FOMC to begin the monetary normalization process

Nov 08, 2015 21:29 pm UTC| Commentary Central Banks

The USD is poised to resume its upward trend as markets continue re-pricing further hikes for the Fed for 2016. Although the probability of a December liftoff is very high (90%), Fed Funds implied probability of increasing...

UK industrial production not strong enough to support BOE hit pound

Nov 06, 2015 09:44 am UTC| Insights & Views Central Banks

UK industrial production data, which showed improvement is unlikely to support Pound, which has been hit hard by weaker inflation and interest outlook of Bank of England (BOE) yesterday. According to latest projection,...

Russian inflation remains elevated, concerns central bank

Nov 06, 2015 09:03 am UTC| Commentary Central Banks Economy

Russian inflation remains persistant, this is also explained by the consumer price data, which was 0.7% mom for October climbing 0.1% from that of previous month. Russian central bank had not cut rates any further...

FED succeeds in October communication

Nov 06, 2015 08:59 am UTC| Insights & Views Central Banks

US Federal Reserve has succeeded in its communication in October monetary policy meeting, even though there hasnt been any press conference scheduled for that meeting. By tweaking its language and stressing on the next...

The Czech National Bank's interest rate outlook likely to create appreciation pressure on CZK

Nov 06, 2015 07:19 am UTC| Commentary Central Banks

The CNBs interest rate forecast points to four 25bp hikes in the first half of the 2017. However, CNB would likely exit the intervention regime earlier and hike less. Given the market outlook on ECB rates, the ECB...

GBP still remains a concern for Bank of England

Nov 06, 2015 07:06 am UTC| Commentary Central Banks

There was once again an 8-1 voting in the Bank of Englands Monetary Policy Committee meeting yesterday for keeping the rates unchanged and the BoE kept the rates on hold, as the markets expected. The minutes still...

US Fed interest rate hike around the corner?

Nov 06, 2015 06:38 am UTC| Commentary Central Banks

US Federal Reserve kept its interest rates near zero for almost a decade now, and this year it has brought in many anticipations around. Markets were pricing for the hike since H2 2015 and now the next likely time is...