Steen Jakobsen
The Bank of Japan has abandoned quantitative easing and the European Central Bank may taper its bond-buying programme, so what is the role of central banks in 2017, asks Saxo Bank’s chief economist Steen Jakobsen.
Squawk / 07 June 2016 at 5:04 GMT
Managing Director / Technical Research Limited
New Zealand
AUDUSD jumped back over 0.7400 today after the Reserve Bank of Australia released its monthly monetary policy review. There was no easing bias evident, suggesting another rate cut may not be the one-way bet markets had been assuming. The statement said “Inflation had been quite low and ....this is expected to be the case for some time”.

On the exchange rate the previous comment that “an appreciating exchange rate could complicate” necessary economic adjustments was repeated.
07 June
Treve Treve
what a trade. good work max
08 June
vyacheslav111 vyacheslav111
Hi, Max! Your opinion on AUD/NZD now?
08 June
Max McKegg Max McKegg
08 June
Charles Asmar Charles Asmar
Hi, your advise /opnion for NZDUSD?


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