Improving EA data unlikely to deter ECB from further easing
Nov 02, 2015 03:48 am UTC| Commentary Central Banks
Final Euro area October PMIs and German manufacturing data will be watched this week, along with a raft of ECB speakers. EA manufacturing and services PMIs are likely to be confirmed at 52.0 and 54.2, respectively,...
Nov 02, 2015 03:42 am UTC| Commentary Central Banks
The focus for GBP this week will be the raft of BoE communication due for release on Thursday. This will include the November policy decision, minutes related to that meeting and the November Inflation Report. The...
Nov 02, 2015 03:39 am UTC| Commentary Central Banks
The Norges Bank is likely to keep its deposit rate unchanged at 0.75% for three key reasons. First, since the September policy meeting, Norwegian economic data have broadly been better than expected, illustrated by the...
Hawkish views from Jeffrey Lacker
Oct 30, 2015 12:30 pm UTC| Insights & Views Central Banks
Jeffrey M. Lacker, president of Richmond FED had been the only hawk last Wednesday, when policymakers chose to maintain current monetary policy accommodation by 9-1 vote. In a speech today, Mr. Lacker explained, why he...
Policy divergence between Fed and other central banks will continue to be a USD-positive factor
Oct 30, 2015 11:14 am UTC| Insights & Views Central Banks
The Federal Reserve left short-term interest rates unchanged earlier this week, but clearly highlighted the potential for tightening as soon as the December meeting. The committee made a clear decision to lean hard against...
BoJ's monetary base likely to increase further
Oct 30, 2015 09:02 am UTC| Commentary Central Banks
The Bank of Japan (BoJ) refrained from easing monetary policy further today. The decision was taken by an 8-1 majority, even though the bank has slashed its inflation forecast by a large margin in its semi-annual...
Norges Bank’s ‘uncertainty premium’ weighed on NOK
Oct 30, 2015 07:57 am UTC| Commentary Central Banks
Norges Bank (NB) has really surprised the market several times over the past 12 months. For example, the market was strongly positioned for a rate cut at the policy meeting in March 2015 but when NB stayed on hold, the NOK...
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