ECB’s Constancio blames market expectations, hails ECB communication

Dec 04, 2015 11:56 am UTC| Commentary Central Banks

While traders, investors and analysts are blaming European Central Banks (ECB) communications over its intention, after the bank fell well short of market expectations, resulting in seventh biggest Euro move since its...

RBI may achieve below 5 pct inflation target by 2017

Dec 04, 2015 10:03 am UTC| Commentary Central Banks

The Reserve Bank of India kept its repo rate unchanged at 6.75 in its fifth Bi-Monthly Monetary Policy review meting. Cash Reserve Ratio (CRR) was held unchanged at 4 percent and Marginal Standing Facility (MSF) rate and...

Currency War Series

ECB’s another rate cut likely in March

Dec 04, 2015 10:00 am UTC| Commentary Central Banks

The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...

Key takeaways from ECB actions

Dec 04, 2015 09:50 am UTC| Commentary Central Banks

ECBs punitive actions yesterday, to just reduce rates by 10 basis points and six months extension baffled market participants and analysts (including us), all around globe, leading to massive short covering in Euro, which...

Currency War Series

Russia's CBR to cut rates again to support the tumbling economy?

Dec 04, 2015 09:28 am UTC| Commentary Central Banks

Ruble came under increased pressure again over last week. USD-RUB, being at 68, previous highs of 2015 as in January, February and August are not far away, which is more than inconvenient for the central bank. CBR would...

Why the hawks reigned at ECB meeting?

Dec 04, 2015 09:02 am UTC| Commentary Central Banks

It is quite clear from European Central Banks (ECB) much smaller than expected stimulus yesterday, that hawks might have reigned the ECB meeting. Bundesbank president, Jens Weidmann is much known hawk, who had expressed...

ECB’s smaller actions wipe out billions of Dollars in bond market

Dec 04, 2015 07:54 am UTC| Commentary Central Banks

European Central Banks (ECB) smaller than expected monetary stimulus, wiped out billions of Dollars from bond market worldwide as investors rush for exits, from the most overcrowded trades of the year. After, last...