
ECB's Coeure at the National
Bank of Hungary Conference
--
Leaning
Dove
29th January - QE will only end once we have a strong sense inflation is
converging towards 2%; QE impact will not be as strong without
reforms; Greece must abide by rules of the game; ECB style QE will be
different to the US Fed’s
02/02 - 11:00
ECB's Costa at the National
Bank of Hungary Conference
--
Dove
02/02 - 11:30
ECB's Jazbec at the National
Bank of Hungary Conference
--
--
29th January - Too early to say when ECB can buy Greek bonds; too
early to talk about Greece leaving the Euro
--
Leaning
Hawk
11th December - ECB will assess early next year how monetary stimulus
has worked; GC committed to new measures if req
Non Voter
Leaning
Hawk
16th January - Reiterated Fed should hike end of Q1 this year; Low
inflation is possible explanation for keeping policy accommodative
Non Voter
Dove
8th January - Hiking this yr would damage the inflation recovery; L-T
unemp may be below 5%; before hiking want to see core inflation
much closer to 2% & mkt based inflation expectations rising; oil price
weakness basically a good thing form econ; surprised by scale of fall in
bond yields
Monday
Saturday
Date Time (GMT)
02/02 - 12:30
Wednesday
Tuesday
03/02 - 15:00
Speaker and Event
ECB's Liikanen at the
National Bank of Hungary
Conference
Fed's Bullard discusses
Economics in Newark,
Deleware
Recent Comments
20th December - Does not rule out QE but ECB is not obsessed with
buying govt bonds; expects neg CPI soon due to weak oil price which
raises high risk of deflation; if neg CPI is only temporary, would be no
risk of deflation
29th January - QE will only end once we have a strong sense inflation is
converging towards 2%; QE impact will not be as strong without
reforms; Greece must abide by rules of the game; ECB style QE will be
different to the US Fed’s
6th October - Portugal needs investor confidence for refinancing
03/02 - 16:45
Fed's Kocherlakota Speaks
on Economy in St. Pauls,
Minnesota
04/02 - 15:00
Fed's Powell on Economic
Growth and Regulatory
Paperwork Reduction, Dallas
Voter
Leaning
Hawk
14th November - Fed takes global economic and financial
interconnections into account when discussing monetary policy; Sees
notable increase in international syndicated loans
04/02 - 17:45
Fed's Mester speaks to Ohio
Bankers League in Columbus
Voter
Leaning
Hawk
2nd January - Fed should hike rates before inflation hits 2%; Does not
see financial bubbles at this time
(Any key unscheduled remarks will be updated accordingly)
InTouch Capital Markets provides institutional level market information and training services for the fixed income, rates markets & FX
London: +44 (0)20 8879 1234 l New York: +1 212 878 6685 - www.itcmarkets.com
This document and materials within are for informational purposes only. Its purpose is not to solicit, offer or facilitate a decision to buy or sell any financial instrument.
In Touch Capital Markets Ltd does not warrant the accuracy or completeness of this information. No liability is accepted by it or the sender for any error or omission, nor
for any loss of business, profits or any indirect, direct or incidental damages arising from the use of this information.
Central Bank Speakers
BoE, ECB & Fed Speakers Cheat Sheet cont.
Friday
Thursday
Date Time (GMT)
Speaker and Event
ECB/FOMC
/BoE Voter
Bias
Recent Comments
Non Voter
Dove
7th January - Precise timing of liftoff not important to the overall econ;
should not hike this yr; fairly surprising how low long-term yields are
given Fed tgts 2% inflation; Future tightening may not be as smooth as
previous cycle; Low inflation allows for gradual rate hikes
05/02 - 10:00
Fed's Rosengren addresses
Conference on Sovereign
Risk
05/02 - 11:30
ECB's Praet speaks in
Frankfurt
--
Middle
05/02 - 13:30
ECB Knot in Dutch Parliament
on QE
--
Hawk
06/02 - 17:45
Fed's Lockhart Speaks on U.S.
Economy in Naples, Florida
Voter
Leaning
Dove
5th January - ECB will use further unconventional measures if needed;
Govt bond purchases would have to consider EU treaty; sees risk of –ve
CPI in coming months
23rd January - I’m against QE; not sure its necessary or effective; QE will
lead to rising asset px & lower FX rate; ECB toolbox more or less empty
now
12th January - If data is mixed prefers later hike date; Sees US GDP
around 3% in 2015; Rate rise will be late in cycle based on history; Low
bond rates reflective of global flight-to-safety and US attractiveness;
Progress over n/ 6 months important to Fed analysis; Wages a swing
factor going forward
(Any key unscheduled remarks will be updated accordingly)
InTouch Capital Markets provides institutional level market information and training services for the fixed income, rates markets & FX
London: +44 (0)20 8879 1234 l New York: +1 212 878 6685 - www.itcmarkets.com
This document and materials within are for informational purposes only. Its purpose is not to solicit, offer or facilitate a decision to buy or sell any financial instrument.
In Touch Capital Markets Ltd does not warrant the accuracy or completeness of this information. No liability is accepted by it or the sender for any error or omission, nor
for any loss of business, profits or any indirect, direct or incidental damages arising from the use of this information.