ECB fires bazooka defying expectations

Mar 10, 2016 13:01 pm UTC| Commentary Central Banks

It seems we were conservative in our estimates, while European Central Bank wasnt in their actions. Actions from ECB Main refinance rates were cut by 0.05% to zero, so its basically free money for banks and...

Digital Currency Revolution

Bank Of England Shows Interest In Centralized Digital Currency

Mar 10, 2016 12:21 pm UTC| Digital Currency Central Banks

The interest of central banks in the concept of digital currency seems to be rising. Last month, Peoples Bank of China Governor Zhou Xiaochuansuggested that the central bank is not only interested in digital currencies but...

Polish central bank to hold key rates steady

Mar 10, 2016 11:35 am UTC| Commentary Central Banks

The National Bank of Poland is likely to keep its key interest rate on hold at 1.5% tomorrow, while the updated inflation report is not expected to show any change to the current monetary policy. The central banks report...

What will ECB do today: Analysts’ calls at big investment banks

Mar 10, 2016 11:27 am UTC| Commentary Central Banks

Our expectations are in sharp contrast to expectations from big investment banks. As situation has improved both in inflationary terms globally and financial markets, oil price edged up, along with industrial commodities...

Bank Indonesia likely to continue easing policy with cautious approach

Mar 10, 2016 09:36 am UTC| Commentary Central Banks

The Indonesian central bank, in its current policy easing cycle, has been very aggressive. Since late 2015 the central bank has cut its reserve requirement rate by 150bps and has also lowered its key BI rate by a total of...

Malaysian central bank keeps interest rate on hold, economic growth likely to moderate in 2016

Mar 10, 2016 08:52 am UTC| Commentary Central Banks

The Malaysian central bank, Bank Negara (BNM), kept its overnight policy rate on hold at 3.25% yesterday in order to balance the risks between inflation and growth. The central bank stated that the growth outlook is...

ECB actions or no-actions may boost Yen volatility too

Mar 10, 2016 07:47 am UTC| Commentary Central Banks

While Euro would be the pair to watch over ECB, next big mover could easily turnout as Yen. Partially that would be due to move in Dollar, but largely that would be due to risk angle of it. Yesterday as equities,...