BCB Director David says we have seen signs that monetary policy is working; we are in the process of calibrating interest rates
Director David's comments suggest a cautious optimism about the effectiveness of current monetary policy in addressing economic conditions.
Duke Energy (DUK) to reflect purchased power costs in customer rates from June 1st; requests recovery of USD 500mln for Carolinas and USD 309mln for progress in winter costs
US Treasury Secretary Bessents says met with French Minister of Finance yesterday to discuss ongoing economic cooperation between the United States and France
BCB Director David says we have seen signs that monetary policy is working; we are in the process of calibrating interest rates
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US Treasury Secretary Bessent discussed maintaining Iran pressure in Saudi meeting with Saudi Minister
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- Labour market is tighter than ideal, but we know it is the last one to come back.
- We are not going to bring inflation down through currency moves.
His acknowledgment of a tighter labor market indicates a recognition of potential inflationary pressures, yet emphasizes that currency interventions will not suffice to combat inflation, which may signal a gradual approach to interest rate adjustments. Overall, this could imply a more measured path ahead for rates as the central bank calibrates its policy response.
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