Writing a piece in the Nikkei, this from Shirai on where the Bank of Japan should go from here – the likelihood of achieving 2% inflation is low – underlying inflation is weak More:
Reserve Bank of New Zealand monetary policy announcement is due on 27 September at 2100 GMT I posted a preview yesterday here: NZD traders – the RBNZ meet next week, no change expected (no way)
Chair of the Federal Reserve Powell will make brief comments at a Senate event – On Sep 27 – From 4.30pm ET (which is 2030GMT) We’ll be hearing from Powell the day before anyway at his post-FOMC news conference
Goldman Sachs on what’s coming for interest rates The debate around the neutral rate was ramped up by comments from Fed Governor Lael Brainard earlier this month. She advanced the idea that the short-term neutral rate was higher than the long-term rate, which the Fed pegs around 2.75-3.00%.
Praet speech on “Challenges to monetary policy normalization” in New York So far he he’s a tad hawkish. ForexLive
CNBC report I don’t think there’s much here to move the market but the story is that Powell has spent much more time on Capitol Hill than Yellen did. . Read it here
SARB statement highlights The South African central bank has a different way of announcing decisions. The statement is all about the forecasts but they decide on rates and announce them live in the press conference.
SNB meet 20 September 2018 and expected to maintain its target range for 3mth Libor at between minus 0.25 and minus 1.25% Nomura: ForexLive
The Reserve Bank of New Zealand announcement next week is on 27 September at 2100 GMT Its no surprise that there will be no change in rates For one thing, its a OCR announcement only, there will be no Monetary Policy Statement and no media conference following from Governor Orr
Thoughts on the Bank of Japan after yesterday’s monetary policy statement for September Via Pantheon Economics, this in brief: Huh, can’t see a hike before year end myself but an interesting take (ps that is just a very brief summary of the note).