
RBA minutes lack explicit easing bias, but extent of infation downgrades keep alive rate cut bets
May 17, 2016 13:31 pm UTC| Commentary Central Banks
Minutes of the RBA May 3rd policy meet definitely lack explicit easing bias. Minutes reveal no sense of urgency for the Bank to cut rates, the Bank debating the merits of cutting or awaiting further information. Hence a...

RBA minutes less dovish than expected, follow up move unlikely before August
May 17, 2016 11:28 am UTC| Insights & Views Central Banks
Minutes of the RBA meeting held on May 5th released earlier today did not provide any significant additional insights relative to the more comprehensive Statement on Monetary Policy. The point worth noting was the...
May 17, 2016 09:09 am UTC| Commentary Central Banks
The Reserve Bank of Australias meeting minutes focused on the central banks lowering of inflation outlook. The minutes emphasise the central banks scepticism regarding the outlook of inflation and its worries about the...

Why the Reserve Bank should resist calls to alter its inflation range
May 17, 2016 02:57 am UTC| Insights & Views Central Banks
For economists and others who grew up being challenged to achieve low and stable inflation against the background of high and volatile inflation rates that emerged in Western countries in the 1970s (and persisted in...

BoJ fails to incorporate stimulus program to revive ailing economy
May 16, 2016 12:45 pm UTC| Commentary Central Banks Economy
The Bank of Japan has failed on its attempts to boost the ailing Japanese economy, even after adopting measures to boost inflation to its 2 pct inflation target, Bloomberg reported. On the financial front, stocks have...
BSP introduces narrower interest rate corridor, to implement in June
May 16, 2016 09:38 am UTC| Commentary Central Banks
The Philippines central bank established a narrower interest rate corridor. It announced the Lending Rate as the ceiling rate at 3.5%, replacing the repo rate of 6%. The reverse report rate is replaced by the new Borrowing...
Briferendum Series: BOE likely to execute 2009 like policies in the event of Brexit
May 16, 2016 08:44 am UTC| Commentary Central Banks
One of the biggest risk, both United Kingdom and Bank of England (BOE) facing is stagflation. Market participants have priced a much weaker Pound in the event of an exit and weaker Pound may lead to sharp rise in...