A snippet from UBS on Pacific Rim central banks:
Fed’s easing cycle is just getting started, UBS see another 50 bp of cuts this year and 100 in 2025Bank of Japan to raise short term rates by 25 basis points by the middle of 2025see the most aggressive easing moves from the Reserve Bank of New Zealand, 200 basis points of cuts by September 2025Reserve Bank of Australia is likely to wait until Q1/Q2 before starting its easing cycle, expect 75 basis points of easing by September 2025AUD is UBS’ ‘most preferred’, it’ll benefit from China’s measures.150 basis points of reductions by the Bank of Canada by September 2025
This article was written by Eamonn Sheridan at www.forexlive.com.
