Further BoJ easing expected in October
Oct 04, 2015 20:52 pm UTC| Commentary Central Banks
Deteriorating growth and weakening inflation outlook in Japan increased the pressure for the BoJ to act early. With regards to specific easing measures, the BoJ is expected to 1) increase the annual pace of monetary base...
BoE on hold but may want to tailor expectations somewhat
Oct 04, 2015 20:34 pm UTC| Commentary Central Banks
The BoE is expected to keep the Bank Rate and asset purchase decision unchanged at its October meeting (Thursday) in line with market expectations. Nonetheless, it is believed that the tone of the MPC from the release of...
ECB minutes in search of strong signals regarding further stimulus
Oct 04, 2015 20:24 pm UTC| Commentary Central Banks
Amid a relatively light data calendar in Europe, the release of the ECBs September policy meeting minutes will attract market interest. The focus will be on potential options discussed by the GC to ease policy further....
Pace of Denmark's FX intervention slowed in September
Oct 02, 2015 16:01 pm UTC| Commentary Central Banks
Danmarks Nationalbank (DN) has just published Septembers FX reserve and central bank balance sheet. In September, the FX reserve declined to DKK 514bn from DKK 536bn in August. DKK 22bn of the decline was due to DN...
Euro area back in deflation,pressure on the ECB to do more
Oct 02, 2015 15:19 pm UTC| Commentary Central Banks
Euro area HICP inflation declined back into deflation territory in September and with 5Y5Y market-based inflation expectations trading below 1.6% for the first time since February, the pressure on the ECB to announce more...
Oct 02, 2015 07:56 am UTC| Commentary Central Banks
Media reports spread rumours yesterday that the BoJ currently does not consider an extension of its expansionary monetary policy to be necessary. Instead it would prefer to wait a little longer to get a clearer idea of the...
Implications of MAS policy on SGD rates
Oct 02, 2015 02:10 am UTC| Commentary Central Banks
It is believed that re-centring would provide the best outcome for fixed income markets as markets price out uncertainty around further MAS easing. On the other hand, a move to a zero slope would be the worst outcome for...
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