Central Banks

Bank of Japan Governor Kuroda Speaking to a branch manager meeting Japan’s economy expanding moderately Japan’s economy expected to continue expanding moderately Consumer inflation moving around 1 pct Japan’s financial system maintaining stability BOJ will maintain qqe with yield curve control for as long as needed to achieve 2 pct inflation in stable manner BOJ
What to watch for The FOMC minutes are among the most-overrated releases out there. Generally the trade is to fade any significant move because what’s said in the minutes is always far more nuanced than the headlines. For today, Morgan Stanley thinks the kneejerk reaction will be for a higher US dollar. “The Fed minutes due
This will reignite concerns about Reserve Bank of New Zealand  independence Rightly or wrongly. RBNZ statement: The Secretary to the Treasury, Gabriel Makhlouf, has accepted Reserve Bank Governor Adrian Orr’s invitation to attend monetary policy deliberation and decision meetings as an observer from the end of this month. Mr Orr extended the invitation to deepen Mr
Minutes of the Reserve Bank of Australia October monetary policy meeting Quick headlines via Reuters: : Agreed holding rates steady a source of stability and confidence next move in rates more likely to be up, no strong case for near-term move recent modest fall in AUD helpful for domestic economic growth findings of Royal Commission
Draghi comments in a IMFC statement Uncertainty around inflation outlook is receding Economic indicators suggest that broad-based growth will continue Significant monetary policy stimulus is still needed Underlying inflation is expected to pick up towards the end of the year And it would then increase gradually over the medium-term Sees limited contagion from recent financial
Monetary Authority of Singapore policy decision out now:   Says has decided to increase slightly the slope of the SGDNEER policy band Width of the policy band and the level at which it is centred will be unchanged Says move is consistent with a modest and gradual appreciation path of the S$NEER policy band that
Caveat: Unless the EU bailout in place (Reuters) Large scale emergency liquidity assistancethey also require ECV approval, could be conditional on bailout program OMT (outright monetary transactions) conditional on bailout program Italy seen as test of ECD credibility no appetite to help a single country bending rules for Italy would damage ECD sources highlight bank
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One for the New Zealand dollar traders, this via Bloomberg on the central bank’s independence New Zealand’s central bank made a renewed bid to keep a Treasury Department official away from interest-rate decisions Reserve Bank had already opposed the government’s plan to add a non-voting Treasury official to its new Monetary Policy Committee, which is