RBNZ remains on sidelines, but prefers weak NZD

Oct 29, 2015 08:55 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand did not cut its key rate yesterday night. However, its statement clearly suggests that the recent NZD appreciation is undesirable and might result in a rate cut after all if it is...

Fed's rate hike likely in imminent future

Oct 29, 2015 07:32 am UTC| Commentary Central Banks

The Fed left the door open for a rate hike in December as it dropping its previous warning about the risk global economic and financial development posed to the US economy and repeated that economic activity is expected to...

More BoJ easing likely in near future

Oct 29, 2015 07:01 am UTC| Commentary Central Banks

There is no fixed time for the BoJ policy announcement tonight. It is typically 12:00 to 13:00 local time (03:00 to 04:00 GMT), though has run on considerably longer on some occasions, particularly if the decision is...

If BoJ stands pat, USD/JPY lower, but still supported medium term

Oct 29, 2015 06:32 am UTC| Commentary Central Banks

Even if the BoJ stays on hold as expected at the upcoming meeting, it probably needs to revise both its growth and inflation outlook, as well as its projected timeline (around 1H FY16) for achieving the price stability...

Fed pries door open for December hike

Oct 29, 2015 04:53 am UTC| Commentary Central Banks

The pretty clear-cut change in the forward-looking portion of the statement suggest that the 2015 hikes are not off the table as far as the Fed is concerned. While this decision will continue to be development-dependent,...

Fed's rate hike likely in Q1 16

Oct 29, 2015 04:53 am UTC| Commentary Central Banks

The October FOMC statement was somewhat more hawkish than expectation. Without a press conference and with only six weeks having passed since the September meeting, it is assumed that FOMC members would be unlikely to have...

Fed likely refocusing on the positives, downplaying the negatives

Oct 29, 2015 04:26 am UTC| Commentary Central Banks

The rest of the FOMC statement other than the rate decision was broadly neutral. The economic assessment was mixed, with softer language on the labor market (the pace of job gains slowed) but firmer language on domestic...