Next Week’s Menu: April 16 – 22, 2022

April 15, 2022

Central Banks: There are scheduled monetary policy reviews next week in Indonesia and China. Minutes from the last Reserve Bank of Australia board meeting will be published, and so will the Federal Reserve’s Beige Book of regional economic conditions. Holidays and Events: Easter Monday will be observed in several countries, including Great Britain, Germany, France, […] More

Bank of Japan

January 18, 2022

The Bank of Japan Board, which held its first scheduled policy review of 2022 yesterday and today has as yet not plan or inclination to debate whether and when to start raising its rates. According to the Board’s latest statement, the short-term interest rate will remain at -0.10%, and quantitative stimulus will continue with the […] More

Next Week’s Menu: December 18 – 24, 2021

December 17, 2021

Central Banks: Monetary policies in the Czech Republic and Thailand will be reviewed. The People’s Bank of China’s monthly setting for 1- and 5-year loan prime rates occurs, and minutes will be published from the last Reserve Bank of Australia Board meeting. Numerous Market Closures Friday for Christmas Eve: Including Germany, France, Italy, Switzerland, Italy, […] More

Bracing for the Fed’s Decision but First Dealing with Weaker-than-Forecast Retail Sales and More Disconcerting Inflation News

December 15, 2021

The FOMC statement will be released in about two hours. New Fed projections are also due, and Chairman Powell, who’s been renominated by President Biden to serve a second four-year term (pending senate confirmation) will kick off his press conference at 19:30 GMT. The dollar has been marking time ahead of the Fed’s likely announced […] More

Next Week’s Menu: November 20 – 26, 2021

November 19, 2021

Central Banks: Monetary policies will be reviewed in Sweden, New Zealand, South Africa, China, Israel, and Sri Lanka. Minutes from the last policy meetings of the FOMC and European Central Bank are to be published, as will Sweden’s Monetary Policy Report. Two central bankers speaking publicly will be Haskel of the Bank of England and […] More

The Second Romanian Interest Rate Hike in as Many Months

November 10, 2021

The National Bank of Romania‘s November policy meeting this week resulted in a second consecutive 25-basis point policy rate hike, which at 1.75% is at its highest level since May-August 2020 but still 75 basis points below the pre-pandemic level. The NBR’s deposit rate was left unchanged at 1.0%, but the lending facility rate has […] More

Dollar and Equities Buoyant in Spite of Geopolitical Tensions, Inflation Concerns, and Softer Confidence

October 25, 2021

China’s government has locked down parts of the country to combat a new spread of Covid-19. The global death count from the disease is likely to cross above 5 million victims later this week. A fresh Russian cyber attack on U.S. government and corporate networks has been revealed. Turkish President Erdogan is threatening the expulsion […] More

Optimism Bumps Up that Recovery Can Withstand Covid, Higher Inflation, and Central Bank Tightening

October 14, 2021

Equities have experienced a better session, with higher closes in Asia of 1.5% in Japan and South Korea and 1.4% in Indonesia. Hong Kong was closed for the Chung Yeung festival. The German Dax, Paris Cac and British Ftse are respectively up 0.9%, 1.0% and 0.7%, and U.S. futures point to similar gains. The move […] More

Next Week’s Menu: October 9 – 15, 2021

October 8, 2021

Central Banks: Monetary policies will be reviewed in South Korea, Sri Lanka, and Chile. FOMC minutes will be published. We’ve also entered a window when President Biden will be revealing his nomination for Fed Chair-person. It could be another 4-year term for Jerome Powell, whose current term ends in January, or somebody else. Four years […] More

Considerable Central Bank News and a Whole Lot More

September 23, 2021

The takeaways from Fed Chairman Powell’s press conference yesterday are that a tapering of Fed bond purchases could begin as soon as right after the next scheduled FOMC meeting and should be drawn down to zero by mid-2022, plus the lift-off date for the fed funds target could occur next year rather than in 2023. […] More