ECB's likelihood measures to improve euro area financial conditions
Sep 03, 2015 08:47 am UTC| Commentary Central Banks
As the financial and monetary condition of euroarea are deteriorated, more measures are likely to be deployed by ECB before year-end. Barclays notes, ECB states in the last press conference: If any factors were to lead to...
COPOM to continue being on hold for a 'prolonged' period
Sep 03, 2015 03:30 am UTC| Commentary Central Banks
The Copom continues to believe that keeping the Selic rate at this level (14.25%) for a sufficiently prolonged period is necessary to converge inflation to the mid-point of the target. The recent developments in China...
COPOM : Currency selloff not significant enough to keep hiking
Sep 03, 2015 02:00 am UTC| Commentary Central Banks
Today, the Copom decided to keep the Selic rate at 14.25%, pausing the hiking cycle that it resumed in October 2014 in a unanimous decision, as consensus expected. In the post-decision statement, the board kept the same...
Sep 02, 2015 21:50 pm UTC| Commentary Central Banks
The ECB meets tonight after an eventful summer with turmoil in EM, collapsing inflation expectations and continued uncertainty in Greece. Last week, Praet warned that developments in the world economy and in commodity...
National Bank of Poland meeting a non event
Sep 02, 2015 06:56 am UTC| Commentary Central Banks
Todays Poland MPC meeting will be a non-event as far as market participants are concerned. NBP already stated that they are at the end of their rate cutting cycle, so the main focus will be upon if and when rates are...
A monetary easing bias remains in place in New Zealand
Sep 01, 2015 23:42 pm UTC| Commentary Central Banks
The Reserve Bank of New Zealand (RBNZ) reduced the benchmark overnight cash rate by 25 basis points (bps) in July following an equivalent cut in June, taking the key rate to 3.00%. Inflationary pressures remain weak, with...
Brazil Real's depreciation to test BCB stance irrespective of near-term rate decision
Sep 01, 2015 16:32 pm UTC| Commentary Central Banks
The BCB is set to raise the Selic rate by another 25bp at its September Copom meeting and then to go on hold. The immediate downside risk, going by the July Copom statement, is that it has already concluded the tightening...
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