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Speakers
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Swiss SECO March Economic Forecasts maintained its 2021 GDP growth forecast at 3.0% while raising the 2022 GDP growth from 3.1% to 3.3%. Raised 2021 CPI from 0.1% to 0.4% and raised the 2022 CPI from 0.3% to 0.4%
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BOJ might tweak a three-tier deposit system at next week s policy review to exempt a larger portion of reserves from negative interest rates ( Note: move would aim to mitigate the pain negative rates inflict on financial institutions profits). To debate whether 10-year JGB yields should be allowed to move flexibly around the 0% target
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China Premier Li Keqiang stated that the domestic recovery would create more jobs but employment pressures remain large in 2021. Pro-job policies to be maintained and in some ways strengthened. To create more jobs through market forces and hope to exceed job creation target for 2021. Wanted to promote high quality and sustainable growth; too fast a pace will not be steady. No need to suddenly shift economic