BoE Governor Bailey says he is cautious on forward guidance as it is easier to put it in place than to remove it, must be careful of getting tied into views and where rates must go

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BoE Governor Bailey says he is cautious on forward guidance as it is easier to put it in place than to remove it, must be careful of getting tied into views and where rates must go

BoC Governor Macklem says inflation expectations are well anchored, we are going to keep them well anchored

ECB President Lagarde says the risks to the economy are more balanced than they were a few weeks ago.

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Balance Sheet:

  • We will need the system's need for reserves.
  • Want to take interest rate off the balance sheet.

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