Markets await for ECB minutes for signs
Jan 12, 2016 16:25 pm UTC| Commentary Central Banks
ECBs December meeting minutes are scheduled to be released on 14th Jan and markets will be looking for signs of readiness from the central bank to do more if needed. Markets are quite optimistic in this respect. Minutes...
China inspired volatility to continue in 2016
Jan 12, 2016 16:07 pm UTC| Commentary Economy Central Banks
Today is off to a good start in the markets as Chinas currency and equity markets stabilize abetted by Chinas Central Bank Yuan intervention. A continued source of volatility is the dispersion around Chinas expected growth...
Softer wages and inflation point to a dovish BoE
Jan 12, 2016 15:48 pm UTC| Commentary Central Banks
BOE recently pushed back hike call to November 2016 from May 2016. Despite continued strong jobs gains, wage data have softened. Along with downward growth revisions and Brexit uncertainties, the BoE now has plenty of...
Strategic divergence between BoE and Fed builds
Jan 12, 2016 15:04 pm UTC| Commentary Central Banks
Central banks can have two responses to a tightening economy, they could either hike earlier and more gradually, or later and not quite so gradually. The former was BoEs likely approach six months ago, but as we stand...
ECB unlikely to ease policies in January meet
Jan 12, 2016 12:20 pm UTC| Commentary Central Banks
After substantial measures taken in 2015 and with the ongoing recovery, no further policy easing is expected from the ECB, however, with Core Inflation around 1% Y/Y, the ECBs further easing cannot be ruled out. The next...
SEK 2016 - What could trigger Riksbank's action?
Jan 12, 2016 12:05 pm UTC| Insights & Views Central Banks
Riksbanks executive board on January 4th came up with the extraordinary move to allow its governor Mr Ingves and his first deputy governor, Kerstin af Jochnick to intervene in foreign exchange markets at any time. This is...
Riksbank in a tough spot with interest rates at extremely low levels
Jan 12, 2016 11:52 am UTC| Commentary Central Banks
As the Swedish economy is seen growing, the Riksbank has revised up GDP forecasts to around 3.5% for 2016. The refugee influx gives a fiscal boost to the economy in the coming years, as the number of people employed in...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects