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Central Banks

Mon, May 06, 2024 04:02 AM All times are UTC

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RBA likely concerned by relative currency strength

Dec 13, 2015 21:59 pm UTC| Commentary Central Banks

The RBA board minutes are due on Tuesday, and they are expected to show that the board has been encouraged by signs of stronger activity, as well as more evidence that the latest round of macroprudential measures is...

FOMC in focus, but also watch for BoJ Tankan and BoJ policy meeting

Dec 13, 2015 21:19 pm UTC| Commentary Central Banks

With a December FOMC lift-off mostly priced in by the markets, the focus will be on how the Fed communicates its rate hike path through Yellens press conference and dot charts. While a dovish surprise would likely weigh on...

Currency War Series

Mexico to follow in the footsteps of Federal Reserve

Dec 11, 2015 16:49 pm UTC| Commentary Central Banks

The Banxico committee is set for a rate lift-off when it meets the day after the FOMC meeting on Thursday next week - its first rate hike in 7 years. A hike in close tandem with the Fed should also hinder the USD/MXN from...

Russia's central bank keeps key rate unchanged again

Dec 11, 2015 16:21 pm UTC| Commentary Central Banks

The Bank of Russia Board of Directors decided to keep the key rate unchanged at 11%. High inflation risks which stem from the weak rouble are in focus. On the other hand, the risk of the economy cooling will force the CBR...

Currency War Series

Russia keeps interest rate unchanged as economy is waiting for inflation to decelerate

Dec 11, 2015 15:31 pm UTC| Commentary Central Banks

The Bank of Russia (CBR) decided to keep its key rate unchanged at 11.0%, in line with forecast and the split consensus. The press statement and Governor Nabiullinas news conference provided a clear description of the CBRs...

Bank of England to hike rates in Q2 2016, likely in May

Dec 11, 2015 11:51 am UTC| Commentary Central Banks

The key takeaways from Thursdays meeting is that The Bank of England is now no longer tagging along with the Fed. The minutes show that As in previous months, there was a range of views among Committee members about the...

Sweden's Riksbank policy preview

Dec 11, 2015 10:06 am UTC| Commentary Central Banks

Riksbank is due its policy decision next week, it is mostly expected to be on hold in its repurchase rate, at the current 0.35%. Our base case scenario for the Riksbanks rate decision next week (15 December) is an...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Samsung's Galaxy S25 Rumored to Boost Longevity with 'Battery AI'

Samsungs upcoming Galaxy S25 Ultra is poised to incorporate Battery AI, an innovative technology promising to improve battery life by up to 10% through smarter energy management. Unlocking the Potential of Battery AI in...

AI Protocol Render (RNDR) Soars 15% As Bitcoin Fights For Balance

As Bitcoin grapples with market volatility, altcoin Render (RNDR) stands out with a remarkable 15% surge, showcasing its resilience amid the crypto markets tumult. This surge comes as Bitcoin struggles to find stability,...

Huawei's Covert US Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...