Currency War Series

Massive Swedish surprise courtesy Riksbank

Feb 11, 2016 10:15 am UTC| Commentary Central Banks

Riksbanktook market participants by surprise with larger than expected rate cut. Market was expecting it would cut interest rates further into the negative from current -0.35% but not more than -0.45%. Now Riksbankdid a...

Fed Hike Aftermath Series

Fed hike aftermath series: hike probability review post Yellen testimony

Feb 11, 2016 07:55 am UTC| Commentary Central Banks

At the end of last year, market was predicting FED will hike rates twice this year and the first to come as early as March. However, global financial market turmoil has been pushing hikes into the future, and now market...

Currency War Series

Norges Bank likely to cut rates in March

Feb 11, 2016 06:49 am UTC| Commentary Central Banks

The Norges Bank board, during its MPC-meeting in December, had hinted that they were mostly likely to lower rates in March rather than keep them unchanged. The Norges Bank was earlier expected to keep rates on hold in...

Fed Hike Aftermath Series

US Fed still likely to resume hiking rates in 2016

Feb 11, 2016 05:03 am UTC| Commentary Central Banks

US Federal Reserve Chair Janet Yellen in her semi-annual testimony stated that the central bank still intends to hike rates slowly. However, she said that the persistent volatility in the market might delay the Feds plans...

Currency War Series

Bangko Sentral ng Pilipinas likely to raise policy rate in 2H16

Feb 11, 2016 03:03 am UTC| Commentary Central Banks

The Bangko Sentral ng Pilipinas (BSP) is not in a rush to tweak its monetary policy, especially with the imminent implementation of the new rate corridor. There has been some chatter about the BSP introducing new...

Currency War Series

Emerging Market Crisis Series

Upside risks for additional tightening from BCB

Feb 10, 2016 15:57 pm UTC| Commentary Central Banks

Brazil inflation is highly unlikely to converge on BCB target in 2017 unless we see sharp BRL appreciation, which appears highly unlikely. January inflation data came in at 10.71% y/y as against Decembers 10.67% y/y, above...

Inflation data unlikely to influence Norges Bank's March rate path

Feb 10, 2016 15:42 pm UTC| Commentary Central Banks

Norway January core inflation came in at 3.0 %y/y inline with Norges Bank forecast and consensus. Headline inflation increased to 3% from 2.3% last month. Data is unlikely to influence Norges Banks March rate path. Norges...