WS #11069
BOJ's Sato says underlying CPI not very strong but wholesale inflation fairly strong; comments on Kuroda stimulus and independence. EU cuts tariff-free steel quotas 33% for close trade partners and gets tough on China amid trade imbalance fears. ECB's Wunsch says case for another hike not as strong; Lane says energy price knock-on effects will take time, suggesting a slower tightening path.
BOJ commentary
BOJ's Sato says underlying CPI not very strong but wholesale inflation fairly strong; comments on Kuroda stimulus and independence.
EU cuts tariff-free steel quotas 33% for close trade partners and gets tough on China amid trade imbalance fears.
ECB's Wunsch says case for another hike not as strong; Lane says energy price knock-on effects will take time, suggesting a slower tightening path.