RBNZ keeps OCR unchanged at 2 pct, likely to cut by 25bp in November

Sep 22, 2016 04:34 am UTC| Commentary Central Banks

As widely expected, the Reserve Bank of New Zealand kept the OCR unchanged during its meeting today. The OCR was kept on hold at 2 percent, but the central bank retained a clear easing bias. It gave a balanced and measured...

Fed Hike Aftermath Series

Was the Fed right to delay raising interest rates? Two scholars react

Sep 22, 2016 00:29 am UTC| Research & Analysis Central Banks

The Federal Reserve decided to leave its target interest rate unchanged at a range of 0.25 percent to 0.5 percent while suggesting a hike later in the year was very likely. The Federal Open Market Committee (FOMC),...

RBNZ wants weaker New Zealand dollar to reach inflation target

Sep 21, 2016 12:21 pm UTC| Commentary Central Banks

In the upcoming meeting of the Reserve Bank of New Zealand, the central bank would be undertaking its rate decision. The central bank is expected to maintain a close watch on the U.S. Fed, which would be making its rate...

Will Bank of Japan's innovations halt declining inflation expectations?

Sep 21, 2016 11:25 am UTC| Insights & Views Economy Central Banks

Bank of Japans (BoJ) policy meeting today concluded with no change made to the contentious -0.10 percent policy interest rate or the main asset purchase volume targets (JGB purchases will be maintained more or less in line...

Consumer prices in South Africa slide into the central bank’s target range; rate hike seems unlikely

Sep 21, 2016 11:16 am UTC| Commentary Economy Central Banks

Consumer prices in South Africa fell during the month of August, below the upper end of the central banks target band, for the first time in 2016, restricting a rate hike in the near-term. The rate of inflation fell to...

FX Hedging Strategy Series

FxWirePro: CNH vols seems rich but risk reversal hedges cheap – USD/CNH seagull for hedging

Sep 21, 2016 10:23 am UTC| Central Banks Insights & Views

USDCNH continues to be a favored strategic vol short that we are willing to hold through event risks this month. The rationale for the trade has not changed since initiation faith in the PBoC to engineer orderly, low...

RBNZ likely to stand pat on policy today

Sep 21, 2016 09:59 am UTC| Commentary Central Banks

Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 21:00 GMT. Over the past year or so, RBNZ has reduced rates from 3.5 percent to 2 percent, which is an all-time low, however, the bank is...