Tuesday, 26 September 2017

Ahead This Week: Central Bank Speakers In Focus

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Monday

European Central Bank President Mario Draghi reassured on Monday that inflation within the bloc is growing consistently. However, he also explained that exchange rate volatility is making more difficult for economists to get a clear look at prices development.

“Overall, we are becoming more confident that inflation will eventually head to levels in line with our inflation aim, but we also know that a very substantial degree of monetary accommodation is still needed for the upward inflation path to materialize,” said the ECB Chief.

Speaking before the European Parliament’s committee on economic affairs in Brussels, Draghi once again defended ECB accommodative monetary policy, arguing that it is still needed.

“We also have to be sensitive to the danger of not halting a recovery through hasty monetary-policy decision making, [...] We can’t afford hasty moves.”

Tuesday

Federal Reserve Bank of Cleveland President Loretta Mester is first on the list on Tuesday. She will be participating in the "global outlook" panel at the 59th National Association for Business Economics annual meeting in Cleveland, Ohio. She is scheduled at 13:30 GMT.

Federal Reserve Chair Janet Yellen is also taking a sit at a luncheon in Cleveland and she is due to speak at 15:50 GMT. Market players will be carefully analyzing her rhetoric.

Later on, Federal Reserve Board Governor Lael Brainard will be speaking on "Labor Market Disparities" at the Federal Reserve Board Conference as of 14:30 GMT. She could unveil some ideas about the current state of the US labor market, which influences rate hike decisions.

The session ends with remarks from Federal Reserve Bank of Atlanta President Raphael Bostic on the current economic outlook and monetary policy configuration. He starts at 16:30 GMT.

Wednesday

Fed Bank of Minneapolis President Neel Kashkari kicks off the session with opening remarks at Tribal Community Perspectives in Minneapolis on Higher Education at 13:15 GMT.

Second in the day is Federal Reserve Bank of St. Louis President James Bullard. He will give a speech on the economic outlook and monetary policy in Kirksville, Missouri at 17:30 GMT.

Federal Reserve Board Governor Lael Brainard appears once again to speak at 18:00 GMT on "Labor Market Disparities and the Mission of the Federal Reserve" at the “Banking and the Economy: A Forum for Minority Bankers”, an event organized by the Fed Bank of Kansas City.

Thursday

Bank of Japan Governor Haruhiko Kuroda will collaborate with a short speech at the annual meeting of Japanese securities firms. He is up at 06:35 GMT. Market players will monitor his remarks in search for further details on the future of monetary policy.

Federal Reserve Vice Chair Stanley Fischer is due to speak in London on "Developments in Central Banking". His speech takes place at the Bank of England’s Independence 20 Years On Conference and it is scheduled as of 14:00 GMT.

Federal Reserve Bank of Kansas City President Esther George will be commenting on "The US Economy and Monetary Policy" at the "Banking and the Economy: A Forum for Minority Bankers" at 13:45 GMT.

Friday

ECB President Mario Draghi will be chatting with Bank of England Governor Mark Carney at the 20 Years On Conference event hosted by the BoE. The talk is due at 14:15 GMT.

Federal Reserve Bank of Philadelphia President Patrick Harker is set to speak on "Economic Outlook, Financial Technology" at "Fintech: The Impact on Consumers, Banking, and Regulatory Policy" event organized by the Federal Reserve Bank of Philadelphia as of 15:00 GMT.

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