Analysis

Bank of Japan (BoJ) Governor Kazuo Ueda doesn’t touch upon monetary policy and economic outlook during his scheduled appearance on Thursday.

Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.

In its semi-annual Financial Stability Review published on Wednesday, the European Central Bank (ECB) warned that “economic growth remains fragile.”

SHANGHAI, Nov 19 (Reuters) - China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks' profitability and the yuan comes under fresh pressure as Donald Trump returns to the White House.

SINGAPORE, Nov 19 (Reuters) - Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise as soon as next month.

Bank of Japan (BoJ) Governor Kazuo Ueda is back on the wires on Monday, noting that “we will check, at each policy meeting, data and factors available at the time in deciding policy.”

The Federal Reserve Chairman Jerome Powell announced on November 14 that strong U.S. economic growth will allow policymakers to decide how fast to lower interest rates. Powell argues that the economy is not sending any signals that the Fed needs to be in any hurry to lower rates.

Investing.com -- Federal Reserve chair Jerome Powell has made it clear that he is willing to remain in place even if President-elect Donald Trump demands his resignation, but could Trump appoint a “shadow” Fed chair to sideline Powell?

TradingKey - The US Federal Reserve (Fed) yesterday announced its second consecutive rate cut, trimming the federal funds rate by 25 basis points (bps) to a range of 4.50% to 4.75%. 

Apart from the fact that it has postponed its meeting by one day, the US election won’t change anything for the Fed in the short term. It will continue to decide on its monetary policy independently of the well-known outcome, Commerzbank’s FX Analyst Antje Praefcke notes.

In between central bank decisions from the far north and the US, the Bank of England (BoE) meets today, Commerzbank’s FX Analyst Michael Pfister notes.

People's Bank of China (PBOC) Governor Pan Gongsheng gave foreign financial institutions an in-depth explanation of China's current monetary policy stance, and considerations related to the adjustment of the monetary policy framework on Thursday.

TradingKey - With inflation easing, the Federal Reserve has shifted focus to the labor market. However, last Friday’s employment data, impacted by two hurricanes, offered little clarity and is unlikely to change the Fed’s policy path. Investors widely expect a quarter-point rate cut next week.

Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, following the announcement of the November monetary policy decision on Tuesday.

TradingKey - In terms of central banks, none is more powerful than the US Federal Reserve (Fed). That’s down to the impact it has on monetary policy in the world’s largest economy.

(Reuters) - The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal times, with pressures likely to increase as U.S. presidential candidates look set to add trillions more to deficits.

Investing.com-- The Bank of Japan is expected to keep interest rates unchanged at the conclusion of a meeting on Thursday, with heightened political uncertainty in the country likely clouding the central bank’s plans to tighten monetary policy. 

TOKYO (Reuters) -The Bank of Japan should avoid overhauling its ultra-loose monetary policy now, the head of a kingmaker opposition party said on Tuesday, a sign the ruling coalition's devastating loss in a weekend election was complicating its rate hike plan.

The New York Fed has started to publish a Reserve Demand Elasticity (RDE) estimate -- measuring the impact, or the elasticity, of the central bank's reserves to changes in rates --  showing the RDE is statistically indistinguishable from zero and points to reserve abundance, JPMorgan said in a note.

(Reuters) - There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central bank chief Pierre Wunsch said, joining colleagues in pushing back on more dovish views.