Central Bank of Brazil likely to start easing policy by August 2016
Jan 21, 2016 07:21 am UTC| Commentary Central Banks
The Central Bank of Brazil kept the Selic rate unchanged at 14.25%. The majority of the board voted to leave the rate unchanged, while two members voted for a rate hike by 50bp. According to the board, the decision to keep...
ECB to reiterate dovish guidance
Jan 21, 2016 02:49 am UTC| Commentary Central Banks
The ECB Governing Council meets today. The benchmarks rates are likely to be left steady, guidance will be dovish with an eye on containing the EUR/USD rebound and defend pressure to ease policy further. Policymakers...
Fitch: Rising Interest Rates to Ease Taiwan Life Insurers' Negative Spreads
Jan 21, 2016 01:14 am UTC| Research & Analysis Central Banks
Fitch Ratings says in a new report that a persistent decline in the costs of insurance liabilities and improvements in recurring investment yields on rising market interest rates will reduce Taiwanese life insurers...
A second rate cut from Bank Indonesia likely in March
Jan 20, 2016 17:09 pm UTC| Commentary Central Banks
Bank Indonesia (BI) cut its policy rate by 25bp to 7.25% on 14 January, as widely expected. Earlier markets expected BI to cut in February, given the governors recent concern over financial volatility. But renewed downward...
A dovish BoK tilt adds downward bias for KRW
Jan 20, 2016 15:26 pm UTC| Commentary Central Banks
The Bank of Korea held the policy rate at 1.5% in January, as expected and revised lower the official growth and inflation forecasts for 2016 to 3% (from 3.2%) and 1.4% (1.7%), respectively. The statement that followed had...
2016 likely to be another devastating year for the Loonie
Jan 20, 2016 12:01 pm UTC| Insights & Views Central Banks
The recent commodity price meltdown and especially the crudes struggle causing the reaction function of firms in the Canadian oil and gas sector proposes that business investment may be even more of a drag on 2016 growth...
FED hike aftermath series – Expectation for June hike vanishes amid global rout
Jan 20, 2016 10:44 am UTC| Commentary Central Banks
At the end of last year, market was predicting FED will hike rates twice this year and the first to come as early as March. However, global financial market turmoil has been pushing hikes into the future, since the...
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