Date | 8:27am | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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8:27am | Actual | ||||||||
Tue Mar 19 | |||||||||
Tue Mar 19 | 12:30am | AU RBA Press Conference | |||||||
8:30am | CA CPI m/m | 0.6% | 0.0% | ||||||
US Building Permits | 1.50M | 1.47M | |||||||
8:45am | US CFTC Commissioner Johnson Speaks | ||||||||
US SEC Commissioner Uyeda Speaks | |||||||||
9:15pm | CH 1-y Loan Prime Rate | 3.45% | 3.45% | ||||||
CH 5-y Loan Prime Rate | 3.95% | 3.95% | |||||||
Wed Mar 20 | |||||||||
Wed Mar 20 | 3:00am | UK CPI y/y | 3.5% | 4.0% | |||||
4:45am | EZ ECB President Lagarde Speaks | ||||||||
11:30am | US CFTC Chair Behnam Speaks | ||||||||
2:00pm | US Federal Funds Rate | 5.50% | 5.50% | ||||||
US FOMC Economic Projections | |||||||||
US FOMC Statement | |||||||||
2:30pm | US FOMC Press Conference | ||||||||
5:45pm | NZ GDP q/q | 0.1% | -0.3% |
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At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan assessed the virtuous cycle between wages and prices, and it judged it came in sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner toward the end of the projection period of the January 2024 Outlook Report (Outlook for ...
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At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continues to moderate but remains high. Recent information suggests that inflation continues to moderate, in line with the RBA’s latest forecasts. The headline monthly CPI indicator was steady at 3.4 per cent over the year to January, with momentum easing over recent months, driven by moderating goods inflation. Services inflation remains elevated, and is moderating at a more gradual pace. The data are consistent with continuing excess demand in the economy and strong domestic cost pressures, both for labour and non-labour inputs. Higher interest rates are working to establish a more sustainable balance between aggregate demand and supply in the economy. Accordingly, conditions in the labour market continue to ease gradually, although they remain tighter than is consistent with sustained full employment and inflation at target. Wages growth picked up a little further in the December quarter, but appears to have peaked with indications it will moderate over the year ahead. Nevertheless, this level of wages growth remains consistent with the inflation target only on the assumption that productivity growth increases to around its long-run average. Inflation is still weighing on people’s real incomes and household consumption growth is weak, as is dwelling investment. The outlook remains highly uncertain. While there are encouraging signs that inflation is moderating, the economic outlook remains uncertain. The December quarter national accounts data confirmed growth has slowed. Household consumption growth remains particularly weak amid high inflation and the rise in interest rates. After recent declines, real inc post: <AUD=>: *RBA LEAVES CASH RATE TARGET AT 4.35% *RBA: INFLATION CONTINUES TO MODERATE BUT REMAINS HIGH *RBA SAYS WAGE GROWTH LEVEL CONSISTENT WITH INFLATION TARGET post: RBA: ACCORDINGLY, CONDITIONS IN THE LABOUR MARKET CONTINUE TO EASE GRADUALLY, ALTHOUGH THEY REMAIN TIGHTER THAN IS CONSISTENT WITH SUSTAINED FULL EMPLOYMENT AND INFLATION AT TARGET post: RBA: WHILE THERE ARE ENCOURAGING SIGNS THAT INFLATION IS MODERATING, THE ECONOMIC OUTLOOK REMAINS UNCERTAIN #News #Markets #RBA #ECONOMIC #INFLATION #live
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post: BOJ'S GOVERNOR UEDA: WE ARE TO A MULL POLICY RESPONSE IF FX MAKES A BIG IMPACT ON OUTLOOK. post: BOJ'S GOVERNOR UEDA: WE WILL CONSIDER A MONETARY POLICY RESPONSE IF CURRENCIES CAUSE A BIG IMPACT ON THE ECONOMY AND PRICES. post: BOJ GOV UEDA: DOWNSIDE RISKS INCLUDE VARIOUS RISKS IN GLOBAL ECONOMY, SLOWER THAN EXPECTED CONSUMPTION RECOVERY post: BOJ GOV UEDA: UPSIDE RISKS INCLUDE FIRMS' FORWARD-LOOKING WAGE SETTING BEHAVIOR LEADS TO OVERSHOOT IN INFLATION EXPECTATIONS