Blogs

Bank of Japan monetary policy meeting decision announcement No Kuroda press conference today following this 'emergency' meeting.  See here for global coronavirus case data

Reserve Bank of New Zealand  Governor Orr has said before that more QE rather than a negative cash rate is his preferred option reporting Orr reiterating this again, Orr in an interview.  

Justin posted on the meeting coming up today earlier in the week, a reminder ICYMI: See here for global coronavirus case data

Fed's Bostic has been speaking often in virtual webcast See here for global coronavirus case data

Comments from Poloz Pssssst, we've been in an era of low rates for over a decade. More from the outgoing BOC leader: Poloz was optimistic on his first day at the BOC and he's going out as an optimist. I respect the consistency but let's just say that his optimism on a number of fronts […]

BOC Poloz speaking Some positive comments from Bank of Canada's Poloz about the recovery potential and his expectations as he gets ready to ride off into the sunset.

Monitoring the comments Feds Powell and governor Brainard are speaking to a Fed's Listens web event.  His initial comments did not include views on the economy. We will be monitoring his remarks:

The Fed put is on The Fed is repeatedly highlighting that it may (and probably will) do more to boost the economy without offering any real specifics on it besides some ineffectual yield curve control and even more QE. Still, it's clear that it's enough for the market, at least for now.

The role of central banks has been perverted Central banks were designed as the lender-of-last-resort for banks. If people wanted cash and a bank didn't have liquid assets to quickly sell, it could turn to central banks for loans.

Comments from Williams I appreciate the humility on the forecasts. There is so much uncertainty and all the Fed can really do is say they'll keep rates at zero until there's some clarity.