ForexLive has a couple of previews posted already for the BoC on Wednesday 18 April 2018 (announcement due at 1400GMT) – Adam’s preview here earlier: – This in brief via Citi: More now, via …
Villeroy in New York – Notes economic growth moderation of late – Says underlying growth momentum is solid and broad based – Recent data don’t alter inflation outlook Translation: We know it’s been poor but we don’t care.
Kaplan on Fox Business – US growth will moderate next year and in 2020 I’ll bring updates from the interview if there are more headlines. Meanwhile, the question for the Fed in the months ahead is whether they will brush aside one-time inflationary items in the same way as they brushed aside one-time deflationary items.…
Adam has a comprehensive preview posted here: Bank of Canada preview: A meeting with global implications Policy statement, rate decision plus the Monetary Policy Report (today with revised revised forecasts) 10am ET (1400GMT)
Highlights of the Bank of Canada interest rate decision – 23 of 25 economists were expecting no change – The OIS market had priced in a 20% chance of a hike – Says progress on inflation and wages reinforces that higher rates will be needed over time USD/CAD rose on the headlines to 1.2610 from…
Dudley spoke at community banking conference NY Fed President Dudley gave the opening remarks at a banking conference in New York but there was nothing notable in the comments. He will speak on the economic outlook at 1915 GMT.
Adam posted a comprehensive preview here earlier: I’m just adding a real quick take one now, this via Citi: I’ll have a little more to come on the Bank of Canada
Fed’s Bostic talks in Atlanta – Hearing about labor shortages “everywhere I go” – Goal for Fed policy should be to get more neutral stance – US economy is in a good place
PBOC to inject CNY 150bn via 7-day reverse repo – No RRs maturing today, thus net injection of 150bn yuan Looks like I missed all the RRR fun!
Preview of the Bank of Canada interest rate decision on April 18, 2018 The Bank of Canada is suddenly a bellwether. Central banks are having a moment of doubt. This was supposed to be the year of global synchronized growth and steadily tightening policy everywhere.