5/4/2021 9:09:25 AM GMT
The central banks are listed below with their current state of play. The link for each central bank is included in the title of the bank and the next scheduled meeting is in the title too.
Reserve Bank of Australia, Governor Phillip Lowe, 0.10%, Meets 05 May
Falling behind the curve?
Once again, there were no surprises at the last RBA rate decision earlier this month. The Cash rate and the 3-year yield target were both kept at 0.10%. The level of bond purchases was unchanged too. The RBA was nearly through their first $100 billion AUD earlier this month and was starting through the second tranche of $100 billion.
Q1 NZ CPI – the calm before the storm: NZD/USD
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RBNZ: On hold, with gentle optimism
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RBNZ: A touch more optimistic.
Fri 16 Apr 2021 06:17:54 GMT
The RBNZ meeting was pretty uneventful.
The interest rate was kept at 0.25% and the Large Scale Asset Purchase (LSAP, $100 billion by June 2022) and Funding for Lending Programme (FLP) was kept unchanged. Here is a brief rundown of the meeting which was essentially on hold, with a tiny hint of optimism.
The good
The RBNZ recognised the following positive factors for New Zealand
Global growth outlook has improved with commitment to monetary and fiscal stimulus as well as the progression of vaccination programmes.
The planned trans-Tasman travel arrangements should support income and employment in the tourism sector