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...
Jan 20, 2016 10:28 am UTC| Commentary Central Banks
Today Bank of Canada (BOC) is to provide further guidance in policy meet. Result to be announced at 15:00 GMT. Current policy measures BOC is maintaining overnight deposit rate at 0.5% Core objective of BOC...
RBNZ likely to lower OCR further to 2% in 2016 on weaker CPI data
Jan 20, 2016 04:32 am UTC| Commentary Central Banks
New Zealands Consumer Price Index (CPI) dropped by 0.5% in Q4 2015, lower than Westpacs below-market projection of a drop of 0.4%. Meanwhile, the countrys annual inflation rate declined to just 0.1% from 0.4%. The drop in...
Dovish ECB rhetoric likely to weigh on Euro
Jan 19, 2016 15:30 pm UTC| Commentary Central Banks
ECB is widely expected to remain unchanged at its January meeting and press conference (Thursday), but dovish rhetoric is likely to exert downward pressure on the currency. Tightening in financial conditions that has...
Capital controls—a less likely option for PBoC
Jan 19, 2016 15:12 pm UTC| Commentary Central Banks
Echoing elevated market volatility, Chinas FX reserves posted their largest single monthly decline in December, supporting sustained capital flight. Given its falling reserves, the PBoC is now seen with limited ability to...
ECB unlikely to undertake measures on Thursday
Jan 19, 2016 06:12 am UTC| Commentary Central Banks
The ECB is likely to keep a dovish tone but is not expected to take action this week. The central bank President Draghi is expected to argue that the measures undertaken in the past will be successful and will lead to a...
Bank of England's first rate hike likely in H1 2016
Jan 18, 2016 22:54 pm UTC| Commentary Central Banks
Last week BOE left the monetary policy unchanged, keeping the main rate at 0.5% and the QE amount at 375 billion annually. Only one Monetary Policy Member voted for a rate hike, as was broadly expected. According to the...
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