Malaysian central bank cuts key policy rate; lowers inflation outlook for 2016
Jul 13, 2016 10:33 am UTC| Commentary Central Banks
The Malaysian central bank, Bank Negara Malaysia (BNM), surprisingly lowered its Overnight Policy Rate (OPR) on Wednesday, mainly to offset the anticipated weakness in external demand. The central bank lowered the OPR by...
India’s retail inflation at 22-month high; to create anxiety in next policy meet
Jul 13, 2016 09:23 am UTC| Commentary Economy Central Banks
Consumer price index in India rose to22-month high, a likely cause of concern in the Reserve Bank of Indias next policy meet in August. Also, investors are eagerly awaiting the nomination of Rajans successor whose term...
Hungarian National Bank to lower frequency of three-month deposit instrument
Jul 13, 2016 08:20 am UTC| Commentary Central Banks
The Hungarian central bank has introduced anew approach to quantitative easing that will take advantage of the micro-structure of the banking system and the money market. On Tuesday, the MNB stated that it will lower the...
Czech National Bank unlikely to exit from EUR/CZK floor
Jul 13, 2016 05:17 am UTC| Commentary Central Banks
The latest minutes of the Czech National Bank show a consensus amongst the monetary policy board that the present policy is sufficient and that FX targeting should not be extended beyond mid-2016, nor introduce negative...
Chile’s central bank unlikely to tighten monetary policy
Jul 12, 2016 12:05 pm UTC| Commentary Central Banks
The Chilean central bank, BCCh, has undertaken a wait and watch stance in 2016 following its hawkish moves of the fourth quarter of 2015. During its June meeting, the BCCh had mentioned subdued aggregate demand in the...
Australia's business sector reports solid improvement in June, makes RBA August meet a close call
Jul 12, 2016 10:41 am UTC| Insights & Views Economy Central Banks
NABs closely-watched business survey for June tested the sentiment of local firms amidst the uncertainty of the federal election as well as the political unease in Europe and consequent market turbulence. The NAB business...
Markets priced in 75pct chance of a rate cut from BoE this week
Jul 11, 2016 11:26 am UTC| Insights & Views Central Banks
UK Monetary Policy Committee will meet on Thursday, July 14th, for the first time following the EU referendum result. Attention is now focused on how policymakers will respond to the Brexit vote. Market expectations riding...
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
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects