A Week of Central Bankers Hiking, Pausing, and Leaving
To wrap up the first week of a new quarter following a tumultuous month of March, Weston Nakamura reviews policy decisions from Reserve Bank of Australia’s pause-and-assess, and the Reserve Bank of New Zealand’s unexpected hawkish 50 basis point hike.
Weston also discusses a big development out of Samsung’s preliminary earnings, in which they had announced production cuts in memory chips, and the wide scale implications to the industry worldwide.
Finally, Weston gives his initial takeaways right off the heels of retiring Bank of Japan Governor Kuroda’s farewell press conference - in which the outgoing monetary figurehead had some surprising final words before handing the keys to a new Bank of Japan Governor Ueda, who begins his tenure on Monday.
We end with a clip of Governor Kuroda speaking during a panel session at the World Economic Forum in Davos, Switzerland on January 20th, 2023.
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