Central Banking Series

Riksbank keeps interest rate and QE programme unchanged as expected, extends mandate that facilitates quick intervention

Feb 15, 2017 14:43 pm UTC| Commentary Central Banks

Swedens central bank in a unanimous decision left its policy rate unchanged at -0.50 percent and also left untouched the QE programme, which was extended in December to run throughout H1 2017. Swedens Riksbank executive...

Central Banking Series

Markets price in 34 pct chance of Fed rate hike at March meet after Yellen's upbeat economic assessment

Feb 15, 2017 12:34 pm UTC| Central Banks Economy Commentary

Federal Reserve Chair Janet Yellens congressional testimony gave a rather upbeat assessment of the US economy, consistent with the Feds expectation of further gradual increases in interest rates. In a testimony before the...

FxWirePro: CBR remains hawkish, what drives Russian central bank’s short-term cautious and medium-term constructive approach

Feb 15, 2017 11:55 am UTC| Economy Central Banks

The Gross Domestic Product (GDP) in Russia contracted 0.57 pct in the third quarter of 2015 over the previous quarter. Over a medium-term horizon, we remain constructive RUB. The fundamental drivers for the ruble over...

FxWirePro: Obtain optimal hedge in USD/RUB via “Diagonal Credit Call Spreads” to arrest both short-term bears and long-term upside risks

Feb 15, 2017 11:40 am UTC| Central Banks Research & Analysis Insights & Views

We encourage longs in USDRUB for long term investing amid short-term slumps, the broader setback to the dollar combined with upward pressure on oil prices to new highs this week have conspired to pull USDRUB lower in short...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Three rate hikes odds move higher

Feb 15, 2017 10:37 am UTC| Commentary Central Banks

After Januarys lackluster jobs report, the probability of three hikes from the Federal Reserve in 2017 declined to 24 percent but after Federal Reserve chair Janet Yellen testified before congressional Banking committee...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: Key commentaries from Fed Chair Janet Yellen

Feb 15, 2017 07:31 am UTC| Commentary Central Banks

The single most important takeaway for the financial markets from the Federal Reserve Chair Janet Yellens testimony before congressional senate and banking committee was that the Fed Chair remains open to rate hikes in...

Central Banking Series

Key commentaries from Fed’s Lockhart and Lacker

Feb 15, 2017 07:04 am UTC| Commentary Central Banks

One dove, one hawk. Speaking at a congressional hearing after Fed chair Janet Yellen, Atlanta Fed President Dennis P. Lockhart said that he sees no compelling reason to move ahead with a rate hike in March this year....