MNI: FED CHAIR JEROME POWELL SCHEDULED TO SPEAK JULY 2

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

MNI BRIEF: CNB Cuts 2W Repo Rate By 50Bps To 4.75%

MNI China Daily Summary: Thursday, June 27

MNI BRIEF: China EU In Close Communication - MOFCOM

Japan Tokyo Jun Core CPI +2.1% Y/Y

Tokyo Core CPI Ticks Higher, Job-To-Applicant Ratio Eases

MNI JAPAN MAY INDUSTRIAL OUTPUT +2.8% M/M; APRIL -0.9%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Lagarde: Trust Forecast Work, But Don't Always Get It Right

ECB

Q: How confident are you about the ECBs forecasting models? How would a new crisis tool complement existing instruments?

  • A: We have trust in the work that we do. Yes. Do we get all of our forecasts correct? No. Do we trust that we monitor all of the data, apply all of the economic wisdom that we can, that we use as many possible models as possible? Yes we do.
  • We have to be cognizant that when there are major unpredicted events that are not part of past patterns, it is difficult to integrate that into the models.
  • We constantly try to improve on the toolbox based on what works. This will continue to happen in the future.
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