Reserve Bank of Australia Does Not Rule Out Future Hikes

The Reserve Bank of Australia kept rates unchanged at 4.35% as widely expected by analysts, keeping rates at the highest level since May 2012. RBA Governor Bullock sounded as there was in no hurry to cut rates describing rate risks as “fairly balanced” with inflation still “too high” and said, “a further increase in interest rates cannot be ruled out.” The messaging from the RBA was “we are not ruling in anything or out anything” and “need to stay the … Continue reading “Reserve Bank of Australia Does Not Rule Out Future Hikes”

Focus on Powell, Fed Loan Survey and RBA Interest Rate

The week was surprised by a more hawkish Federal Reserve chair this week over rate guidance and QT parameters though it barely reduced punts for rate cuts at future meetings. We get more from the Fed this week with a Powell 60 minutes interview and the Fed’s loan survey to inform on credit tightening. Also ahead is ECB inflation expectations and monetary policy decisions from Banxico, Peru, RBA, Poland. India and Thailand. There were no surprises last week from the … Continue reading “Focus on Powell, Fed Loan Survey and RBA Interest Rate”

Central Bank Watch – Week Ahead Focus Fed, BOE, Riksbank Amid Irrational Exuberance

The coming week brings out meetings with the Federal Reserve mulling over rate guidance and QT parameters. Nothing is expected from that statement-only outcome and markets have reduced punts for rate cuts at the March 20th and May 1st meetings. We also have the Bank of England, Riksbank, Hungary and several LatAm central banks, Brazil, Chile and Columbia. They are confronted by a new round of developments such as the shipping crisis in the Middle East that injects further uncertainty … Continue reading “Central Bank Watch – Week Ahead Focus Fed, BOE, Riksbank Amid Irrational Exuberance”

Central Bank Watch – Week Ahead Focus BoJ, BoC, Norges, Turkey and ECB

It’s been a quiet start to the year for central bankers, the coming week brings them out confronted by a new round of developments such as the shipping crisis in the Middle East that injects further uncertainty into their plans. We have decisions from Bank of Japan (Tuesday), Bank of Canada, Bank Negara Malaysia (Wednesday), Norges Bank, South African Reserve Bank, Central Bank of Turkey and the European Central Bank (Thursday). Then we have the January 31st FOMC meeting and … Continue reading “Central Bank Watch – Week Ahead Focus BoJ, BoC, Norges, Turkey and ECB”

Central Bank Watch – Week Ahead Focus China, Lagarde, Indonesia and Biege Book

Quiet start to the year for central bankers, National Bank of Poland, Central Reserve Bank of Peru and Bank of Korea decisions all as expected. We did get a hotter CPI print before the January 31st FOMC meeting and with those expectations for the Fed’s preferred PCE measure of inflation on January 26th. Nothing is expected from that statement-only outcome and markets have reduced punts for rate cuts at the March 20th and May 1st meetings. Ahead this week we … Continue reading “Central Bank Watch – Week Ahead Focus China, Lagarde, Indonesia and Biege Book”

Central Bank Watch – Week Ahead Focus on Final CPI Before January 31st FOMC

No surprise with the FOMC minutes as expected though they did the expand rate cut dialogue to remind it isn’t over yet for ates, possibly. For the Fed Thursday brings the final CPI print before the January 31st FOMC meeting and with those expectations for the Fed’s preferred PCE measure of inflation on January 26th. Nothing is expected from that statement-only outcome and markets have reduced punts for rate cuts at the March 20th and May 1st meetings. We also … Continue reading “Central Bank Watch – Week Ahead Focus on Final CPI Before January 31st FOMC”

Central Bank Watch – Week Ahead Focus on Fed Minutes Looking for Clues on Rate Cuts

With the Christmas and New Year’s holidays it’s a very quiet time for Central Banks with no surprises from the BoJ Summary of Opinions and Minutes from the Bank of Korea and Reserve Bank of India. In the New Year it all begins again FOMC minutes to expand on rate cut dialogue with memories of last year’s first Fed meeting that started the rise in rates and sell off in equity markets from record highs still fresh. FOMC Member Barkin … Continue reading “Central Bank Watch – Week Ahead Focus on Fed Minutes Looking for Clues on Rate Cuts”

Central Bank Watch – Week Ahead Focus on BoJ, BoK and RBI Minutes and Opinions

A predictable past week of central bank action, Japan’s BoJ, Columbia’s BanRep, Banco Central de Chile, Hungary’s Central Bank, Bank Indonesia and Central Bank of Turkey all pretty much went to plan. We had big macro numbers that also stayed around consensus including US core PCE, UK core CPI, Japan’s CPI post-BoJ, NZ to issue a mid-year fiscal update and Canadian core CPI. With the Christmas Holidays it’s a very quiet time for Central Banks with just the BoJ Summary … Continue reading “Central Bank Watch – Week Ahead Focus on BoJ, BoK and RBI Minutes and Opinions”

Central Bank Watch – Week Ahead Focus on Post Fed Follow Through and BoJ Monetary Policy

In the past week it was a central bank overload with over a dozen central banks including FOMC, BoK, BCB, BoE, ECB, SNB & Norges Bank Policy Announcements. The Fed was the lone major central bank with speculation on rate cuts this week which sent the bond and stock markets on fire, with the Dow hitting an all-time high Wednesday. The ECB and BoE pushed back while others offered mixed perspectives including Norges Bank’s surprise hike. More central Bank action … Continue reading “Central Bank Watch – Week Ahead Focus on Post Fed Follow Through and BoJ Monetary Policy”

Central Bank Watch – Week Ahead Focus on FOMC, BoE, ECB, SNB & PBoC Monetary Policy

We finish off the year with a plethora of over a dozen Central Banks monetary policy decisions with many on the precipice of preparing to cut rates. Decisions by the Bank of Canada, Reserve Bank of Australia, Poland’s central bank and the Reserve Bank of India who went as expected the past week. The Fed was in its blackout period until the next FOMC. That’s about to change this we get the FOMC, ECB, BoE, PBOC, SNB, Banxico, Norges Bank’s, … Continue reading “Central Bank Watch – Week Ahead Focus on FOMC, BoE, ECB, SNB & PBoC Monetary Policy”