The Australian Financial Review ” RBA shifts to neutral guidance, Philip Lowe says rates outlook is more balanced ” (may be gated) As I said this earlier, this a big shift from what has been a slow to respond RBA.
UBS have changed their forecasts from the rbaa Reserve Bank of Australia cash rate – Now see two 25bp rate cuts ahead – Cut in November 2019 – Followed by another in the first half of 2020 This comes after Governor Lowe switched the bank to a neutral from a tightening bias.
Macquarie Bank with a take on Reserve Bank of Australia Governor Lowe yesterday and his shift to neutral for the bank —- AUD dropped on Lowe yesterday and extended the fall in following hours and overnight. Its been the NZD lower so far today in Asia on the back of the weaker than expected jobs…
Federal Reserve Board Chairman Powell is speaking with teachers in a ‘town hall’ style meeting in Washington and also via an accompanying webcast Powell will respond to questions, so a heads up for his views on the economy and policy.
Former Fed chair Yellen on the outlook The 2015/16 period is more interesting than it looks on many charts. Oil and commodity prices imploded and business investment cratered. It could have easily ended in recession if not for Chinese stimulus and central banks making a dovish shift.
Bloomberg report on JPM cranking up the risk level, including: – Shift away from gold – Buy a basket of U.S. stocks sensitive to China and tradeLift credit to neutral from underweight JPM citing:
BOJ governor Haruhiko Kuroda speaks in parliament – Expects consumer inflation to gradually accelerate towards 2% – Japan’s economy has improved significantly since 2013 ForexLive
I had the headline earlier, but not much more than that: A little more now: via Reuters recap ForexLive
Earlier from Reserve Bank of Australia Governor Lowe, dropping the Bank’s tightening bias:: Couple of bank comments. NAB: – the outlook for the unemployment rate and the labour market are key for monetary policy CBA:
DB had forecast a rate hike from the Reserve Bank of New Zealand in H2 of 2019 – Have now revised to expecting a hike in Q2 of 2020 instead Citing – the employment report earlier today, it’ll have an impact on the RBNZ Gives RBNZ little scope to hike this year