Central Banks

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The Federal Reserve as expected hiked rates 25 bps after a two day meeting on Wednesday with Jerome Powell as Chairman. Markets had priced in a 98% chance of a hike. As expected they issued a statement saying strong growth and inflation on target.

ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. Reiterates QE ends in December subject to daa.

The Bank of England voted 9 to 0 to maintain Base Rate at 0.75%. The asset purchase target of £435 billion for corporate and UK government bond purchases was voted unaminous.

Michele Bullock, the Assistant Governor, Financial System of the RBA spoke of The Evolution of Household Sector Risks. Risks  in the residential real estate market appears to be currently low she said.

The Bank of Canada held its key lending rate at 1.50 percent on Wednesday as expected. The BoC said elevated trade tensions remain a key risk to the global outlook and are pulling some commodity prices lower.

The Reserve Bank of Australia (RBA) as expected kept interest rates on hold at the historic low of 1.5 per cent for the 25th consecutive meeting. Household consumption remains a source of uncertainty. Low rates seen supporting economy.

The Reserve Bank of Australia (RBA) as expected kept interest rates on hold at the historic low of 1.5 per cent for the 22nd consecutive meeting. Household consumption remains a source of uncertainty. Inflation seen lower at 1.75% well below the bank's 2-3% Band. 

The Federal Reserve as expected left rates unchanged after a two day meeting on Wednesday with Jerome Powell as Chairman. Markets had priced in a 90% chance of no hike. As expected they issued a statement saying strong growth and inflation on target.

The Bank of Japan delivered its Statement on Monetary Policy and made policy changes as rumored, changing the long term yield target, flexible guidance and is maintaing low rates for 'a very long period of time' with the aim of a sustainable stimulus..

ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. 

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