Polish economy likely to grow 3.1 pct in 2016 and 3.2 pct in 2017

Jul 08, 2016 10:48 am UTC| Commentary Economy Central Banks

Economic indicators of Poland have become weaker in the past quarter; however, they continue to be stable. The PMI has dropped to below 52 from around 54 in the first quarter. Meanwhile, uncertainty about demand from...

Mexican economy continues to grow strongly; Banxico to hike rates to offset peso depreciation

Jul 08, 2016 07:21 am UTC| Commentary Economy Central Banks

The Mexican economy continues to grow at a stronger rate in a challenging environment. In the first quarter of this year, the growth accelerated to 2.6 percent year-on-year. Also, the economic growth accelerated further by...

BoC likely to keep rates unchanged as market holds back post Brexit

Jul 08, 2016 07:00 am UTC| Commentary Central Banks

The Bank of Canada is expected to keep policy rates unchanged at its monetary policy meeting that is scheduled to take place on July 13, following depressing market movements post UKs exit from the European...

China's June forex reserves grow by $20 billion

Jul 07, 2016 15:38 pm UTC| Commentary Central Banks

Data released by the Peoples Bank of China (PBoC) showed on Thursday that Chinas foreign exchange reserves in June unexpectedly rose by $20 billion to $3.21 trillion, rebounding from a 5-year low in May. Reserves...

Polish central bank holds fire, sends a moderately hawkish message

Jul 07, 2016 15:04 pm UTC| Central Banks

Polands central bank kept interest rates on hold and sent a moderately hawkish message at its first meeting under new governor Adam Glapinski. He said Britains exit would not affect the Polish economy significantly, and...

FxWirePro: BoJ and Abenomics to cushion USD/JPY slumps – Leverage benefits through 2m vols

Jul 07, 2016 13:05 pm UTC| Insights & Views Central Banks

As per the Abenomics, which eyes on fresh fiscal easing, made possible by the fact that the BOJ has already bought a decent chunk of the governments debt. That edges Japan closer to central-bank financed fiscal policy and...

July FOMC meeting certainly off the table, even upbeat labour data may not convince the Fed

Jul 07, 2016 11:29 am UTC| Insights & Views Central Banks Economy

The FOMC minutes of the June meeting provide little insight as the meeting took place before the EU referendum. Most participants noted that the upcoming British referendum on membership in the European Union could...