Colombia central bank raises policy rate for 10th straight month to curb inflation

Jun 23, 2016 11:40 am UTC| Central Banks Commentary Economy

Colombias central bank raised its monetary policy rate for the 10th straight month in a row, in a bid to curb inflation, reiterating its statement from May that it must ensure that the recent shocks to inflation remain...

Philippines' BSP keeps interest rate on hold; revises 2016 inflation outlook

Jun 23, 2016 10:29 am UTC| Commentary Central Banks

[Correction: The first paragraph has been edited to include additional information] The Philippines central bank has kept its interest rate on the overnight reverse repurchase (RRP) facility at 3 percent. Last month,...

Norges Bank keeps key policy rate unchanged; signals rate cut in September

Jun 23, 2016 09:34 am UTC| Commentary Central Banks

As expected, the Norwegian central banks Executive Board today maintained the key policy rate at 0.5 percent. The Norges Banks forecast for the key interest rate, the interest rate path was a bit revised upwardly. The...

Emerging Market Crisis Series

South Korea finance minister and BoK governor caution against rising economic uncertainties

Jun 23, 2016 07:04 am UTC| Commentary Economy Central Banks

The finance minister of South Korea, Yoo Il-ho, mentioned on Wednesday that the economic scenario of the country is likely to deteriorate in the second half of 2016 given the volatile financial markets of China, UKs EU...

ECB reinstates Greek waiver

Jun 23, 2016 06:51 am UTC| Commentary Central Banks

European Central Bank (ECB) has reinstated the Greek waiver, which enables the countrys banks to access cheap funding from European Central Bank. Sovereign bonds with only investment grade credit ratings can access ECB...

Briferendum Series

UK referendum finally hits the day; polls show too close a call

Jun 23, 2016 05:44 am UTC| Central Banks Economy Commentary

The big day has finally arrived for the United Kingdom as it goes to face an election over its membership in the European Union. The Britons will vote either in favor of Remain or Leave, which shall commemorate the future...

Chart of the Day Series

Chart of the Day: Guilty Gilt of Pension Deficit

Jun 22, 2016 15:34 pm UTC| Commentary Central Banks

Central bankers have been assuring of no ill effects on savings from their low rates but this chart from Credit Suissesays otherwise. Pension deficit seems to be directly proportional to the drop in Gilt yields. Since...