Dallas Fed President speaks Speaking on CNBC ForexLive
Poloz confirms the pause – Pace of increases remains ‘decidedly data dependent’ – Repeats that neutral is ‘in the neighbourhood’ of 2.50-3.50% (1.75% is current rate) This is Poloz’s last scheduled speech in 2018 and that makes it highly unlikely he will
BOJ deputy governor Wakatabe speaks in Niigata – Benefit of easing is exceeding its side effects – BOJ has tools left to ease policy if needed – There is room for further stimulus if necessary ForexLive
The BOC is due at the top of the hour The Bank of Canada isn’t expected to make a move on the 1.75% benchmark rate at the top of the hour. The market is pricing in a 0% chance of a hike and a 6.0% chance of a surprise cut.
According to Reuters – Some policymakers favour hiking only the deposit rate at first – Door is open for new TLTROs – Suggestion is to make it permanent and at a floating rate ForexLive
BOJ governor Haruhiko Kuroda comments in Tokyo – Economic moves were smooth overall in 2018 – Will watch for local, foreign trends while deciding on policy ForexLive
Further comments by BOJ deputy governor Masazumi Wakatabe ForexLive He’s not really painting a bright picture of the Japanese economy here. This follows earlier comments in the day in which he said Japan could slip back into deflation again if further downside pressure persists in the economy.
People’s Bank of China has conducted no reverse repos for 30 days in succession And didn’t again today But they have just added 187bn yuan – via the 1 year medium term lending facility
Bank of Japan Governor Kuroda is speaking in the Japanese parliament This … Headlines via Reuters is a hoot. I been hearing it around the traps past months (and longer) … raise rates now so if there is a recession we can cut rates …. roughly translated this means:
People’s Bank of China gives back some of the onshore yuan strength evident over the past 2 days PBOC skips open market operations again today (this is for the 30th session in a row)