Central Banks

Minutes of the November 5 FOMC Some market participants expected the Committee to eventually lengthen the weighted average maturity of the Federal Reserve’s purchases of Treasury securities. Meeting participants generally saw the current QE pace and composition as effective While participants judged that immediate adjustments to the pace and composition of asset purchases were not
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Fed’s Bullard discusses economic outlook Fed’s Bullard is due to speak at 1:20 PM ET on the economic outlook. Bullard has been more hawkish generally. He last spoke on November 13. At that time he said Sees room for US unemployment to improve substantially Monetary and fiscal policy have been very effective Execution of risk-based
Reserve Bank of Australia  November policy meeting minutes  board prepared to do more if needed, policy focused on bond buying outlook dependent on successful containment of the coronavirus not sensible to cut rates further, negative rates extraordinarily unlikely board does not expect to raise rates for at least three years no hike until actual inflation
The Federal Reserve’s next Federal Open Market Committee meeting is mid-Dec. Standard Chartered analysts say the Fed could ease policy again prior to then. Due to  the huge surge in COVID-19 infections  the stumbling over further stimulus in a now ‘lame duck’ Congress Stan Chart analysts say if the Fed considers it necessary to ease
BOJ introduces a special deposit facility that will run for three years +0.1% interest p.a. will be paid to excess reserves in special deposit facility That is provided eligible financial institutions meet certain requirements Full release The requirements laid out by the BOJ are as per the following: Being committed to contributing to sustainable development
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment;
The central banks are listed below with their current state of play. The link for each central bank is included under the title of the bank and the next scheduled meeting is in the title too. Reserve Bank of Australia, Governor Phillip Lowe,0.25%, meets 03 November Going into their latest October meeting some analysts had
Bank of Canada decision coming on Wednesday The Bank of Canada decision is due at 1400 GMT on Wednesday and expectations for any kind of policy shift are low. However there will almost certainly be an upgrade to growth projections as Canada — like almost every economy — has rebounded faster than economists initially anticipated.
Comments from the Fed Governor (and rumored Treasure Sec candidate) Premature withdrawal of fiscal aid risks entrenching recessionary dynamics US recovery highly uneven, highly uncertain Q3 GDP has likely recovered more than half of its H1 decline Financing conditions favorable for large businesses, tight for small businesses Labor market improvement rapid but uneven, easiest gains
ECB governing council member, Olli Rehn, remarks in a Reuters interview The new economic realities guiding the Fed also applies to Europe From an economic and social welfare view, it makes sense to accept a certain period of inflation overshooting while taking into account history of undershooting It is worth exploring the merits of average
BOE Andrew Bailey on the wires BOE’s Bailey is speaking on a virtual webinar and says: We think risks are all on the downside.   On negative rates don’t know precisely how quickly they could be implemented answer depends on responses from banks to BOE consultation we are not thinking about them in terms of the policy
A couple of central bank speak on the agenda this morning Let’s just dive straight into the details: 0725 GMT – BOE’s Bailey, ECB’s Schnabel participate in a panel discussion They will be involved in the SRB annual conference on banking stability, discussing the impact of the coronavirus crisis. There is likely to be remarks
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BOJ quarterly report big manufacturers index -27 (Reuters poll: -23, prior was -34) big manufacturers index three months ahead seen at -17 (Reuters poll: -17) big non-manufacturers index -12 (Reuters poll: -9, prior -17) big non-manufacturers index three months ahead seen at -11 (Reuters poll: -9) small manufacturers index -44 ( -38) small manufacturers index
Chicago Fed Pres. Evans speaking more fiscal relief needed, cites large potential hole in aggregate demand as prior 8 expires United States taking serious, unnecessary risks by not extending more federal aid to out of work households people, businesses and minority neighborhoods have borne unfair, outsize burden from pandemic recession inclusive recovery difficult until we’ve
Reserve Bank of Australia Deputy Governor Debellse spoke yesterday: Rabobank make a point that needs to be made more often (made here at ForexLive quite often) – the bolded words … : AUD … is worst-placed for a US-China decoupling, the RBA’s Debelle just gave a speech in which he said a lower AUD would