Was the Fed right to delay raising interest rates? Two scholars react
Sep 22, 2016 00:29 am UTC| Research & Analysis Central Banks
The Federal Reserve decided to leave its target interest rate unchanged at a range of 0.25 percent to 0.5 percent while suggesting a hike later in the year was very likely. The Federal Open Market Committee (FOMC),...
RBNZ wants weaker New Zealand dollar to reach inflation target
Sep 21, 2016 12:21 pm UTC| Commentary Central Banks
In the upcoming meeting of the Reserve Bank of New Zealand, the central bank would be undertaking its rate decision. The central bank is expected to maintain a close watch on the U.S. Fed, which would be making its rate...
Will Bank of Japan's innovations halt declining inflation expectations?
Sep 21, 2016 11:25 am UTC| Insights & Views Economy Central Banks
Bank of Japans (BoJ) policy meeting today concluded with no change made to the contentious -0.10 percent policy interest rate or the main asset purchase volume targets (JGB purchases will be maintained more or less in line...
Consumer prices in South Africa slide into the central bank’s target range; rate hike seems unlikely
Sep 21, 2016 11:16 am UTC| Commentary Economy Central Banks
Consumer prices in South Africa fell during the month of August, below the upper end of the central banks target band, for the first time in 2016, restricting a rate hike in the near-term. The rate of inflation fell to...
FxWirePro: CNH vols seems rich but risk reversal hedges cheap – USD/CNH seagull for hedging
Sep 21, 2016 10:23 am UTC| Central Banks Insights & Views
USDCNH continues to be a favored strategic vol short that we are willing to hold through event risks this month. The rationale for the trade has not changed since initiation faith in the PBoC to engineer orderly, low...
RBNZ likely to stand pat on policy today
Sep 21, 2016 09:59 am UTC| Commentary Central Banks
Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 21:00 GMT. Over the past year or so, RBNZ has reduced rates from 3.5 percent to 2 percent, which is an all-time low, however, the bank is...
Central Bank of Turkey likely to lower overnight lending rate by 25bps
Sep 21, 2016 09:03 am UTC| Commentary Central Banks
The Central Bank of Turkey is likely to lower its overnight lending rate during its meeting tomorrow. According to a Commerzbank research note, the CBT might cut the interest rate by 25 basis points. However, other policy...
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
The Mattei Plan: why Giorgia Meloni is looking to Africa
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight