Analyzing Near-Term Policy Signals from Fed, RBA, Riksbank

  • Monday, May 20, 2019

Welcome to “The Cyborg Analyst” by Prattle. This report provides weekly, quantitative insights on G-10 currency central banks.

The Most Important Central Bank Releases This Week
central bank communications analytics research

None of the G10 currency central banks have policy meetings, but this week is nonetheless extremely busy due to a slew of important communications from the Fed, RBA and Riksbank. Fed policymakers are the most active with 11 scheduled speeches in addition to the release of the FOMC meeting minutes. These communications are likely to maintain a neutral tone as to avoid signalling an impending rate cut, despite futures pricing to the contrary. The RBA minutes from the policy meeting earlier this month will shed light on the debate over whether a rate cut is needed, but the best indication of rate cut timing is likely to come from this week’s speech by Governor Lowe. Unlike the RBA, the Riksbank is nudging toward tighter policy, and Governor Ingves’ press conference could indicate the timing of the next hike. Finally, policymakers from the ECB, BOJ and BOE are slated to deliver speeches this week but are unlikely to deviate from their respective slightly dovish, somewhat dovish and neutral sentiment trends.

This is an abbreviated version of the Cyborg Analyst. The full weekly report contains detailed analysis based on Prattle’s Central Bank Analytics. 

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