Tomorrow will see the FOMC meeting and here are some of the key factors to consider going into the event. First of all, where are we at regarding tapering? Last…
The Bank of England has been pretty pessimistic for quite some time in its rate statements. However, reading the details has meant that signs of optimism keep sitting under the…
The bottom line was that there was a slight tweak. The asset purchases under the APP and the PEPP programme are both to carry on. The APP purchase will continue…
The ECB minutes from the July 21-22 meeting were released last week and they revealed a dovish central bank. The full minutes can be read here. The key aspect of…
Leading up to the Jackson Hole Symposium (26-27 Aug) has seen some mixed messages. Fed’s vice chair Clarida set expectations of an early taper running when he said that he…
The FOMC minutes have been released and there was some confusion on the release as to whether they were dovish or hawkish. The reason for the confusion was due to…
It was always going to be a tough meeting with circumstances changing only hours before the RBNZ official cash rate decision. The discovery of a single COVID-19 case sent New…
The main risk for the NZD is that the RBNZ do not confirm the more bullish outlook that markets have been pricing in. The recent COVID-19 case in Auckland overnight…
The RBNZ surprised markets at their last rate meeting by announcing the end of bond tapering on July 23. That has now occurred. Furthermore, the last inflation print was the…
Once again the BoE has managed to steer an optimistic outlook without prompting an initial hawkish response from markets. However, there have been some tweaks to this statement which indicate…