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Rate cut expectations have been on the increase again lately. We think that longer out the market is pricing in too much easing from the Fed and too little from the ECB. Also history strongly supports the latter. “Members saw the latest inflation developments as evidence that the impact of the past extraordinary shocks was waning and economic relationships ...
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The Reserve Bank of New Zealand is widely expected to maintain the official cash rate (OCR) at 5.50% at the upcoming 22 May meeting, so the focus will be on new economic projections and forward-looking language. The RBNZ differs from other developed central banks in that it announces policy less frequently and can only rely on quarterly inflation and jobs ...
Sessions