Another $100 billion disappears from PBoC coffer
Feb 08, 2016 06:27 am UTC| Commentary Central Banks
Happy Lunar New Year. Happy year of the monkey. All hopeful of a great year for China. However, latest data, FX reserve released on the eve of New Year shows, another tough year lies ahead of Chinese economy. From...
Yen falls on BOJ board split on negative rates
Feb 08, 2016 04:54 am UTC| Technicals Central Banks
Today Japan released Current account data with positive numbers. Its directly linked to currency demand - a rising surplus indicates that foreigners are buying more of the domestic currency to execute transactions in the...
Czech National Bank extends commitment to support CZK, probable exit in the H1 17'
Feb 05, 2016 16:33 pm UTC| Commentary Central Banks
The Czech National Bank has prolonged its FX commitment to support the CZK until at least end-2016. The banks board now sees a probable exit in the H1 17. Thus, the hard commitment (where CNB ensures the floor for the...
Downside risks to inflation could force a 10bp cut from Riksbank
Feb 05, 2016 15:03 pm UTC| Commentary Central Banks
Since the Riksbanks last monetary policy meeting in December 2015, heightened market volatility and further declines in oil prices have led several G10 central banks to either ease policy (BoJ) or remain on the dovish side...
China’s FX reserves data may lay down negative tone for EM in coming week
Feb 05, 2016 09:34 am UTC| Commentary Central Banks
Chinas data of FX reserves might lay down a negative tone for emerging markets in the coming week, particularly if the likelihood of a sharp decline in reserves proves correct. Moreover, the overall activity might be...
BOJ easing success or failure?
Feb 05, 2016 07:56 am UTC| Commentary Central Banks
Bank of Japans (BOJ) easing has been much criticized and called a failure as it failed to boost both Nikkei and Yen. Yen is now stronger than it was before Bank of Japan (BOJ) announced negative rates. Nikkei has reversed...
Bank of Mexico holds interest rate, peso’s recent depreciation major threat to inflation
Feb 05, 2016 06:43 am UTC| Commentary Central Banks
The Bank of Mexico kept the interest rate unchanged at 3.25%, on par with expectations. The central bank, in its statement, acknowledges a decline in growth outlook, both domestically and globally, and looks at the recent...
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