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.
The Reserve Bank of Australia December monetary policy announcement Summary headlines: Full text: more to come — Background: – (quick comments from ANZ)
The December 2018 Reserve Bank of Australia Monetary Policy Board meeting – decision due at 0330GMT – Governor Lowe statement will accompany the announcement Previews (what to look for in the statement which might have some nuanced change from previous:
BOC decision will be announced at 1500GMT – Consensus is for an on hold decision (cash rate 1.75%) Preview via TD (in brief): TD on the expected CAD response:
Bank of Japan Deputy Governor Masazumi Wakatabe speaking: – BOJ will maintain massive stimulus to nudge up prices to 2 pct target – BOJ must scrutinise impact of policy on markets, financial system His message is on script – maintaining stimulus, yen a touch weaker after comments.
Another big ramp up for the value of the onshore yuan – CNY has not been this strong against the USD since … errr …. September 25 (OK, no that long then) Yesterday the higher CNY was a factor (amongst others) supporting the yen, watch out for the same again today.
Highlights of the minutes of the discount rate meeting ForexLive
BOE adds to the ranks Beaudry will assume his role on Feb 18, according to the BOC. He takes over from Sylvain Leduc, who departed in July. “I am delighted that Paul Beaudry is joining the Bank’s Governing Council,” said Governor Stephen Poloz in a statement. “He is a world-renowned scholar and is already well-known…
More from Williams The implicit meaning is that it’s obvious to raise rates now. Williams has been surprisingly hawkish today. He added that he sees further gradual hikes over the next year or so.
Williams in New York These are some hawkish comments. Williams hasn’t really picked up the same tone as a few other Fed members, who have grown incrementally more cautions. One exception might be his not that inflation isn’t rising and there are no signs of a pickup. Yet at the same time he’s talking about…