PBoC considers permitting commercial banks to participate in offshore yuan trade

Jun 22, 2016 06:31 am UTC| Commentary Central Banks

On Tuesday, the Peoples Bank of China (PBoC) mentioned that it is considering permitting onshore commercial banks to take part in offshore yuan trade. This is the central banks another action to internationalize the yuan...

Fed Chair Yellen hints dovish note at US semi-annual testimony

Jun 22, 2016 06:06 am UTC| Commentary Central Banks Economy

Federal Reserve Chairperson Janet Yellen hinted at a dovish note while speaking at the United States semi-annual testimony on Capitol Hill on Wednesday. The chairwoman said that the Fed would remain cautious on raising...

Slight possibility of rate hike by the Fed in September

Jun 21, 2016 12:59 pm UTC| Commentary Central Banks

Prior to the subdued jobs report, the US Fed was readying markets for a rate hike in either June or July. Fed chair Janet Yellen, in her latest speech, did not reiterate that a rise in coming months might be...

Currency War Series

RBA minutes provide few hints regarding future policy direction

Jun 21, 2016 10:06 am UTC| Insights & Views Central Banks Commentary Economy

The Reserve Bank of Australia on Tuesday released minutes of the June board meetingwhen it held the cash rate at 1.75 percent. The minutes showed the RBA remains relatively upbeat about growth and employment at the same...

Hungarian National Bank likely to keep interest rates unchanged

Jun 21, 2016 09:32 am UTC| Commentary Central Banks

The Hungarian National Bank (MNB) is expected to keep its interest rates on hold at 0.9 percent during its meeting on Tuesday, said Societe Generale in a research report. Also, the Council is likely to keep the interest...

FxWirePro: Umpteen reasons as to why sterling to remain weaker by Christmas regardless of UK referendum outcomes

Jun 21, 2016 09:28 am UTC| Central Banks Commentary

Less than two days before the referendum on UK membership of the EU leaves us even more hostage to fortune than usual, but we expect to see sterling lower by the end of 2016, regardless of the outcome. The UK economy...

CBRT seen easing monetary policy

Jun 21, 2016 07:10 am UTC| Commentary Central Banks

The Central Bank of the Republic of Turkey (CBRT) is expected to further ease the monetary policy stance during its MPC meeting on Tuesday, said Societe Generale in a research report. The AKP politicians have given...