UK November MPC: Large uncertainties remain with an increased downward bias

Nov 05, 2015 22:16 pm UTC| Commentary Central Banks

The BoE kept its policy stance unchanged and the balance of voting remained at 8 to 1 in favour of the status quo. The minutes of the meeting highlighted diverging views among Committee members as well as a downside bias,...

The Czech National Bank has left rates unchanged,but the board has started to cast a shadow

Nov 05, 2015 18:28 pm UTC| Commentary Central Banks

The CNB has left rates unchanged, and the FX floor remains at EUR/CZK27. The statement no longer included the sentence that the exit would not occur before H2 16. However, Governor Singer said that the floor would probably...

BoE’s super Thursday review

Nov 05, 2015 16:49 pm UTC| Commentary Central Banks

The Monetary Policy Committee voted 8-1 to maintain interest rates unchanged at todays meeting. MPC member Ian McCafferty again voted for a 25bp rate increase. The consensus and forecast estimate was a 8-1 vote on rates....

Strong GBP still a concern for BoE – buys time before the crucial meeting in December

Nov 05, 2015 16:26 pm UTC| Commentary Central Banks

As expected, the Monetary Policy Committee (MPC) kept the Bank Rate and stocks of purchased assets unchanged at 0.50% and GBP375bn, respectively. The vote was once again 8-1, as Ian McCafferty still voted in favour of...

Even with weak data, Fed rhetoric increasingly points toward a December lift-off

Nov 05, 2015 02:40 am UTC| Commentary Central Banks

Even with weak data, Fed rhetoric increasingly points toward a December lift-off. In her testimony before Congress yesterday, Chairwoman Yellen said the economy is performing well and a December hike is a live possibility....

Bank of Thailand kept rates unchanged on Wednesday

Nov 05, 2015 02:29 am UTC| Commentary Central Banks

As widely expected, Bank of Thailand (BOT) kept rates unchanged on Wednesday. That it was a unanimous decision was somewhat surprising. The central bank sees a gradual recovery in the economy, on the back of an accelerated...

Malaysia Central Bank is expected to keep monetary policy on steady keel today

Nov 05, 2015 01:57 am UTC| Commentary Central Banks

Bank Negara is expected to keep monetary policy on steady keel today. The central is widely expected to leave the Overnight Policy unchanged at 3.25% in todays meeting. Despite the mix of higher inflation, slow growth and...