Bundesbank President Joachim Nagel warns that ECB should raise interest rates in June without significant inflation improvement, citing risks of entrenched high inflation amid prolonged conflicts, while ECB policymaker Peter Kazimir calls June tightening virtually inevitable due to surging energy prices.
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Bundesbank Chief Says June Rate Hike Needed Without Inflation Improvement
Bundesbank President Joachim Nagel warns that ECB should raise interest rates in June without significant inflation improvement, citing risks of entrenched high inflation amid prolonged conflicts, while ECB policymaker Peter Kazimir calls June tightening virtually inevitable due to surging energy prices.
Yonhap InfomaxChicago Fed President Austan Goolsbee warns that sustained oil price increases pose serious risks to inflation outlook and broader economy, while noting labor market remains cautious with minimal hiring and firing activity amid fundamental economic resilience
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Powell - Energy to Drive Inflation Higher in Near Term, Too Early to Assess Economic Impact
Federal Reserve Chair Jerome Powell signals energy prices will temporarily boost inflation in the short term, while cautioning it remains premature to fully evaluate broader economic implications
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Fed Raises 2026 PCE Inflation Forecast to 2.7% from 2.4%
Federal Reserve revises 2026 PCE inflation outlook upward to 2.7%, marking a significant 0.3 percentage point increase from previous 2.4% projection
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Monetary Policy Board Raises 2024 Core Inflation Forecast from 2.0% to 2.1%
South Korea's Monetary Policy Board has revised its 2024 core inflation outlook upward from 2.0% to 2.1%, signaling persistent price pressures.
Yonhap InfomaxSouth Korean government bond yields climbed as the Bank of Japan’s hawkish inflation outlook and heavy foreign selling in futures markets fueled upward pressure, with the three-year yield rising to 3.137% and the 10-year to 3.590%.
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[Bond Market Closing]BOJ Impact and Heavy Foreign Selling Drive Bond Yields Higher
South Korean government bond yields climbed as the Bank of Japan’s hawkish inflation outlook and heavy foreign selling in futures markets fueled upward pressure, with the three-year yield rising to 3.137% and the 10-year to 3.590%.
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FX Swap Points Rise in Long-Term Tenors on BOJ Outlook
South Korea's FX swap points rose in longer tenors as the Bank of Japan's higher inflation outlook fueled bond yield gains, impacting both Japanese and Korean markets.
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