National Bank of Poland’s MPC sees stable policy rates despite concerns over economic growth

Oct 21, 2016 10:25 am UTC| Central Banks Commentary Economy

The National Bank of Polands (NBP) monetary policy committee (MPC) still sees stable rates as the most likely scenario in the recently released minutes of the latest monetary policy meeting. This is despite the fact that...

Bank Negara likely to ease in November, inflation likely to soften in coming months

Oct 21, 2016 09:50 am UTC| Central Banks Commentary Economy

Bank Negara Malaysia (BNM) is expected to ease its key interest rate at the monetary policy meeting in November with inflation likely to soften in the next 2-3 months and as growth concern intensifies. Rising inflation...

CBT unexpectedly holds interest rate, hints at credible approach

Oct 21, 2016 06:52 am UTC| Commentary Central Banks

Yesterday, the Turkish lira rallied after the Central Bank of Turkey unexpectedly kept the interest rates unchanged during its MPC meeting. The CBT kept the key interest rate on hold at 7.5 percent. During all of its six...

FX Hedging Strategy Series

FxWirePro: S.Africa's political distress, inflation beyond SARB’s projection pump up ZAR OTC FX turbulence – Yields on USD/ZAR spread appears to be imminent

Oct 20, 2016 12:02 pm UTC| Central Banks Commentary

A glance at the implied 3-month volatilities illustrates the whole crux of the matter: at 19.9% ZAR is the currency with the highest volatility at present among G20 FX space. The volatility of the rand is the expression...

Bank Indonesia cuts interest rate by 25bps to stimulate loan growth

Oct 20, 2016 11:04 am UTC| Commentary Central Banks

The Indonesian central bank, Bank Indonesia, cut its 7-day reverse repo rate by 25 basis points to 4.75 percent during its meeting today. This was the sixth reduction in 2016. The central bank continues with its aggressive...

What to expect from ECB ahead?

Oct 20, 2016 10:40 am UTC| Commentary Central Banks

Today European Central Bank (ECB) is to provide further guidance in policy meet. The result to be announced at 11:45 GMT, followed by apress conference at 12:30 GMT. Meeting is to be held in Frankfurt. Current policy...

Central Bank of Turkey likely to lower interest rate; USD/TRY to trade around 3.20 by end 2016

Oct 20, 2016 08:37 am UTC| Commentary Central Banks

The Central Bank of Turkey (CBT) is expected to lower its overnight lending rate at the monetary policy meeting scheduled to be held today. However, it is likely to keep other policy parameters on hold. CBT is expected...