Reserve Bank of New Zealand Governor Orr … this is unbelievable … A central bank buying debt directly from the government issue is not something that will inspire confidence in markets.
Blogs
RBA April minutes: Likely that smaller, less frequent purchases of govmt bonds would be required
Reserve Bank of Australia April 7 monetary policy board meeting Headlines via Reuters Full text: See here for global coronavirus case data
RBNZ Gov Orr says again does not rule out negative rates
Reserve Bank of New Zealand – Says QE more effective than negative rates for dealing with the virus shock – Will be thinking about additional stimulus in May
PBOC sets USD/ CNY mid-point today at 7.0752 (vs. yesterday at 7.0657)
People's Bank of China Skips OMOs today PBOC to conduct 5bn yuan of CBS today – central bank bills swap – these have a neutral impact on liquidity in the banking system
RBNZ propose to remove lending restrictions (LVR)
Mortgage Loan to Value Ratio (LVR) is, in effect, a limit on lending. The Reserve Bank of New Zealand use LVR rates as a measure to assist with financial stability.
Plenty of interest in the RBA today – 2 events to watch
From the Reserve Bank of Australia we get minutes and Governor Lowe speaking, on Tuesday 21 April 2020 I posted earlier on this, but ICYMI: 0130 GMT Reserve Bank of Australia minutes of the April 7 monetary policy board meeting
CADJPY staying in sideway consolidation despite massive oil price move
<p>WTI crude oil suffered some historical volatility overnight. A day ahead of expiration, WTI crude oil futures for May slumped into deep negative at -40.32, then turned positive in Asian session. However, Canadian Dollar, while generally weak, isn’t much bothered. CAD/JPY is staying in consolidation pattern from 73.86. With this week&
RBA Lowe: Health and economic emergencies will cast a shadow over our economy
<p>RBA Governor Philip Lowe said today that the economy will likely contract by around -10% in the first half. Most of the decline would take place in Q2 due to the coronavirus pandemic. At the same time, unemployment rate could jump from March’s 5.2% to around 10% by June. He also sounded cautious regarding the […]
Negative Oil Price Prompts Risk Off, Dollar and Yen Jump
<p>Markets are generally back in risk aversion, as selloff was sparked by historic move in oil prices. Yen and Dollar strengthen broadly as a result. Canadian dollar was weighed down slightly too but selloff is limited so far. Instead, New Zealand and Australian Dollars are the weakest for now. European majors are mixed together with [&hellip
WTI Crude Oil Price Dived to Negative as Oversupply Sparks Concerns about Storage
<p>A day ahead of expiration, WTI crude oil futures for May delivery slumped into the negative territory for the first time on history. Plunging by over 100%, the May contract slumped to as low as US$ -40.32/bbl before settling at -37.63. In Asian session today, the contract recovered to positive territory and is trading at […]