CBA (Commonwealth Bank of Australia) is out with a note today, saying they expect Japan’s recession will eventually lead to higher unemployment, lower wages, lower government tax revenue and weak business investment, thus sending Japan back into ‘mild deflation’. CBA … Continue reading
The Reserve Bank of New Zealand have just posted up on their website that governor Wheeler will give a speech on December 1: “About Reflections on 25 years of Inflation Targeting”. Text of the speech will be published Its scheduled … Continue reading
The latest poll of economists from Reuters continues to show only a 50% chance of sovereign QE from the ECB. That’s the same as a Nov 13 poll and showed that views haven’t changed since Draghi’s speech on Friday. “Various … Continue reading
ECB sources cited by MNI: Prefer to wait an additional time to assess current measures Q1 2015 time frame for QE decision largely agreed Interim steps before sovereign bond QE not ruled out Interim steps could be changing TLTRO conditions … Continue reading
Prelim prior 0.7%. Q2 0.9% 3.0% unch. Q2 3.2% Exports -0.4% vs -0.1% exp. Prior -1.0% vs -5.2% y/y in Q2 Imports 1.4% vs 0.7% exp. Prior -0.3% Private consumption 0.8% vs 0.6% exp q/q. Prior 0.6% Government spending 1.1% … Continue reading
Can gauge in Q1 if pace of balance sheet expansion is on track to return to early 2012 size If not we will have to consider buying other assets including sov bonds in secondary market Sov QE would be a … Continue reading
Central banks play a critical role in forex market trading by changes in policy that can impact money flows. The U.S. Federal Reserve Bank and others often purchase assets in the open market and directly impact interest rates through quantitative easing. Central banks can change expectations and decisions on interest rates banking institutions lend to each other depend on each country's economic outlook. Get the most updated real-time central bank news from the United States, the U.K. the Euro zone, Africa, the Americas and Asia daily at ForexLive.com. See the ForexLive.com economic calendar and find the most relevant economic data events that can impact currency pairs you trade. Central Bank decisions can move markets, be the first to know by checking our real-time forex updates daily.