Bank of Mexico hikes overnight rates by 50 bps, likely to further tighten policy this year
Feb 10, 2017 12:25 pm UTC| Commentary Central Banks
The Bank of Mexico hiked its overnight rates yesterday by additional 50 basis points to 6.25 percent, as was widely expected. In this cycle, the total tightening has come to 325 basis points. Significantly, the central...
Feb 10, 2017 07:05 am UTC| Central Banks Commentary
China reported a USD 51.35 billion trade surplus in January of 2017, lower than a USD 56.67 billion surplus a year earlier but above market consensus of a USD 47.90 billion surplus. It was the largest trade surplus...
Feb 10, 2017 05:56 am UTC| Economy Central Banks Commentary
The Canadian dollar now appears cheap both from a PPP perspective and versus a time series of the real trade-weighted exchange rate (refer above graph). This has helped to support growth and is expected to last for longer,...
RBA's Statement on Monetary Policy: Preview
Feb 09, 2017 16:49 pm UTC| Commentary Economy Central Banks
The Reserve Bank of Australia (RBA) issues a Statement on Monetary Policy four times a year. The statement sets out the central banks assessment of current economic conditions, both domestic and international, along with...
U.K.'s accelerating inflation may push the need for rate hikes - BoE's Forbes
Feb 09, 2017 15:47 pm UTC| Commentary Central Banks Economy
Bank of England (BoE) policymaker Kristin Forbes who is an external member of the BoE Monetary Policy Committee, said in a speech in Leeds that U.K may soon need a rate increase. Forbes said she was beginning to grow...
U.K. business investment set to remain very weak in the near-term, says BoE's Cunliffe
Feb 09, 2017 14:59 pm UTC| Commentary Central Banks Economy
Bank of England (BoE) Deputy Governor Jon Cunliffe in a speech at the Greater Birmingham Chamber of Commerce on Wednesday said that business investment in the United Kingdom is set to remain very weak in the near term in...
RBNZ monetary policy: Assessing future bias
Feb 09, 2017 11:00 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...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects