Monday, May 29, 2017

· Fed officials agree to shrink balance sheet gradually


Good Afternoon,

Highlights of the week:-

·         Fed officials agree to shrink balance sheet gradually
·         Oil prices fell after OPEC’s decision to extend production cuts
·         No need to deviate from current monetary policy according to ECB’s Draghi; UK Conservative Party’s lead narrowed
·         Inflation in Japan picked up in April
·         Bank of Thailand kept policy rate steady while Singapore’s 1QGDP moderated
·         Malaysia’s 1QGDP jumps to its highest in two years while drop in MGS yields eased

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