The Bank of Japan, the Reserve Bank of Australia, the US Federal Reserve and the Bank of England are all scheduled to make rates decisions this week. The BoJ may even hike.
In our bonus deep dive interview, ANZ strategist Soni Kumari analyses how China’s shift to renewable power is shifting demand for commodities.
5 things to know:
The RBA is expected to hold rates when it makes its new once-every-six-weeks decision tomorrow, as is the Fed on Wednesday night and the Bank of England on Thursday night, ANZ Group Chief Economist Richard Yetsenga says.
The FOMC is expected to hold the Fed Funds Rate, but markets will focus on the ‘dot plot’ for confirmation of three cuts in the second half of 2024, says ANZ Economist Bansi Madhavani.
The BoJ could make an historic decision to end decades of negative interest rates by lifting its policy rate by 10 basis points to 0.0%, says Richard.
The BoE is likely to cut in August, says Bansi.
Data due on Thursday is likely to show NZ GDP rose just 0.1% in the December quarter, says ANZ Economist Miles Workman.
Cheers
Bernard
PS: Catch you tomorrow with a closer look at the Bank of Japan decision.
