Aside from the Federal Reserve, the Reserve Bank of New Zealand also has a monetary policy announcement this afternoon. The RBNZ is expected to keep rates unchanged - hard to validate a rate hike when the RBA is planning to ease. Also, the last time the RBNZ met, Governor Bollard said “sustained strength [...]

Posted in New Zealand dollar, reserve bank of new zealand No Comments »

Central banks have been particularly vocal since the beginning of the year, either by expressing their skepticism or satisfaction with the easing of credit conditions and incoming economic data. For some countries, this has changed rate hike expectations, for others it simply confirms existing views. As you may know, central bank rate hike expectations [...]

Posted in Bank of Canada, Bank of England, Bank of Japan, Reserve Bank of Australia, central bank rate hike expectations, rbnz rate decision, reserve bank of australia intervention, reserve bank of new zealand No Comments »

The New Year has begun and it is important to see what the market is pricing in for central banks this year. As you may know, central bank rate hike expectations change often but as of last week, most central banks are expected to keep monetary policy unchanged in the coming year but one [...]

Posted in Australian Dollar, Bank of Canada, Bank of England, BoE rate cut, ECB, Federal Reserve, Reserve Bank of Australia, forex blog, reserve bank of new zealand 7 Comments »

Central Bank Interest Rate Expectations can and do change based upon economic and market developments. The last time I provided updated CB expectations was in July (yes, I apologize for being tardy) but since then we have seen major changes in investors expect central banks to do this year and next.
Here are the [...]

Posted in Bank of Canada, Bank of England, Bank of Japan, ECB, Fed Rate Cut Expectations, Federal Reserve, Reserve Bank of Australia, reserve bank of australia intervention, reserve bank of new zealand 1 Comment »

Everyone is focused on the Federal Reserve’s interest rate decision at 2:15pm ET this afternoon, but I actually have my eye on the Reserve Bank of New Zealand’s rate decision. With interest rates already at a target range of 0-0.25 percent, the Fed’s ability to surprise the market is virtually nil. The RBNZ on [...]

Posted in New Zealand dollar, forex blog, rbnz rate decision, reserve bank of new zealand No Comments »