New ECB easing big threat for Japan, Nikkei and Yen

Oct 27, 2015 13:09 pm UTC| Insights & Views Central Banks

Further easing from European Central Bank (ECB) is posing new bigger threat to Japanese economy as it would push the competitiveness of European products ahead of Japan. European Central Bank (ECB) is taking a more...

Bank of Russia may keep key rate on hold at next week’s MPC meeting

Oct 27, 2015 12:26 pm UTC| Commentary Central Banks

Inflation indicators have been relatively positive since the last meeting in mid-September, when the CBR held its key rate unchanged after five consecutive cuts since January 2015. Therefore, the Bank of Russia (CBR) is...

Fed's signals on rate hike likely to weigh on gold

Oct 27, 2015 10:14 am UTC| Commentary Central Banks

Gold is trading largely unchanged at around $1,165 per troy ounce in the run-up to tomorrows meeting of the US Federal Reserve. According to figures from the International Monetary Fund, not only China and Russia (see...

GDP figure set to decide Pound’s mood ahead of FOMC

Oct 27, 2015 09:02 am UTC| Insights & Views Central Banks

Today flash estimate of third quarter GDP report from UK to be released at 9:30 GMT. UKs GDP is expected to grow at 0.6% on quarterly basis and 2.4% y/y. Why the GDP figure crucial? Gross domestic product (GDP)...

PBoC's rate corridor at short end

Oct 27, 2015 07:53 am UTC| Commentary Central Banks

The PBoC has several instruments for managing short-term liquidity: bank reserves, open market operations (OMOs), including short-term liquidity operations (SLOs), and standing lending facilities (SLFs). The rates on these...

ECB has zero tolerance regarding EUR appreciation

Oct 27, 2015 07:16 am UTC| Commentary Central Banks

The slowdown in the emerging markets is starting to cast an ugly shadow on the euro area. However, corporates are not yet singing the blues, at least not according to the leading indicators. The manufacturing PMI remained...

CBC likely to keep its benchmark rate unchanged

Oct 27, 2015 06:55 am UTC| Commentary Central Banks

Taiwanese industrial production fell 5.3% y/y in September, below expectations. As with the disappointing September exports release, a slow inventory adjustment continued to weigh on electronics. Indeed, TSMC Chairman...