China’s FX reserves rise moderately in April, USD/CNY forecast to reach 6.7 by 2016-end
May 09, 2016 06:33 am UTC| Commentary Central Banks
China released its FX reserves data for April, along with the foreign trade data. The overall scenario is that the Chinese economy continues to face headwinds, albeit less stronger than in the earlier months, noted Nordea...
BOJ March meeting minutes: Economy continuing to recover gradually
May 09, 2016 00:03 am UTC| Central Banks
The BOJ publish a Summary of Opinions after each meeting, the one for March is here:BOJ Summary of Opinions (March meeting) - risk balance still...
Large downgrade to inflation strengthens likelihood for near-term RBA easing
May 06, 2016 15:42 pm UTC| Commentary Central Banks
RBAs quarterly Statement of Monetary Policy (SoMP) underscored concerns over softer inflation outlook. Downward revisions to the Australian inflation and wage growth outlook raised doubts over the OZ nations economic...
Bank of Israel steps up intervention to curb shekel appreciation
May 06, 2016 14:32 pm UTC| Commentary Central Banks
The US dollar was up against the shekel yesterday, against global trends. The rise probably stemmed from the intervention of the Bank of Israel which is trying to halt the sharp appreciation of the shekel in recent weeks...
FED hike aftermath Series: FOMC may await Brexit vote and hike in July
May 06, 2016 08:55 am UTC| Commentary Central Banks
San Francisco FED president John Williams, who has no vote this year thinks 2-3 rate hikes this year reasonable but that will be data dependent and at its June meeting FOMC will have to take into account the possibility of...
China’s FX reserves likely declined again in April
May 06, 2016 08:16 am UTC| Commentary Central Banks
Chinas official foreign reserves are likely to have dropped again, although moderately, in April, according to Societe Generale. Chinas FX reserves are expected to have decreased to $3,195 billion in April from $3,212 at...
RBNZ policy easing really stimulating Kiwis economy?
May 06, 2016 06:59 am UTC| Central Banks Commentary
RBNZ doesnt really seem to have eased their economy by reducing 25 bps OCR in last month end or it may take time to factor in this monetary policy decision. We suspect their monetary policy cushioning Advanced GDP...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects