ECB's Kocher: ECB will act if inflation outlook deteriorates

Japan finance minister Katayama: prepared to take decisive steps on forex Japanese Finance Minister Katayama noted that the U.S. Treasury's forex report highlighted the bilateral statement affirming that excessive foreign exchange fluctuations are undesirable. Japan Finmin Katayama: Japan and U.S. maintain round-the-clock communication

ECB in Strong Position to Assess Incoming Economic Developments, Nagel Says

The ECB saw no reason to raise rates today, but policymakers hinted at a September rate hike. This remains our base case. We still believe that 2.50% marks the end of this hiking cycle, but developments in the Middle East increase the likelihood that the ECB is forced to implement additional tightening. If they do, that also raises the odds policymakers ...