Renminbi Series

Changes in China's FX policy reiterate the Central Bank's intention for a more flexible RMB

Feb 24, 2016 11:36 am UTC| Insights & Views Central Banks

Some subtle but notable changes are seen in PBoCs FX policy after Chinas return from the New Year holiday on 15 February. PBoCs daily USD-CNY fixings have been showing larger two-way volatility after a period of stability...

Currency War Series

Briferendum Series

BOE governor expresses worries over Pound

Feb 24, 2016 09:21 am UTC| Commentary Central Banks

After the initial jump over deal announcement last week, Pound has dropped sharply against all of its major trading counterparts as well as emerging market currencies. Since Friday, Pound has dropped close to 3% against...

Fed Hike Aftermath Series

Key commentaries from Stanley Fischer

Feb 24, 2016 07:48 am UTC| Commentary Central Banks

Someone is not worried of market moves! US Federal Reserve vice chair in a speech at energy conference sounded more hawkish than the FED chair Janet Yellen sounded in congress. Key commentaries According to Mr....

Emerging Market Crisis Series

Brazilian central bank unlikely to hike rates despite high mid-February inflation print

Feb 24, 2016 07:32 am UTC| Commentary Central Banks

Brazils February IPCA-15 inflation accelerated 1.42% m/m and 10.8% y/y, surprising on the upside. The unexpected gains in apparel prices and broad-based price adjustments in beauty products mainly led to the surprising...

Currency War Series

Riksbank minutes - what do they mean for the Krona?

Feb 23, 2016 15:05 pm UTC| Commentary Central Banks

Minutes of the Riksbank meeting of Feb 11th published yesterday showed that the decision taken by Riksbanks Executive Board is a voting result and not a consensus decision. On 11th February the Riksbank lowered its key...

MAS cuts 2016 headline inflation forecast, reflecting deeper decline in global oil prices

Feb 23, 2016 09:33 am UTC| Commentary Central Banks

Singapores headline CPI continued to be in the negative territory in January, dropping 0.6% y/y, the same decline as in December. The drags on headline inflation were due to the weak rental market and private road...

National Australia Bank – 30 years of strategy failure

Feb 23, 2016 00:57 am UTC| Insights & Views Central Banks

In its first quarter results this month, the National Australia Bank (NAB), breathed a sigh of relief announcing that the separation of Clydesdale had been successful with an expected loss of approximately A$4.2 billion....