Central Banks

Reserve Bank of Australia October monetary policy decision is due at 0430GMT on Tuesday.  Earlier previews here: Quick thoughts via ASB/CBA on the meeting and Governor Lowe’s speech after: The Governor has recently sounded more downbeat  on the global economy  and geopolitical developments.  The lift in the unemployment rate to 5.3% in August also means
A preview of the European Central Bank meeting this week via TD. Further easing is widely expected (more previews below). We’re on the dovish end of expectations, looking for a 20bps rate cut, alongside the introduction of a tiering system, as well as €40bn/month of QE We’re more comfortable with our forecast for a more
This according to five  ECB sources.. policymakers leaning toward rate cut, tearing, reinforced guidance in September 12 stimulus package Many also support QE, but opposition from some northern states complicates discussion ECB has room for about one year of QED using flexibility under existing rules, no immediate need to change issuer limit Any ECB rate
The Reserve Bank of Australia has published The Reserve Bank’s Corporate Plan for 2019/20 (full thing can be accessed here)  What is it? plan outlines the key functions and purposes of the Bank This on monetary policy: You’ll notice the inflation goal. The ‘over time’ bit gives them some flexibility. I do not believe this
The Federal Open Market Committee July meeting minutes are released on Wednesday 21 August  As a quick what to expect, in brief via UBS: The meeting delivered: 25bp cut upbeat statement tone muddled news conference message  UBS infers from this that the decision was contentious, with some members wanting a larger rate cut, while several
Quarterly publication from the Reserve Bank of Australia, the  Statement on Monetary Policy (SoMP) Full text here: Headlines via Reuters  Board prepared to ease policy if needed, watching labour market closely reasonable to expect extended period of low interest rates near-term risks to economic growth are more to the downside economic forecasts include technical assumption