Bank of England (BoE) Governor Huw Pill said that there’s a risk that they will draw too much comfort from the dip in inflation that will come in April. He said that they should not overinterpret changes to growth outlook, speaking to businesses on Friday.
Reserve Bank of Australia (RBA) Governor Bullock said on Friday that the board lifted the Official Cash Rate (OCR) because the economy is more capacity constrained than previously judged, meaning policy needed to be tighter.
Spot Silver markets took a fresh beating on Thursday, with XAG/USD tumbling 13% in a single day. Intraday Silver bids have been pushed back onto the bottom end of a 40% peak-to-trough decline that dragged Silver prices sharply down from record highs posted at $121.66 just last week.