Central Bank Weekly

The report reviews a week of central bank decisions where the RBA surprised with its first hike in two years, while the BoE showed a significant dovish shift despite holding rates. Other major banks including the ECB, BoC, and Banxico maintained current rates amid varying degrees of inflation persistence and structural economic concerns.

Key Takeaways

• 1.The RBA hiked its Cash Rate by 25bps to 3.85% for the first time in two years due to strong inflation and wage growth.
• 2.The BoE held rates at 3.75% but signaled a dovish shift with a narrow vote split (four members for a cut) and softer guidance.
• 3.The BoC warns against misdiagnosing economic weakness as cyclical when it may be structural due to shifted relations with the U.S.

Table of Contents

• PREVIEWS
• BOC MINUTES (WED)
• REVIEWS
• BOE REVIEW
• BOE PRESS CONFERENCE
• RBA
• ECB REVIEW
• RBI
• BANXICO
• RIKSBANK MINUTES

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