Philippines' BSP keeps interest rate on hold; revises 2016 inflation outlook
Jun 23, 2016 10:29 am UTC| Commentary Central Banks
[Correction: The first paragraph has been edited to include additional information] The Philippines central bank has kept its interest rate on the overnight reverse repurchase (RRP) facility at 3 percent. Last month,...
Norges Bank keeps key policy rate unchanged; signals rate cut in September
Jun 23, 2016 09:34 am UTC| Commentary Central Banks
As expected, the Norwegian central banks Executive Board today maintained the key policy rate at 0.5 percent. The Norges Banks forecast for the key interest rate, the interest rate path was a bit revised upwardly. The...
South Korea finance minister and BoK governor caution against rising economic uncertainties
Jun 23, 2016 07:04 am UTC| Commentary Economy Central Banks
The finance minister of South Korea, Yoo Il-ho, mentioned on Wednesday that the economic scenario of the country is likely to deteriorate in the second half of 2016 given the volatile financial markets of China, UKs EU...
Jun 23, 2016 06:51 am UTC| Commentary Central Banks
European Central Bank (ECB) has reinstated the Greek waiver, which enables the countrys banks to access cheap funding from European Central Bank. Sovereign bonds with only investment grade credit ratings can access ECB...
UK referendum finally hits the day; polls show too close a call
Jun 23, 2016 05:44 am UTC| Central Banks Economy Commentary
The big day has finally arrived for the United Kingdom as it goes to face an election over its membership in the European Union. The Britons will vote either in favor of Remain or Leave, which shall commemorate the future...
Chart of the Day: Guilty Gilt of Pension Deficit
Jun 22, 2016 15:34 pm UTC| Commentary Central Banks
Central bankers have been assuring of no ill effects on savings from their low rates but this chart from Credit Suissesays otherwise. Pension deficit seems to be directly proportional to the drop in Gilt yields. Since...
Jun 22, 2016 12:12 pm UTC| Central Banks Technicals
The South African economy shrank an annualized 1.2% over Q1 of 2016, compared to a 0.4% growth in the previous quarter and worse than market expectations of 0.1% drop, dragged down by mining and quarrying and transport...
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