Oct 21, 2015 15:38 pm UTC| Commentary Central Banks
The Bank of Canada left its key policy rate unchanged at 0.50% today. The Bank judges the current level of the overnight rate to be appropriate, but maintained a cautious tone in its outlook, acknowledging global risks and...
RBI's another rate cut of 25bps likely in H1 16
Oct 21, 2015 08:55 am UTC| Commentary Central Banks
Government of Indias pro-active food price management, persistent idle manufacturing capacity leading to weak pricing power, fresh leg down in commodity prices globally in Q3 2015, and relatively stable INR seem to be...
Russian Central bank increases its gold reserves by 34 tons in September
Oct 21, 2015 08:11 am UTC| Commentary Central Banks
This morning sees gold trading at around $1,175 at the 200-day moving average. The Russian central bank continued to top up its gold reserves in September. According to figures on its website, it purchased 1.1 million...
Oct 21, 2015 07:19 am UTC| Commentary Central Banks
It is pretty much a foregone conclusion that the Brazilian central bank (BCB) will keep rates on hold at tonights Copom meeting at 14.25%. The improvement in external financing conditions (lower US yields etc.) alongside...
BoE governor's speech likely to cover Brexit
Oct 21, 2015 07:12 am UTC| Commentary Central Banks
Bank of England Governor Mark Carney, during his speech, will be referring to the effects of a possible Brexit (Great Britain leaving the EU) for the UK and the BoE. As Carney has suggested it is going to be a bit of a...
BoC to hold rate unchanged today
Oct 21, 2015 06:58 am UTC| Commentary Central Banks
Sentiment in Canada is turning. And that is not only due to the imminent change in government following the surprise majority achieved by the Liberal Justin Trudeau. The economy too seems to be picking up again following a...
Uncertainty regarding ECB strategy
Oct 21, 2015 06:53 am UTC| Commentary Central Banks
Over the past few days speculation about an imminent extension of the ECB QE programme repeatedly put pressure on the euro the single currency was able to appreciate slightly yesterday. The reason behind it was the...
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