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Forex

UPDATE 1-Let’s risk overdoing stimulus for searing COVID hit-BoE’s Saunders

(Adds details, background) LONDON, May 28 (Reuters) – The Bank of England should risk pumping too much stimulus into Britain’s economy rather than too little because of the “searing experience” of the coronavirus crisis which will leave its mark long after the lockdown is lifted, a BoE policymaker said. 

Better to do too much stimulus than not enough – BoE’s Saunders

LONDON, May 28 (Reuters) – Bank of England policymaker Michael Saunders, who voted unsuccessfully for an increase in the central bank’s bond-buying programme this month, said on Thursday it was better to pump too much stimulus into the economy rather than too little. 

CEE MARKETS-Polish zloty stabilises before central bank meeting

By Alan Charlish WARSAW, May 28 (Reuters) – The Polish zloty traded near recent highs on Thursday before a central bank meeting that is expected to leave interest rates unchanged, after a week during which the currency has gained more than 2%. Central Europe’s most liquid currency broke through the psychologically important 4.50-euro 

German inflation to ease in May, regional data suggests

BERLIN, May 28 (Reuters) – Inflation eased in some German states in May, suggesting the national reading will also decelerate and remain far below the European Central Bank’s target, providing further justification for extra stimulus. 

UPDATE 2-Hungarian central bank deputy governor Nagy unexpectedly resigns

* Nagy had been in charge of key areas of monetary policy * Takes up another important leadership position -cbank * Nagy’s credibility had helped shore up forint -analyst * Authority of successor will be key issue for fin markets (Adds analyst comment, market reaction) By Gergely Szakacs BUDAPEST, May 28 (Reuters) – Hungarian central bank Deputy Governor Marton Nagy unexpectedly resigned on Thursday, raising questions about the future direction of the bank’s monetary policy.