(Reuters) – The Bank of Canada’s next interest-rate move is still expected to be a hike, but forecasters have pushed back their target for a tightening to the third quarter of 2015, a Reuters poll found on Thursday.
None of the 30 economists in the poll expected an interest rate move at the central bank’s meeting on March 5.
(Reuters) – Canada’s housing market boom will fade out over the next three years and although analysts say prices won’t fall from record highs most are at least somewhat worried about the risk of a crash, a Reuters poll found.
In the survey of 16 forecasters, eight said they were “slightly concerned” that after more than a decade of rapid increases in home prices, they may be at risk of a sharp fall.
Euro zone inflation has dipped again and some forecasters are hedging their bets on the policy response by saying the European Central Bank could either cut rates this week or sometime in the next two months.
That lack of conviction, although not a recent phenomenon, is driven by memory of the ECB’s surprise cut in November after a similar drop in inflation and a nagging belief that things have not worsened enough in the interim to warrant another.
(Reuters) – The recent rout in emerging markets will not deter the U.S. Federal Reserve from trimming its monthly asset purchases in steps of $10 (6.07 pounds) billon at each upcoming policy meeting, shutting down the program by year-end, a Reuters poll showed.
All 70 economists in the latest survey – an extraordinary display of unanimity among forecasters – expect the Fed to maintain the pace of the taper and reduce the total by $10 billion at each of the seven remaining FOMC meetings this year.
With all signs showing the Canadian economic miracle is fading, the Bank of Canada is understandably starting to sound more dovish. The Canadian dollar has got a whiff of that, down about 10 percent from where it was this time last year.
But that doesn’t mean Governor Stephen Poloz is ready to signal on Wednesday that his rate shears are about to get hauled out of the shed.
BANGALORE (Reuters) – The yen will weaken next year as the Bank of Japan expands its already massive stimulus, in an effort to drive up inflation and offset any economic drag from a planned sales tax hike, a Reuters poll found.
Wednesday’s poll of 60 strategists forecast the Japanese yen would reach 102 per U.S. dollar in a month, 103 in three months and 108 in a year, compared with the 99, 100 and 105.5 predicted last month.
BANGALORE (Reuters) – Both the euro and yen will fall against the U.S. dollar next year, but the pound will rise, according to the most accurate forecaster in the November Reuters foreign exchange poll.
Informa Global Markets’ currency strategist, Tony Nyman, who clinched the top spot, said central bank policy expectations are returning to the fore in FX markets.
(Reuters) – The yen’s recent weakness will continue over the coming year as Japanese investors look overseas in search of higher returns, particularly as U.S. bond yields rise further, a Reuters poll found on Wednesday.
The latest poll of 62 currency strategists and analysts put the yen at 99 per dollar in a month, 100 in three months and 105.5 in a year, little changed from last month’s poll.
BANGALORE (Reuters) – Indian manufacturers increased production in August, although at a slower pace than in July, as infrastructure output rose, but access to cash was tougher, a Reuters poll found.
Production at factories, mines and utilities rose 2.0 percent year-on-year in August, slower than July’s 2.6 percent increase, the poll of 28 economists predicted.
BANGALORE, Oct 9 (Reuters) – Indian manufacturers increased
production in August, although at a slower pace than in July, as
infrastructure output rose, but access to cash was tougher, a
Reuters poll found.
Production at factories, mines and utilities rose
2.0 percent year-on-year in August, slower than July’s 2.6
percent increase, the poll of 28 economists predicted.