Unexpected spike in Norway inflation reduces chances of a rate cut in September
Aug 11, 2016 11:41 am UTC| Insights & Views Economy Central Banks
Norways core inflation surged to record highs in July, dampening Norges Banks rate cut speculation. Norways core inflation, as measured by the CPI-ATE unexpectedly surged to 3.7 percent y/y in July, up from 3.0 percent in...
Philippine central bank keeps policy tools on hold; lowers inflation outlook for 2016, 2017
Aug 11, 2016 11:39 am UTC| Commentary Central Banks
The Philippine central banks monetary board Thursday decided to leave its policy tools on hold in sync with market expectations. The central bank kept the overnight reverse repurchase facility unchanged at 3 percent. It...
Aug 11, 2016 10:00 am UTC| Central Banks Insights & Views
PBoCs interventions to depreciate CNY seems to be successful as the Chinese central bank (PBoC) continues to weaken its currency via the fixing, the fixing rates are generally in line with what the fixing model suggests so...
Global yields continue to tumble as gilts glide higher
Aug 11, 2016 07:05 am UTC| Commentary Central Banks
Fear of lack of sellers in the market has triggered an impressive rally for the U.K. Gilts, which in turn has triggered a fresh hunt for yield in the sovereign bond market. After an auction by the Bank of England (BoE) to...
RBNZ cuts OCR to 2 pct, hints at another cut later
Aug 11, 2016 06:39 am UTC| Commentary Central Banks
The Reserve Bank of New Zealand,during its monetary review meeting on Thursday, lowered its key interest rate to a new record low, in line with consensus expectations. The central bank cut its Official Cash Rate to 2...
Bank of Korea leaves base rate unchanged at 1.25 pct
Aug 11, 2016 06:36 am UTC| Commentary Central Banks
The Bank of Korea, South Koreas central bank, today left the key policy rate unchanged at its record low level during its meeting, consistent with consensus expectations. The Monetary Policy Board of the central bank kept...
Reserve Bank governor calls for hard talk about budget repair
Aug 10, 2016 16:07 pm UTC| Insights & Views Central Banks
Outgoing Reserve Bank Governor Glenn Stevens has delivered a strong warning about the need to face up to the issue of repairing the budget. Stevens, who leaves his post next month, said that we are kidding ourselves if...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects