A anecdotal look at the US economy from a Fed district by Fed district view ForexLive
December 2018 interest rate decision. Maintains overnight rate of 1.75%. The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Highlights of the December 5 Bank of Canada decision USD/CAD was trading at 1.3287 shortly before the decision and rose to 1.3371 afterwards. This statement makes it much less likely that the BOC will hike in January. The line about more room for non-inflationary growth is key along with a strong emphasis on the oil…
Japan Post CEO Nagato speaking on a Bloomberg TV interview – sees 1% GDP growth in japan in 2019 Nagato often expresses his opinions on BOJ policy. He is a big wheel in Japan Inc.
Head of supervision at the Federal Reserve Randy Quarles earlier: Fed’s Quarles speaking, no comments on his economic nor monetary policy — Quarles speaking at Stanford on banking
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)
Big move from the PBOC, strengthening CNY (onshore yuan) – the biggest strengthening for the onshore yuan at the daily setting since June of 2017 PBOC skips open market operations (this is for the 28th session in a row!)
If you would like to pore over the December statement, comparing it to November, here are the highlighted changes: Its the final paragraph that encapsulates the Bank’s view … completely unchanged.