BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Today, Federal Reserve Open Market Committee (FOMC) will release minutes of its March meeting, which is the biggest event risks for Dollar based pairs. Today’s minutes is of particular interest to have a feel, which camp within FOMC gaining momentum.
- Key to watch out will be the sets of risks to U.S. economic outlook, other than strong USD.
- ‘Many’, ‘some’, these are the wording that will require close scrutiny to have a feel, how many policymakers are in which camp, dovish or hawkish.
- Outlook for hikes, as policymakers skipped March, any hints for what might occur in April.
Today’s minutes may prove positive for Dollar, since at one hand market has largely priced in the 50 basis points rate reduction in expectations in March meeting and Dollar is hovering around key support area.
Moreover it is likely to be mentioned that many members feel that another 25 basis points hike to be required over next few meetings.
Recent commentaries from several FOMC board members such as James Bullard, Charles Evans, Janet Yellen, suggested that FOMC is increasingly becoming hawkish and the committee has started looking like a dovish Chairperson with several hawkish members.
