Central banks news

RBA’s July Minutes – Cutting Rate to Weaken Aussie and Lower Unemployment Rate

RBA’s minutes for the July meeting revealed that the objective for lowering interest rate in July again was bringing down the unemployment rate and lowering the exchange rate. Unlike the June minutes, the central bank had not hinted more rate ...
Read More

Dovish FOMC Minutes Heighten the Case for July Rate Cut

The FOMC minutes for the June meeting maintained a dovish tone, paving the way for a Fed funds rate cut later this month. The member generally acknowledged downside risks to growth have intensified while heightened uncertainty, in particular in trade ...
Read More

BOC Left Rate Unchanged at 1.75%. Cautious about Trade But Overall Tone Stays Neutral

BOC left the policy rate unchanged at 1.75% yesterday and maintained a neutral tone. Policymakers turned more cautious about the impact of trade tensions on economic activities and noted that global interest rates have been lower over the past months ...
Read More

BOC Preview – Not Following Fed’s Footstep

BOC is expected to leave the policy rate unchanged at 1.75% this week, and for the rest of the year. Data flow since the last meeting has remained resilient, offering the central bank more room to take a wait and ...
Read More

RBA Lowers Policy Rate to Fresh Record Low of 1%

As widely anticipated, RBA lowered the cash rate for a second consecutive month in July. After the -25 bps cut, the policy rate has reached a fresh record low of 1.75%. It is just the beginning of RBA’s new round ...
Read More

RBA Preview – Another -25 bps Rate Cut Expected This Week

We expect to RBA to cut the cash rate, by -25 bps, to 1% in July. Although this would be earlier than RBA’s projection in the May SoMP, it is largely in line with market expectations, which has priced in ...
Read More

RBNZ Review – Stand Pat and Stay Cautions

NZDUSD climbed higher after RBNZ left the OCR unchanged at 1.5%, a well-anticipated move. The members maintained a dovish tone, but not more dovish than in the previous meeting. Although the central bank indicated that interest rates might need to ...
Read More

RBNZ Preview – Maintaining Cautious Tone to Pave Way for Further Cuts

After lowering the policy rate by -25 bps to 1.5% in May, RBNZ would likely remain on hold this month. Domestic economic developments came in largely consistent with policymakers’ projections. Yet, global economic outlook remains uncertain and major central banks ...
Read More

FOMC Review – Divided Fed Signals Rate Cut This Year Still Likely

FOMC left the policy rate unchanged at 2.25-2.50% but with one dissent. St Louis Fed President James Bullard voted against the decision as he proposed to cut the rate by -25 bps. The dot plot projections show that more members ...
Read More

RBA Minutes Indicate More Rate Cuts In Coming Months

RBA, in its June meeting minutes, explicitly noted that the policy rate would be lower. This message came in more dovish than market expectations. The major concern remained in the lackluster improvement in the labor market. RBA cut the bank ...
Read More

BOE Preview – Record Low Interest Rate Remains Intact Despite Recent Hawkish Comments

We expect BOE to leave the policy rate unchanged at 0.75% this week. It would also keep the size of the asset purchase program at 435B pound. Although there has been some noise pushing for a rate hike, we expect ...
Read More

FOMC Preview – Preparing for Rate Cut

The Fed could make a number of changes in the upcoming June FOMC meeting, to pave way for a rate cut in as soon as July. We would focus on three things: updated economic projections, adjustment in the forward guidance ...
Read More
Loading...