Fed likely to move in December - FOMC minutes review

Nov 18, 2015 20:28 pm UTC| Commentary Central Banks

The minutes of the 27-28 October FOMC meeting suggest that a December rate hike remains rather likely. Thus most members of the committee said at the meeting that conditions for a rate hike could well be met by...

FOMC to sound tough but promise restraint

Nov 18, 2015 18:30 pm UTC| Commentary Central Banks

Markets have mostly drifted, but German Bund yields and the euro both drifted lower. Theres a shortage of meaningful news to drive markets anywhere much, but the euro downtrend continues. For sure, its a pretty crowded...

South African economy needs rate cut

Nov 18, 2015 13:06 pm UTC| Commentary Economy Central Banks

The South African Reserve Banks rate decision is likely to announce this week. On the one hand, the economy needs a monetary policy easing in order to accelerate the growth rate, but the central bank is under...

Yellen warns loud against FED oversight bill

Nov 18, 2015 08:16 am UTC| Insights & Views Central Banks

Federal Reserve Chair, Janet Yellen warned against a bill, which is being considered on the floor of House of Representatives, known as FED oversight bill. According to her, the bill if becomes law would severely damage US...

BoJ preview:BoJ to stay on hold with data and market movements mixed since the previous monetary policy meeting

Nov 17, 2015 16:24 pm UTC| Commentary Central Banks

The BoJ will hold a Monetary Policy Meeting (MPM) on 18-19 November. Although it lowered its real growth and CPI forecasts at the previous meeting (30 October), it decided to leave its monetary policy framework unchanged....

Bank Indonesia cuts RRR; flags start of easing cycle

Nov 17, 2015 16:00 pm UTC| Commentary Central Banks

Bank Indonesia (BI) lowered its reserve requirement ratio from 8.0% to 7.5%, with effect from 1 December, in an attempt to ease policy in a way that does not stoke currency volatility. Though not exactly a 25bp policy rate...

RBA provide interim relief to vulnerable AUD – no other strategy but shorting to rescue overvalued currency risk

Nov 17, 2015 13:32 pm UTC| Insights & Views Central Banks

The minutes of the monetary policy meeting of the Reserve Bank Board for November provided no significant surprises. The Aussie gained on Tuesday after minutes of the central banks November board meeting noted some scope...