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RBA’s Bullock Set for First Rate Hike as Inflation Lingers
Australia’s central bank is forecast to raise interest rates on Tuesday, ending a four-meeting pause as persistent inflation and broader economic resilience suggest a further clampdown is needed to cool prices. The Reserve Bank will lift its cash rate to a 12-year high of 4.35%, an overwhelming majority of economists surveyed by Bloomberg predict, in what will be Governor Michele Bullock’s first hike since taking charge. The RBA is trying to ensure inflation falls back inside its 2-3% target by the end of 2025 and may signal further tightening is needed. “The board could even discuss a possible 50-basis-point ... (full story)
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The ANZ World Commodity Price Index gained 2.9% in October after also lifting the previous month. Strong increases were recorded for dairy and horticulture, which helped to offset ...
In accordance with the guideline for market operations and the guideline for conduct of yield curve control, both of which were decided at the previous meeting on July 27 and 28, 2023, the Bank had been conducting market operations, including purchases of Japanese government bonds (JGBs).5 Specifically, it had carried out outright purchases of 10-year JGBs at 1.0 percent through the fixed-rate method and fixed-rate purchase operations of the cheapest-to-deliver (CTD) issues every business day. Moreover, the Bank had nimbly conducted unscheduled purchases of JGBs and the Funds-Supplying Operations against Pooled Collateral with a loan duration of five years through the variable-rate method. With these market operations, long-term interest rates had been at levels consistent with the Bank's guideline and the shape of the JGB yield curve continued to be generally smooth. The Bank had conducted operations to purchase exchange-traded funds (ETFs), Japan real estate investment trusts (J-REITs), CP, and corporate bonds in accordance with the guidelines for asset purchases decided at the previous meeting. post: BOJ SEPT MEETING MINUTES: MEMBERS SAID TO CONTINUE PATIENTLY MONETARY EASING SO AS TO ACHIEVE SUSTAINABLY INFLATION TARGET IN TANDEM WITH WAGE GROWTH
Currency analysts at Rabobank expect the rally seen in the Euro (EUR) against the US Dollar (USD) to fade quickly from here, and forecast a retreat to 1.02 on a 3-month view. MUFG ...
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post: BOJ GOV UEDA: JAPAN'S ECONOMY RECOVERING MODERATELY #News #Markets #JAPAN #live Ueda: Japan's Economy and Monetary Policy It is my great pleasure to have the opportunity today to exchange views with a distinguished gathering of business leaders in the Tokai region. I would like to take this chance to express my sincerest gratitude for your cooperation with the various activities of the Bank of Japan's Nagoya Branch. I look forward to exchanging views with you today. In order to deepen its understanding on the positive effects and side effects of the unconventional monetary policy measures that have been implemented over the past 25 years, and to gain insights that will be useful for future policy conduct, the Bank has been reviewing monetary policy from a broad perspective. In proceeding with the review, it has been exchanging views with people in various fields. I would appreciate hearing your candid opinions today on topics such as Japan's economic activity and prices, changes in corporate behavior, and the positive effects and side effects of the Bank's various policy measures over the past 25 years. Before hearing from you, I would like to talk about developments in Japan's economic activity and prices and explain the Bank's thinking on the conduct of monetary policy, while outlining the latest Outlook for Economic Activity and Prices (Outlook Rep post: BoJ’s Gov Ueda: Don't Expect 10-Year JGB Yield To Sharply Exceed 1% post: BOJ GOV UEDA: DON'T EXPECT INFLATION TO MOVE BACK TO AROUND ZERO LIKE DURING PRE-COVID PERIODS #News #Markets #INFLATION #live
China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. The finance ...
Bond investors and rates traders are increasingly betting interest-rate cuts will start by the summer, challenging policymakers’ mantra of high borrowing costs for the foreseeable ...
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- Posted: Nov 5, 2023 7:25pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,638
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