BoJ holds fire amid sluggish global growth and anaemic inflation, sends yen soaring

Jun 16, 2016 10:56 am UTC| Insights & Views Central Banks Commentary

The Bank of Japan kept policy unchanged at its meeting earlier on Thursday. The central bank held its key interest rate at minus 0.1 percent and kept the annual target for expanding the monetary base at 80 trillion yen...

China’s holdings in U.S. Treasuries drop for second straight month in April

Jun 16, 2016 10:30 am UTC| Commentary Central Banks

The U.S. Treasury Department on Wednesday stated that a record amount of US Treasury bonds and notes were sold by foreign investors in April as investors anticipate the U.S. Fed to hike rates in 2016. In April, a total of...

SNB monetary policy: Assessing future bias

Jun 16, 2016 10:16 am UTC| Commentary Central Banks

The Swiss National Bank (SNB) in its monetary policy meeting today decided to maintain its current expansionary monetary policy, which basically means: Interest on sight deposits at the SNB will remain at 0.75% and...

Briferendum Series

Briferendum Series: Mori poll, ECB warning and threatening letter to Carney

Jun 16, 2016 09:05 am UTC| Commentary Central Banks

The market, as well as, the politicsare going haywire as the date of the referendum nears. Bank of England (BoE) governor Mark Carney responded forcefully to a threatening letter from one of the Brexiteer. A letter from...

Fed Hike Aftermath Series

FED Hike Aftermath Series: Rate hike expectations disappear from 2016

Jun 16, 2016 07:16 am UTC| Commentary Central Banks

After a relatively dovish FED yesterday, where participants reduced their forecast for interest rates in 2017 by 30 basis points and 60 basis points for 2018, rates market backed away from pricing a hike this year. FOMC...

FOMC monetary policy: Assessing future bias

Jun 16, 2016 06:44 am UTC| Commentary Central Banks

Yesterday, FOMC policymakers preferred to keep policy steady and not go for a hike. This was somewhat expected given the high event risks ahead next week- British referendum. There are lot to digest since it released...

BOJ monetary policy: Assessing future bias

Jun 16, 2016 05:41 am UTC| Commentary Central Banks

Bank of Japan (BoJ) braved the market and more specifically Yens strength and kept the policy unchanged, which basically means the following The bank will keep purchasing the outstanding JGBs at the pace of 80...