Eamonn Sheridan

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Central Banks
rba no November 2025 rate cut Australia dollar
Central Banks

NAB’s Auld: RBA may need to hike rates by early 2026 as economy nears capacity

  • Auld’s call leans hawkish relative to market expectations, suggesting upside risks for front-end AU yields and a potential floor under the AUD if growth surprises on the upside.
Central Banks
The very weak KRW daily candles  27 November 2025 2
Central Banks

BoK reveals split vote as three members signal openness to near-term rate cuts

  • The mix of a dissent and three members open to cuts tilts the BoK’s bias mildly dovish, keeping downward pressure on front-end yields while FX stability remains a crucial variable for policy.
Central Banks
nzd rbnz 27 November 2025 2
Central Banks

RBNZ’s Hawkesby: Further rate cuts face “high hurdle” as easing cycle ends

  • Hawkesby says further rate cuts would require a major shift in the outlook, effectively marking the end of the easing cycle. He warns too much dovishness risks keeping inflation stuck near 3%, and says current projections support holding the OCR steady through next year.
News
factory orders
News

Headline gains mask a weaker October as China’s industrial profit recovery loses steam.

  • China’s industrial profits rose 1.9% in January–October but October’s standalone result fell 5.5% y/y, indicating softening momentum after a stronger September period.
Central Banks
BoJ
Central Banks

BoJ’s Noguchi: Policy easing to fade only if wage gains sustain inflation momentum

  • Noguchi says the BoJ will only dial back stimulus gradually and only if demand and wages strengthen enough to anchor inflation. He warns some price pressures could reappear due to delayed cost pass-through, notes limited tariff impact so far, and says policy adjustments should track the BoJ’s projected inflation timeline.
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