Jun 08, 2016 13:22 pm UTC| Commentary Central Banks
Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 21:00 GMT. Economic condition New Zealands economy overall remained robust throughout the crisis of 2008/09 however, the...
Modi can’t deny global demand for Rajan
Jun 08, 2016 08:34 am UTC| Commentary Central Banks
Since 1992, every governor of Reserve Bank of India received reappointment, after completion of theinitial term. Why this time be any different? Some would point out, Rajan, not dovish enough. When he first became...
Euro gets momentary cushion from slumps as ECB remains accommodative with deferral in easing cycle
Jun 07, 2016 14:42 pm UTC| Central Banks Insights & Views
The FX market continues pricing a high probability of an additional 10 bps rate cut by the ECB in H1 2017 (see graph). As per ECB official, easing monetary policy by rates cut measures again would require a diverse...
Poland set to unveil new FX loan plan, Zloty to remain volatile
Jun 07, 2016 14:32 pm UTC| Commentary Central Banks
Poland is set to unveil a new policy proposal today for converting FX mortgage loans to local currency. The re-drafted proposal will be made public today, and then sent to the lower house for debate before the end of June....
Decline in China’s FX reserves largely due to valuation effects, don’t point to a stable CNY
Jun 07, 2016 14:06 pm UTC| Commentary Central Banks
PBoC data showed on Tuesday that Chinas foreign exchange reserves in May fell to $3.19 trillion, the lowest since December 2011. Economists polled by Reuters had predicted a fall to $3.20 trillion from $3.22 trillion at...
RBNZ likely to stay on hold on rise in oil prices, global dairy trade lends support
Jun 07, 2016 10:01 am UTC| Commentary Central Banks
The Reserve Bank of New Zealand is likely to stay on hold at its monetary policy meeting scheduled on June 9 at 21:00GMT. The central bank is largely expected to leave the Official Cash Rate at its record low of 2.25...
China’s FX reserves decline in May
Jun 07, 2016 09:08 am UTC| Commentary Central Banks
Chinas foreign exchange reserve, declined to $3.191 trillion, after rising marginally to 3.219 trillion in April. Gold reserves are down to $70.48 billion, largely due to change in value of Gold. PBoC has 58.14 million...
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