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Bank of England Member of the Monetary Policy Committee Catherine Mann takes part in the Fireside chat at the Federal Reserve Board of Governors IF 75th anniversary conference, Washington DC. Rising inflation numbers in the UK are weighing on marekt expectations of further Bank of England rate cuts. Ears open if Mann refers to this.
Later we’ll have meeting minutes from the most recent Reserve Bank of Australia meeting, back in May, when the Bank cut its cash rate again:
Later still is the private survey manufacturing PMI from China for May. On the weekend we got the official PMIs, manufacturing improved from April but remained in contraction:
Chinese and New Zealand markets reopen today after a holiday monday.
This article was written by Eamonn Sheridan at www.forexlive.com.
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