Global markets are bracing for Fed rate cut on Thursday and a possible Bank of Japan hike on Friday. New Zealand’s economy is expected to report a triple-dip recession on Wednesday, before a rebound next year.
In the first in a series of bonus Deep Dive interviews to round out the year and to look ahead to 2025, ANZ’s Chief Economist for Greater China, Raymond Yeung expects monetary policy loosening in the first quarter.
5 things to know in 5 minutes:
Markets expect the Fed to cut on Thursday, but the jury is still out for markets on whether the Bank of Japan will hike on Friday. ANZ FX Analyst Felix Ryan sees a hike due to solid wage growth.
Felix says Japan’s Tankan business survey results last week showed a tightening labour market.
ANZ’s Head of G3 Economics Brian Martin says the European Central Bank may have to take up the stimulus load for Europe’s economy next year, due to political uncertainty.
New Zealand is set to report a triple-dip recession on Wednesday, before a rebound next year, says ANZ NZ Chief Economist Sharon Zollner.
China’s annual Central Economic Work Programme conference ended last week with reassurances about stimulus next year, says ANZ China Economist Vicky Xiao Zhou.
Cheers
Bernard
PS: We’ll have deep dive interviews that review 2024 and preview 2025 tomorrow and on Wednesday, which will be our last podcast for 2024. We start again on January 13 with another week of year-ahead deep dive interviews.
