Heads up Monday Asia trade, 3 central banks: Bank of Japan, People's Bank of China, R

[Forex News]

Its an active central bank calendar coming up on Monday, 20 March 2023 during the Asia session.

At 1810 US Eastern time the Reserve Bank of Australia:

• Christopher Kent, Assistant Governor (Financial Markets)
• speaking on: "Long and Variable Monetary Policy Lags"

Expectations are rising of an RBA pause at their next meeting, April 4:

• Westpac forecast an RBA rate pause at the April 4 meeting

But its not unanimous:

• ANZ maintain their forecast for an RBA rate hike at the April and May policy meetings

At 1750 US Eastern time we get the 'Summary' from the BOJ March meeting. This was Bank of Japan Governor Kuroda's final meeting. Policy was left unchanged at this meeting:

• Bank of Japan leaves policy unchanged, as widely expected

At 2115 we get the monthly Loan Prime Rate (LPR) setting from the People's Bank of China. I posted a preview here:

• PBOC interest rate decision due on Monday

On Friday the Bank dropped this in:

• PBOC announces cut to banks' reserve requirement ratio by 25 bps

This article was written by Eamonn Sheridan at www.forexlive.com.

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