In case you missed the events from earlier:That leaves the BOE as the final major central bank policy decision for the year. But unlike the Fed and BOJ, this one should be a more uneventful and straightforward one.The BOE is expected to keep the bank rate unchanged...
Morgan Stanley expects two 25 bps Fed rate cuts in 2025 (from the 3 prior forecast)
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ForexLive Asia-Pacific FX news wrap: Bank of Japan leaves rates unchanged, yen slumps
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Recapping the Bank of Japan monetary policy decision today – rates unchanged again
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Reserve Bank of New Zealand forecast to cut by 50bp in February, then by 25 in April & May
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USD/JPY jumps above 155.20 after BoJ votes 8 – 1 to leave rates unchanged again
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Bank of Japan comprehensive review on past monetary easing steps
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Bank of Japan leaves rates unchanged, as expected
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The BoJ hiked rates in March and July – how is December shaping up?
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Westpac forecasts the Reserve Bank of New Zealand to cut cash rate to 3.25% by May 2025
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The wait for the Bank of Japan Statement is now live!
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ICYMI – Federal Reserve Chair Powell says “We’re not allowed to own bitcoin”
Federal Reserve Chair Powell covered a lot of ground in his press conference today, with the emphasis on, of course, the outlook for monetary policy. He was asked by a reporter though if he sees value in the U.S. government building a bitcoin reserve. Powell was not...
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Three reasons China is taking over the global car market
OK, I'll admit it, my headline is a little but overblown. But, the rise of Chinese carmakers is sending shock waves through the global auto industry. For example:Via the Wall Street Journal (gated):In the U.S., General Motors said this month it was taking $5 billion...
PBOC sets USD/ CNY reference rate for today at 7.1911 (vs. estimate at 7.3165)
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FOMC topside inflation risk surge (from 3 in September to 15 in December)
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Australian Inflation Expectations (December 2024) 4.2% (prior 3.8%)
Melbourne Institute Survey of Consumer Inflation Expectations in Australia for December 2024. Jumped to 4.2% from 3.8% in November. This is what I put together before today's data (which I might have to rethink!):Its recently indicated a decline in consumer inflation...
The PBOC is expected to set the USD/CNY reference rate at 7.3165 – Reuters estimate
The Bank will face a battle propping up the yuan today***People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or...
New Zealand December business confidence 62.3 (prior 64.9)
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The Hong Kong Monetary Authority has cut its base interest rate by 25bp, as expected
The Hong Kong Monetary Authority (HKMA) is Hong Kong’s de facto central bank.Its barely worth posting that they have cut their benchmark rate. They automatically match moves from the Federal Reserve's Federal Open Market Committee (FOMC). But, its an opportunity to...