Tweeter in chief response in 3, 2, 1 … Aso: – US rate hikes are not a bad thing as they help to sustain economic growth ‘Note to Powell … with friends like these ….
People’s Bank of China daily onshore yuan mid rate PBCO injects funds again today – 140bn yuan through 7-day reverse repos in open market operations (OMOs) No maturing RRs today, net injection 180bn yuan
The minutes of the Reserve Bank of Australia December 2018 meeting – Board agreed next move in rates more likely to be up than down – saw no strong case for a near-term change in policy quick headlines are via Reuters
Reserve Bank of Australia December meeting minutes are due at 0030GMT. I popped a preview up yesterday: – The cash rate has been on hold for years now, Governor Lowe has remarked in the past that the RBA is source of stability. I’d prefer it if they were a source of striving to satisfy…
Trump complains that Fed is considering another hike The tweeter-in-chief has turned his attention to the Fed: “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take…
Bank of Canada Governor Poloz – Is not expecting a recession in 2019 – Canada’s economic fundamentals quite solid I am not sure in which venue Poloz is speaking, I wasn’t expecting comments from him today. Is he on stage with Xi in China? (kidding)
Read the changes in the statement ForexLive
Reserve Bank of Australia December meeting minutes were earlier: Westpac out with a take now, comprehensive and detailed as always, but to jump to their conclusion (in summary, bolding mine):
Highlights of the Federal Reserve decision on December 19, 2018 – Rates hiked 25 basis points – The market was pricing a 72% chance of a hike with most economists expecting the same The overall changes in the statement are minimal with no changes at all in the economic assessment.
Comments from European Affairs minister Loiseau in Paris This is a hint that May could get a better deal but it’s tough to imagine it will be anything but a vague assurance. Tough to envision that getting through parliament.