PBoC lowers SLF rates in move to build a new policy framework
Nov 20, 2015 15:37 pm UTC| Commentary Central Banks
The PBoC cut its overnight and 7d SLF rates in a move to anchor market interest rate expectations ahead of the resumption of IPOs next week. The central bank announced yesterday that it would lower the rate charged by its...
Swiss trade balance not suffice to restrain USD/CHF rallies but SNB lined up for rate cut
Nov 20, 2015 13:42 pm UTC| Technicals Central Banks
Switzerland has posted upbeat trade balance numbers for this month at 4.13B which is a way beyond 3.25B and forecasts at 3.18B. Swiss National Bank left monetary policy unchanged last meeting, the SNB had left the...
BoE may follow Fed’s December rate hike
Nov 20, 2015 12:56 pm UTC| Commentary Central Banks
The BoE is expected to hike its bank rate around a year later the Fed. The money market curve in the U.K. is quite flat and a sharp steepness expected to see. UK headline inflation is expected to increase above 1% by Q2 16...
German hawk counters European doves (again)
Nov 20, 2015 12:21 pm UTC| Insights & Views Central Banks
German hawk (Bundesbank chief Jens Weidmann) today in his speech took on the European doves (ECB president Draghi executive board member Peter Paret) again discarding the fear over deflation. Mr. Draghi and Paret (both...
Euro grinds lower with stronger signal from Mario Draghi
Nov 20, 2015 08:54 am UTC| Insights & Views Central Banks
European Central Bank chief, Mario Draghi probably giving out the strongest signal possible to give by a central bank chief in an even other than monetary policy announcement. He is clearly signaling that ECB stands ready...
Depo-rate cut may not do much to address Bundesbank buying issues
Nov 20, 2015 08:41 am UTC| Insights & Views Central Banks
Deposit rate cut is almost a guarantee, when European Central Banks (ECB) governing council meet on December 3rd, to take further measures in monetary policies. Market is expecting a combination of moves, which is...
ECB’s October minutes: Examining all options for further action in December
Nov 19, 2015 21:28 pm UTC| Commentary Central Banks
The account of the monetary policy October meeting makes it clear that the Governing Council (GC) was dissatisfied about how monetary policy had so far not been able to deliver a noticeable impact on its final target, i.e....
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects