Japan government tax revenue estimated at 25-year high in FY2016 - sources
Dec 20, 2015 11:41 am UTC| Central Banks
Japans government is set to estimate tax revenue at a 25-year high of 57.6 trillion yen ($475.25 billion) in fiscal 2016 due to rising corporate revenue, according to Reuters sources. The draft budget for the next fiscal...
Declining oil prices could push for another rate cut by ECB in 2016
Dec 19, 2015 08:40 am UTC| Commentary Central Banks
Brent prices dropped to $35 per barrel, which constitutes a significant downside risk to the ECBs inflation scenario and is likely to refuel talks of further monetary accommodation through, in particular, another cut in...
Why the Fed didn't let HY market problems prevent a hike
Dec 19, 2015 07:59 am UTC| Commentary Central Banks
One of the reasons offered as reason for the Federal Reserve not to hike was the High yield market developments,but it did anyway. It made the right decision in our view. Scotiabank offers several reasons: Much of...
‘Post the first hike’ era begins
Dec 18, 2015 18:45 pm UTC| Commentary Central Banks
In the US, the post the first hike-era is set to begin. As expected, the FOMC and Janet Yellen reiterated that the hiking cycle will be gradual and data dependent. There are many important data releases over the next three...
Bank of Japan fine tunes the QQE programme
Dec 18, 2015 17:53 pm UTC| Commentary Central Banks
As anticipated there were no changes to the QQE programme at the last meeting of the year. However, the BoJ fine-tuned the QQE programme with three changes: to purchase longer maturity bonds, to buy more ETFs that...
RBA unlikely to raise overnight rate till H2 2017
Dec 18, 2015 12:45 pm UTC| Commentary Central Banks
The growth rate of leading indicators in Australia are disappointing since last five month as the growth rate mired below trend. This indicates a weaker momentum in Australian economy in first half of 2016. Australian...
FED hike aftermath series - Why Banxico followed FED to hike rates?
Dec 18, 2015 12:01 pm UTC| Commentary Central Banks
Bank of Mexico, which is widely known as Banxico followed footsteps of US Federal Reserve and hiked interest rate by 25 basis points. The move was widely expected but remains somehow controversial. Inflation rate in...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects