G-10 Central Bank Stimulus Timelines: What the Data Shows

  • Monday, June 24, 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
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Last week saw the Fed, BOJ and BOE presenting a relatively unified front by holding rates and issuing dovish remarks indicating their willingness to engage in stimulus. The Fed appears to be the most obviously poised for a rate cut, but only because the BOJ has largely exhausted traditional policy options and will have to find new modes of stimulus. BOE policymakers, who were a bit less clear about their intentions, withheld any truly stimulative effort in case of a hard Brexit. This week, speakers from the Fed, BOJ and BOE will join ECB policymakers in clarifying the potential timeline for upcoming stimulus.

In the southern hemisphere, RBA sentiment has continued to trend dovish due to policymakers’ frequent signals of a second 25bps rate cut in the very near future. This week’s lone G-10 currency central bank policy meeting will be from the RBNZ, where policymakers are likely to hold rates while signalling that a second 25bps rate cut of 2019 is increasingly likely, perhaps even as soon as August.

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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