Fed will announce decision to unwind its balance sheet at September FOMC meeting, says DBS Research

Aug 11, 2017 08:34 am UTC| Commentary Central Banks Economy

The United States Federal Reserve will declare the decision to unwind its balance sheet at the September FOMC meeting, followed by an implementation from November or December, reported DBS Group Research. While the QE...

Fed Hike aftermath Series: Market starts attaching probabilities to rate cut

Aug 11, 2017 07:28 am UTC| Commentary Central Banks

Despite hawkish rhetoric from FOMC policy makers, the hike odds are declining across the meeting as the economic numbers including inflation continue to disappoint to the downside, coupled with political gridlock in...

Philippine central bank keeps rate on hold in August, likely to commence tightening before end of 2017

Aug 10, 2017 21:55 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, kept its policy rate on hold on Thursday, as was widely expected. The interest rate corridor has been the same at 2.50 percent, 3 percent and 3.50 percent since its formal adoption in June...

RBNZ keeps rate on hold with a neutral bias, wants lower NZD

Aug 10, 2017 08:51 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand (RBNZ), at its monetary policy meeting, held late Tuesday decided to keep the Official Cash Rate (OCR) at a record-low of 1.15 percent while sticking to its neutral underlying tone and made...

RBNZ monetary policy: Assessing future bias

Aug 10, 2017 07:53 am UTC| Commentary Central Banks

Reserve Bank of New Zealand (RBNZ) announced monetary policy last night and kept its key overnight cash rate unchanged at 1.75%. Lets look at the policy statement details to assess the bias According to RBNZ...

RBNZ keeps OCR on hold at 1.75 pct, unlikely to hike until late 2018

Aug 09, 2017 23:03 pm UTC| Commentary Central Banks

The Reserve Bank of New Zealand kept its OCR on hold at 1.75 percent on Thursday. It kept its on hold guidance for monetary policy. The central bank continues to be content to project no hike in interest rate in...

Central Banking Series

RBNZ likely to stand pat on policy today

Aug 09, 2017 12:25 pm UTC| Commentary Central Banks

Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy at 21:00 GMT. Over the past two years or so, RBNZ has reduced rates from 3.5 percent to 1.75 percent, which is an all-time low, however, the bank...