Bank of Mexico hikes rates to support peso; likely to hike next in December

Jul 01, 2016 05:55 am UTC| Commentary Central Banks

The Bank of Mexico, on Thursday, raised the policy rate by 50 basis points to 4.25 percent in a bid to stop the depreciation of Mexican peso to spill over on inflation expectations. This was Banxicos first rate hike since...

China Crisis Series

PBoC keeps alive possibility of further easing if slowdown gathers pace

Jun 30, 2016 13:59 pm UTC| Commentary Central Banks

The Peoples Bank of China is willing to allow the yuan CNYUSD, -0.1385% to fall to 6.8 per U.S dollar in 2016, Reuters reported Thursday, citing policy sources. Chinas yuan sank to a six-month low against the dollar in...

Riksbank likely to leave monetary policy unchanged through December 2017

Jun 30, 2016 12:43 pm UTC| Insights & Views Central Banks Commentary

Swedish inflation slowed more than estimated in May. The inflation rate according to CPIF was 1.1 percent y/y in May 2016, as compared to the previous months 1.4 percent and consensus expectations of 1.2 percent. After...

Taiwan’s central bank lowers key interest rate to 1.375 pct

Jun 30, 2016 11:38 am UTC| Commentary Central Banks

As widely expected, the Taiwanese central bank, CBC, lowered its key interest rate as the economic growth outlook continues to be under pressure. During its meeting, the CBC cut the rediscount rate to 1.375 percent from...

Negative Rates Series

Negative Rates Series: $11.7 trillion government debt trades in negative

Jun 30, 2016 05:34 am UTC| Commentary Central Banks

According to data released by Fitch rating agency on Wednesday, relentless purchases from the investors led to the expansion of negative yielding government bond universe by $1 trillion so far this month and by $1.3...

Czech National Bank likely to keep monetary policy on hold for now

Jun 30, 2016 05:32 am UTC| Commentary Central Banks

The Czech National Banks board is expected to keep its policy unchanged at its meeting on Thursday, noted Societe Generale in a research report. The central bankers are likely to affirm that the forward guidance for the...

Briferendum Aftermath Series

Briferendum Aftermath Series: Market prices no hike by BoE in next 5 years

Jun 29, 2016 12:49 pm UTC| Commentary Central Banks

The referendum effect. Bank of England (BoE) has been sitting tight on monetary policy and left the rates unchanged for more than seven years now and if the market is predicting it right, the central bank is expected to...