Decision was unanimous

The rand is a bit stronger after the news. Kganyago said future decisions are data dependent.

ForexLive

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Thu 19 Sep 2019 13:00:15 GMT

1

US Fed funds 2.25% vs 2.30% prior

Fed funds effective rate Fed funds breached the target yesterday on short-term funding strains. The FOMC cut the Fed funds rate to 1.75-2.00% yesterday so that's the new target range. They also lowered IOER to help relieve pressure.

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US Fed funds 2.25% vs 2.30% prior


Adam Button
Thu 19 Sep 2019 13:00:15 GMT
Author: Adam Button
Category: Central Banks
1


Fed funds effective rate Fed funds breached the target yesterday on short-term funding strains. The FOMC cut the Fed funds rate to 1.75-2.00% yesterday so that's the new target range. They also lowered IOER to help relieve pressure.

Asset 24 View More
Trade ideas thread - European session 18 September 2019
Asset 41
Thu 19 Sep 2019 12:30:23 GMT

Philadelphia Fed business outlook Index for September 12.0 versus 10.5 estimate

Philadelphia Fed business Outlook index for September 2019 Better than expectations but less then the last months. Prices are moving higher. In this month's special questions, the firms were asked about spending plans related to achieving capital growth 

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Philadelphia Fed business outlook Index for September 12.0 versus 10.5 estimate


//az705044.vo.msecnd.net/20190919/2019-09-19_5-35-25.jpg Greg Michalowski
Thu 19 Sep 2019 12:30:23 GMT
Category: Central Banks
0
Philadelphia Fed business Outlook index for September 2019 Better than expectations but less then the last months. Prices are moving higher. In this month's special questions, the firms were asked about spending plans related to achieving capital growth 

Asset 24 View More
Thu 19 Sep 2019 12:30:10 GMT

US Q2 current account balance -$128.2B vs -$127.4B expected

US second quarter current account data: ForexLive

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US Q2 current account balance -$128.2B vs -$127.4B expected


Adam Button
Thu 19 Sep 2019 12:30:10 GMT
Author: Adam Button
Category: Central Banks
0
US second quarter current account data: ForexLive

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Thu 19 Sep 2019 11:00:02 GMT

BOE leaves bank rate unchanged at 0.75%; votes 0-0-9

BOE announces its latest monetary policy decision - 19 September 2019 - 0.75% - Official bank rate votes 0-0-9 vs 0-0-9 expected - Asset purchase target £435 billion

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BOE leaves bank rate unchanged at 0.75%; votes 0-0-9


//az705044.vo.msecnd.net/20190207/boe.png Justin Low
Thu 19 Sep 2019 11:00:02 GMT
Author: Justin Low
Category: Central Banks
0
BOE announces its latest monetary policy decision - 19 September 2019 - 0.75% - Official bank rate votes 0-0-9 vs 0-0-9 expected - Asset purchase target £435 billion

Asset 24 View More
Thu 19 Sep 2019 10:48:32 GMT

2

ECB's Coeure: Fiscal policy is needed to take burden off monetary policy

The ECB should just stick this message on their building in Frankfurt It's funny how they actively avoided in trying to be political in commenting about government actions and then all of a sudden, it's just about all we hear now since last week.

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ECB's Coeure: Fiscal policy is needed to take burden off monetary policy


Justin Low
Thu 19 Sep 2019 10:48:32 GMT
Author: Justin Low
Category: Central Banks
2
The ECB should just stick this message on their building in Frankfurt It's funny how they actively avoided in trying to be political in commenting about government actions and then all of a sudden, it's just about all we hear now since last week.

Asset 24 View More
Thu 19 Sep 2019 10:17:19 GMT

SNB's Jordan: Must expect low rates globally to continue for some time

Comments by SNB chief, Thomas Jordan, after the policy decision earlier - Raising bank threshold for negative rates not a result of political pressure - There is big public support for monetary policy Not much else from Jordan and certainly no hints about whether or not the SNB may add stimulus any time soon. In this case, continue to keep an eye out on the sight deposits data as increased intervention in that regard may be one the first signs that the SNB could be looking to cut rates further in the near future.

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SNB's Jordan: Must expect low rates globally to continue for some time


//az705044.vo.msecnd.net/20190919/9-19-2019-6-14-19-pm.png Justin Low
Thu 19 Sep 2019 10:17:19 GMT
Author: Justin Low
Category: Central Banks
0
Comments by SNB chief, Thomas Jordan, after the policy decision earlier - Raising bank threshold for negative rates not a result of political pressure - There is big public support for monetary policy Not much else from Jordan and certainly no hints about whether or not the SNB may add stimulus any time soon. In this case, continue to keep an eye out on the sight deposits data as increased intervention in that regard may be one the first signs that the SNB could be looking to cut rates further in the near future.

Asset 24 View More
Thu 19 Sep 2019 10:09:50 GMT

ECB's Rehn: Data points to muted inflation outlook for a long time

Comments by ECB governing council member, Olli Rehn - Concerned about impact of global slowdown on the euro area - ECB is providing substantial monetary stimulus ForexLive

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ECB's Rehn: Data points to muted inflation outlook for a long time


//az705044.vo.msecnd.net/20190506/this-is-fine.gif Justin Low
Thu 19 Sep 2019 10:09:50 GMT
Author: Justin Low
Category: Central Banks
0
Comments by ECB governing council member, Olli Rehn - Concerned about impact of global slowdown on the euro area - ECB is providing substantial monetary stimulus ForexLive

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Thu 19 Sep 2019 07:30:14 GMT

SNB leaves policy rate unchanged at -0.75%

SNB announces its latest monetary policy decision - 19 September 2019 - -0.75% ForexLive The notable thing in the decision here is that the SNB has tweaked its basis for interest on deposits. To be more clear, they adjusted the basis for calculating negative interest on sight deposits that are held with the central bank.

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SNB leaves policy rate unchanged at -0.75%


//az705044.vo.msecnd.net/20171127/snb.png Justin Low
Thu 19 Sep 2019 07:30:14 GMT
Author: Justin Low
Category: Central Banks
0
SNB announces its latest monetary policy decision - 19 September 2019 - -0.75% ForexLive The notable thing in the decision here is that the SNB has tweaked its basis for interest on deposits. To be more clear, they adjusted the basis for calculating negative interest on sight deposits that are held with the central bank.

Asset 24 View More
Thu 19 Sep 2019 07:23:59 GMT

BOJ's Kuroda: It could be possible that BOJ won't ease at next meeting

Kuroda not giving anything away just yet - BOJ won't allow yields to fall for a prolonged period below its target - Will take appropriate market operation steps if needed ForexLive

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BOJ's Kuroda: It could be possible that BOJ won't ease at next meeting


//az705044.vo.msecnd.net/20190919/9-19-2019-3-20-59-pm.png Justin Low
Thu 19 Sep 2019 07:23:59 GMT
Author: Justin Low
Category: Central Banks
0
Kuroda not giving anything away just yet - BOJ won't allow yields to fall for a prolonged period below its target - Will take appropriate market operation steps if needed ForexLive

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Thu 19 Sep 2019 07:13:26 GMT

BOJ's Kuroda: Deepening negative rates among options if BOJ were to ease more

Further comments by BOJ governor, Haruhiko Kuroda - No policy option takes priority over others if BOJ were to introduce more easing - It would depend on conditions at the time ForexLive

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BOJ's Kuroda: Deepening negative rates among options if BOJ were to ease more


//az705044.vo.msecnd.net/20190322/kuroda-wtf.png Justin Low
Thu 19 Sep 2019 07:13:26 GMT
Author: Justin Low
Category: Central Banks
0
Further comments by BOJ governor, Haruhiko Kuroda - No policy option takes priority over others if BOJ were to introduce more easing - It would depend on conditions at the time ForexLive

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Thu 19 Sep 2019 07:00:33 GMT

BOJ's Kuroda: Central bank has become more inclined to ease now than at the last meeting

BOJ governor Haruhiko Kuroda still commenting in his press conference ForexLive

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BOJ's Kuroda: Central bank has become more inclined to ease now than at the last meeting


Justin Low
Thu 19 Sep 2019 07:00:33 GMT
Author: Justin Low
Category: Central Banks
0
BOJ governor Haruhiko Kuroda still commenting in his press conference ForexLive

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Thu 19 Sep 2019 06:54:57 GMT

BOJ's Kuroda: Doesn't think that momentum to hit price goal is lost currently

Further comments by Kuroda - Doesn't think that economic outlook is deteriorating rapidly - External demand is weak but domestic demand remains firm - BOJ main scenario of a pickup in global growth hasn't changed ForexLive

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BOJ's Kuroda: Doesn't think that momentum to hit price goal is lost currently


//az705044.vo.msecnd.net/20190108/boj-kuroda.png Justin Low
Thu 19 Sep 2019 06:54:57 GMT
Author: Justin Low
Category: Central Banks
0
Further comments by Kuroda - Doesn't think that economic outlook is deteriorating rapidly - External demand is weak but domestic demand remains firm - BOJ main scenario of a pickup in global growth hasn't changed ForexLive

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Thu 19 Sep 2019 06:42:53 GMT

BOJ's Kuroda: We will closely examine prices, economy at next meeting

It does not look like a whole lot of debate on additional easing took place - Each respective central bank guides monetary policy based on their own economies ForexLive

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BOJ's Kuroda: We will closely examine prices, economy at next meeting


//az705044.vo.msecnd.net/20190321/boj-kuroda.png Justin Low
Thu 19 Sep 2019 06:42:53 GMT
Author: Justin Low
Category: Central Banks
0
It does not look like a whole lot of debate on additional easing took place - Each respective central bank guides monetary policy based on their own economies ForexLive

Asset 24 View More
Thu 19 Sep 2019 06:32:38 GMT

BOJ's Kuroda: Japanese economy is expanding moderately

BOJ governor Haruhiko Kuroda begins his press conference - Downside risks from overseas economies are increasing - BOJ won't hesitate to ease further if risks threatening price momentum rise Nothing that jumps out from the script so far by Kuroda. This is very much the same old stuff that has been said before. USD/JPY holds weaker still around 107.92 currently.

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BOJ's Kuroda: Japanese economy is expanding moderately


Justin Low
Thu 19 Sep 2019 06:32:38 GMT
Author: Justin Low
Category: Central Banks
0
BOJ governor Haruhiko Kuroda begins his press conference - Downside risks from overseas economies are increasing - BOJ won't hesitate to ease further if risks threatening price momentum rise Nothing that jumps out from the script so far by Kuroda. This is very much the same old stuff that has been said before. USD/JPY holds weaker still around 107.92 currently.

Asset 24 View More
Thu 19 Sep 2019 02:58:32 GMT

CBA brings its RBA rate cut call forward to October

Reserve Bank of Australia meeting is October 1 - CBA citing the jobs data earlier (link: ) - 25bp cut in October (CBA previously calling November)  Jobs data a 'smoking gun that will force the RBA's hand

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CBA brings its RBA rate cut call forward to October


Eamonn Sheridan
Thu 19 Sep 2019 02:58:32 GMT
Category: Central Banks
0
Reserve Bank of Australia meeting is October 1 - CBA citing the jobs data earlier (link: ) - 25bp cut in October (CBA previously calling November)  Jobs data a 'smoking gun that will force the RBA's hand

Asset 24 View More
Thu 19 Sep 2019 02:49:21 GMT

3

BOJ announce September policy decision - unchanged

Bank of Japan monetary policy statement for September 2019 - policy balance rate unchanged at -0.1% - 10 year JGB yield target unchanged at about 0% - interest rates, asset purchase amounts unchanged

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BOJ announce September policy decision - unchanged


Eamonn Sheridan
Thu 19 Sep 2019 02:49:21 GMT
Category: Central Banks
3
Bank of Japan monetary policy statement for September 2019 - policy balance rate unchanged at -0.1% - 10 year JGB yield target unchanged at about 0% - interest rates, asset purchase amounts unchanged

Asset 24 View More
Thu 19 Sep 2019 02:35:12 GMT

Preview - BOJ likely to widen target band for BOJ yields

Nomura on what to expect from the Bank of Japan … but read on, maybe not when we expect! - probability high the BOJ will expand the targeted 10-year JGB yield range to about 30 basis points either side of zero, from around 20bps currently

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Preview - BOJ likely to widen target band for BOJ yields


Eamonn Sheridan
Thu 19 Sep 2019 02:35:12 GMT
Category: Central Banks
0
Nomura on what to expect from the Bank of Japan … but read on, maybe not when we expect! - probability high the BOJ will expand the targeted 10-year JGB yield range to about 30 basis points either side of zero, from around 20bps currently

Asset 24 View More
Thu 19 Sep 2019 02:33:56 GMT

ICYMI - BOJ statement due any time now

There is no firmly scheduled time for the Bank of Japan announcement 0230 to 0330 GMT is a good bet, check out that post for why. For previews, they are down the bottom of that post, and more here:

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ICYMI - BOJ statement due any time now


Eamonn Sheridan
Thu 19 Sep 2019 02:33:56 GMT
Category: Central Banks
0
There is no firmly scheduled time for the Bank of Japan announcement 0230 to 0330 GMT is a good bet, check out that post for why. For previews, they are down the bottom of that post, and more here:

Asset 24 View More
Thu 19 Sep 2019 01:15:20 GMT

PBOC sets USD/CNY reference rate for Thursday at 7.0732 (vs. yesterday at 7.0728)

People's Bank of China with the daily mid rate for onshore yuan Barely changed again today. Expectations I had seen were for a weaker yuan than this.  PBOC injecting 120bn yuan in 7 day RRs today. 

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PBOC sets USD/CNY reference rate for Thursday at 7.0732 (vs. yesterday at 7.0728)


Eamonn Sheridan
Thu 19 Sep 2019 01:15:20 GMT
Category: Central Banks
0
People's Bank of China with the daily mid rate for onshore yuan Barely changed again today. Expectations I had seen were for a weaker yuan than this.  PBOC injecting 120bn yuan in 7 day RRs today. 

Asset 24 View More
Thu 19 Sep 2019 00:42:56 GMT

1

NZ GDP cements expected RBNZ rate cuts

ASB on the New Zealand GDP data and what it means for the Reserve Bank of New Zealand   (bolding mine) NZD remains soft: ForexLive

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NZ GDP cements expected RBNZ rate cuts


https://az705044.vo.msecnd.net/20190919/nzdusd-gdp.png Eamonn Sheridan
Thu 19 Sep 2019 00:42:56 GMT
Category: Central Banks
1
ASB on the New Zealand GDP data and what it means for the Reserve Bank of New Zealand   (bolding mine) NZD remains soft: ForexLive

Asset 24 View More
Thu 19 Sep 2019 00:12:09 GMT

BOJ monetary policy decision due today - to "keep its gun powder dry"

The Bank of Japan statement is later: What time is the BOJ announcement expected today? Here's the guide. Most expect no change to policy, but for previews:

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BOJ monetary policy decision due today - to "keep its gun powder dry"


https://az705044.vo.msecnd.net/20190919/kuroda.png Eamonn Sheridan
Thu 19 Sep 2019 00:12:09 GMT
Category: Central Banks
0
The Bank of Japan statement is later: What time is the BOJ announcement expected today? Here's the guide. Most expect no change to policy, but for previews:

Asset 24 View More
Wed 18 Sep 2019 23:39:04 GMT

A Fed dots "who's who" says another rate cut this year

Here is a different response to the Federal Open Market Committee today, not hawkish! Via Dr. Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital here in Australia (bolding mine):

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A Fed dots "who's who" says another rate cut this year


Eamonn Sheridan
Wed 18 Sep 2019 23:39:04 GMT
Category: Central Banks
0
Here is a different response to the Federal Open Market Committee today, not hawkish! Via Dr. Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital here in Australia (bolding mine):

Asset 24 View More
Wed 18 Sep 2019 23:14:17 GMT

HK cuts base rate by 25bps

The Hong Kong Monetary Authority (think of them as Hong Kong's central bank) follows Fed rate moves pretty much.  Like now, have cut the bas rate by 25bps

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HK cuts base rate by 25bps


Eamonn Sheridan
Wed 18 Sep 2019 23:14:17 GMT
Category: Central Banks
0
The Hong Kong Monetary Authority (think of them as Hong Kong's central bank) follows Fed rate moves pretty much.  Like now, have cut the bas rate by 25bps

Asset 24 View More
Wed 18 Sep 2019 22:33:58 GMT

More FOMC responses incoming … hawkish cut theme solidifies

A few snippets from analyst responses to the Fed rate cut Wednesday: BNZ, in brief, a handy summary if you need: Nordea: Scotia: ForexLive

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More FOMC responses incoming … hawkish cut theme solidifies


https://az705044.vo.msecnd.net/20190918/carney-powell.png Eamonn Sheridan
Wed 18 Sep 2019 22:33:58 GMT
Category: Central Banks
0
A few snippets from analyst responses to the Fed rate cut Wednesday: BNZ, in brief, a handy summary if you need: Nordea: Scotia: ForexLive

Asset 24 View More

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