Daily Global Central Bank Updates (August 9)

1. Federal Reserve - Barkin: There is time to assess whether the economy is normalizing. Goolsbee: It's important to look at longer-term trends, not just current employment data. Schmid: If inflation remains subdued, adjusting policy will be appropriate.

2. Summary of opinions from Bank of Japan policymakers: A small rate hike will not have a tightening effect. Some members stated that given the economic and price trends are in line with expectations, raising rates is appropriate, and inflationary risks should be monitored. Even with a rate hike, the Bank of Japan will still support the economy as a nominal rate of 0.25% is still very accommodative.

3. Japanese Finance Minister Shunichi Suzuki: The specifics of monetary policy are decided by the Bank of Japan, and no comment on remarks by BOJ Deputy Governor Uchida.

4. The Reserve Bank of India kept rates unchanged, with the governor stating that India's economic growth remains strong and inflation is generally on a downward trend. The Monetary Policy Committee will continue to focus on withdrawing accommodative policies. The near-term global economic growth outlook is optimistic, while the medium-term outlook faces significant challenges.

5. Reserve Bank of Australia Governor Bullock: Vigilant on inflation risks and will not hesitate to raise rates if necessary. Demand growth remains too strong. Inflation is not expected to return to the 2-3% target range before the end of 2025. Based on current information, rates are not expected to fall quickly. More evidence is needed to change the view on rates.

6. Former U.S. President Trump: My intuition is better than that of Federal Reserve officials, and the president should have some say in monetary policy.

7. The Bank of Mexico unexpectedly cut rates by 25 basis points.

8. The Central Reserve Bank of Peru lowered the benchmark rate from 5.75% to 5.50%.

9. The Central Bank of Turkey expects inflation to reach 14% by the end of 2025, in line with previous forecasts.

10. Market news: The Central Bank of the Philippines has lifted the ban on establishing digital banks and will allow up to 10 digital banks to operate.
11. A survey by the Reserve Bank of New Zealand shows that third-quarter inflation expectations have fallen to a three-year low, supporting the case for a rate cut. (Jin10 Data App)