BoK keeps policy rate unchanged, likely to lower in Q2 and cut 2016 GDP forecast

Mar 10, 2016 07:44 am UTC| Commentary Central Banks

South Korean central bank kept its policy rate on hold at 1.5%, on par with expectations. The rate decision was non-unanimous for the second continuous month. One MPC board member again voted to lower the rate. The MPCs...

ECB may boost PSPP with €120 billion: sounds better, doesn’t it?

Mar 10, 2016 07:09 am UTC| Commentary Central Banks

We dont think if we ask the question, which sounds better coming from ECB - 10 billion or 120 billion, we would be having difference of opinion. And that is despite the fact that both are same. If ECB boost current...

RBNZ cuts OCR by 25bps, likely to lower again in June

Mar 10, 2016 06:53 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand has surprisingly lowered the OCR by 25 basis points to 2.25%, a new record low, and has hinted at another cut in the future. The central bank lowered the rate mainly because of the...

BoC likely to continue accommodative stance, to hold policy till 2018

Mar 10, 2016 06:05 am UTC| Commentary Central Banks

The Bank of Canada, on Wednesday, kept its key policy interest rate on hold at 0.5%, in line with an economy, which is seen as evolving in line with forecasts published in the January Monetary Policy Report. Global...

Danish short rates likely to be unchanged in 2016, 2017

Mar 10, 2016 05:28 am UTC| Commentary Central Banks

With the ECB expected to further ease policy today, questions arise for the response of Danish central bank. In the past three months the Danish central bank has narrowed the interest rate differential to the ECB twice....

Currency War Series

Strong NZD is making matters more complicated for RBNZ

Mar 09, 2016 14:32 pm UTC| Commentary Central Banks

Strong NZD is making matters more complicated for RBNZ Reserve Bank of New Zealand will announce its rate decision early tomorrow followed by a press conference of the RBNZ Governor Wheeler. No changes are expected for...

BOC monetary policy preview

Mar 09, 2016 13:06 pm UTC| Commentary Central Banks

Today Bank of Canada (BOC) is to provide further guidance in policy meet. Result to be announced at 15:00 GMT. Current policy measures BOC is maintaining overnight deposit rate at 0.5% Core objective of BOC...