Central Banks

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 06 October The RBA At their last meeting on September 01
Central banks doing now what they should have been doing a decade ago The last half of the 2010s was characterized by central banks trying to get back to ‘normal’ or to ‘home’ on interest rates. They were obsessed with getting away from the zero bound, just so they could cut again in the future.
The Federal Reserve rolls out average inflation targeting Fed will target average inflation and put emphasis on ‘broad and inclusive’ employment Shift motivated by underlying changes to the economy including lower potential growth and persistently lower interest rates and low inflation Fed likely to be constrained by its effective lower bound more frequently than in
The FOMC minutes will be released Thursday at 1800 GMT Bank of America Global Research discusses its expectations for tomorrow’s FOMC meeting minute. “The FOMC minutes should provide more detail about the possible strategies Fed officials are discussing to “enhance forward guidance.“ There seems to be a growing consensus that an optimal path is to use outcome
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Reserve Bank of New Zealand Monetary Policy Statement and media conference Due on Wednesday 12 August 2020  at 0200GMT Earlier post: An extract from BNZ’s what to expect: We think the most likely outcome is that the Bank keeps its QE bond buying limit unchanged for now, at $60b.  The Bank still has plenty of capacity
Comments by ECB chief economist, Philip Lane Overall PEPP envelope is a core determinant of ECB’s policy stance There is some rebound in economic activity But level of economic slack remains extraordinarily high The outlook remains highly uncertain Inflation outlook plays the central role in determining appropriate policy stance Nothing that really stands out from
Via CIBC Research on Wednesday’s FOMC policy statement.  “Today’s FOMC announcement unfolded largely as expected, with policymakers commenting that economic activity and employment remain well below where they stood prior to the pandemic, despite picking up somewhat in recent months. Indeed, the outlook has become increasingly uncertain since the last meeting on account of the surge
Reserve Bank of Australia Governor Lowe Q&A now following his earlier speech More (bolding is mine, on AUD and also on the lockdown in Melbourne): would be a mistake to withdraw government support too early says can be assured the RBA will continue its support for the economy  says possible could lower cash rate to
Fed’s Williams speaking in an in review with Yahoo finance sees continued economic recovery in 2nd half US a critical inflection point as infections spike Federal Reserve is far from raising interest rates central bank policymakers have time to craft any forward guidance on future policy this is not a time to think about liftoff
Central bank watch for June The weekend is a perfect time for a quick catch up for where the major central banks are at. 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
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;
Remarks by BOE governor, Andrew Bailey, after the policy decision earlier We will continue to come up with appropriate responses BOE is clearly committed to take action when needed Appropriate that BOE continues with aggressive pace of QE for the moment We will take stock of that, there’s still another meeting before QE completion Information
RBA announces their latest monetary policy decision – 5 May 2020 Reaffirms 0.25% yields target for 3-year government bonds Global economy experiencing a severe downturn Will not increase cash rate until inflation, employment goals are met Australian economy going through a very difficult period There is considerable uncertainty about the outlook Functioning of bond market