RBA's Harper says stronger than expected domestic demand and reemergence of capacity constraints have widened the output gap again and markets are now anticipating that the bank would have to address this

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RBA's Harper says stronger than expected domestic demand and reemergence of capacity constraints have widened the output gap again and markets are now anticipating that the bank would have to address this

Japanese Finance Minister Katayama refrains from commenting on FX intervention and current FX levels, while she says volatility in oil markets remain and prepared to take appropriate action

Thai S&P Global Manufacturing PMI (May) 52.60 (Prev. 52.70)

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Says:

  • Persistent inflation is a genuine concern.
  • Market measures of inflation have gone up, which is a worry.

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