Danish central bank will not track ECB rate cut
Nov 03, 2015 15:32 pm UTC| Commentary Central Banks
The ECBs Governing Council has once again opened the floodgates for monetary easing. Even if the ECB chooses to slash its deposit rate in early December, economists do not expect the central bank to follow suit with a CD...
Synchronized central bank stimulus sets off global market rally
Nov 03, 2015 15:11 pm UTC| Commentary Central Banks
Economists have seen this all before as fundamentals deteriorate, central banks act. It happened in third quarter 2012. With earnings growth expectations negative, the Federal Reserve stepped in with a third round of...
BoE preview: market pushed hikes too far
Nov 03, 2015 14:44 pm UTC| Commentary Central Banks
Economists expect a measured hawkish nudge from BoEs Quarterly Inflation Report (QIR)to be published on 5 November. There has not been enough downside news, for the BoE to justify the decline in market interest rate...
European markets to look for cues in Draghi’s speech today
Nov 03, 2015 12:51 pm UTC| Insights & Views Central Banks
Euro as well as European bond and stock markets will look for cues on further ECB action in todays scheduled speech by European Central Bank (ECB) president Mario Draghi. After raising the possibility of further ECB...
Consolidation in USD/CAD to extend further, higher U.S rates, lower oil prices to weigh
Nov 03, 2015 11:28 am UTC| Insights & Views Central Banks Technicals
The Bank of Canada in October held interest rates, but painted a gloomy picture of the Canadian economy. The BOC noted that weak oil prices have had a negative impact on the export sector and hurt economic growth. In its...
RBA leaves door to further rate cut wide open
Nov 03, 2015 08:48 am UTC| Commentary Central Banks
As the majority of analysts believed that the Australian central bank left its key rate unchanged at 2.00%. Overall it seemed quite optimistic as regards the Australian economy. There was particular reference to the...
Weak euro with nice side effects for ECB
Nov 03, 2015 08:43 am UTC| Commentary Central Banks
The euro has recovered notably since the spring and on a trade weighted basis it has now appreciated by approx. 4%. The data thus underlines why ECB President Mario Draghi is likely to be so keen for the euro to return to...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight