Chair Yellen distilled the key themes for the US economy and the interest rate outlook overnight

Dec 02, 2015 23:44 pm UTC| Commentary Economy Central Banks

Overnight, Chair Yellen began a two-day engagement in Washington with an address to its Economic Club (to be followed by testimony before the Joint Economic Committee tomorrow). Being the final major addresses made by...

RBNZ MPS preview: OCR decision is a close call

Dec 02, 2015 23:08 pm UTC| Commentary Central Banks

Some OCR decisions are clear cut affairs, and others are uncertain right through to the last minute. Next weeks December Monetary Policy Statement is of the uncertain variety, which will make it a key event for markets....

Fed Chair Janet Yellen sends a strong signal for a December hike and gradual pace thereafter

Dec 02, 2015 21:43 pm UTC| Commentary Central Banks

Fed Chair Yellen opened her speech discussing the cumulative progress that has been made in achieving the Feds dual mandate. She noted the substantial progress made in labor markets, but said the committee remains short of...

US Yellen makes case for a December rate hike

Dec 02, 2015 18:46 pm UTC| Commentary Central Banks

In her speech to the Economic Club of Washington this lunch time, Fed Chair Janet Yellen was quite explicit in making the case for a first interest rate hike at the upcoming FOMC meeting, which ends on 16th...

ECB inflation hopes prove to be an illusion

Dec 02, 2015 17:47 pm UTC| Commentary Central Banks Economy

In the euro zone, the underlying price momentum based on the inflation rate without the volatile prices for energy, food, alcohol and tobacco dropped again to 0.9% in November. This makes the rise in core inflation rae to...

Bank of Canada on sidelines as Fed rate hike looms

Dec 02, 2015 17:20 pm UTC| Commentary Central Banks

The Bank of Canada kept the key overnight interest rate unchanged at 0.5 percent as expected, as the Federal Reserve is poised to hike rates for the first time in nearly 10 years. The Banks decision did not, however,...

Bank of Canada Interest rate announcement: Poloz stands pat, with all eyes on Yellen

Dec 02, 2015 15:25 pm UTC| Commentary Central Banks

The Bank of Canada left its key policy rate unchanged at 0.50% today. The Bank characterized the economy and inflation as evolving broadly in line with its October outlook as outlined in its Monetary Policy Report...