CBR to review its key rates in December meeting

Nov 02, 2015 07:13 am UTC| Commentary Central Banks

After the Bank of Russia Board of Directors decided to maintain the key rate at 11% in September, the CBR remained in wait-and-see mode. A still volatile rouble and the corresponding high inflation risks weigh on the CBR....

Banxico may to keep monetary policy unchanged

Nov 02, 2015 06:19 am UTC| Commentary Central Banks

USD/MXN is poised to trade in tandem with the rest of the EM block and commodity prices, as no substantial changes are expected in the inflation report, which will be released next Wednesday. It is believed that Banxico...

Hawkish Fed guidance keeps a December rate increase on table

Nov 02, 2015 05:17 am UTC| Commentary Central Banks

The Federal Reserve sent a hawkish signal at its October FOMC meeting. The lack of a press conference is felt, the short intermeeting period, and the pre-existing divide on the committee would lead to only minor changes in...

PBoC rate cut likely in Q4 15

Nov 02, 2015 04:16 am UTC| Commentary Central Banks

China official manufacturing PMI remained flat at 49.8 in October, below expectation. On the breakdown, the pickup in new orders (to 50.3 from 50.2) was offset by the decline in production (to 52.2 from 52.3). Notably,...

Improving EA data unlikely to deter ECB from further easing

Nov 02, 2015 03:48 am UTC| Commentary Central Banks

Final Euro area October PMIs and German manufacturing data will be watched this week, along with a raft of ECB speakers. EA manufacturing and services PMIs are likely to be confirmed at 52.0 and 54.2, respectively,...

BoE's Super Thursday

Nov 02, 2015 03:42 am UTC| Commentary Central Banks

The focus for GBP this week will be the raft of BoE communication due for release on Thursday. This will include the November policy decision, minutes related to that meeting and the November Inflation Report. The...

Norges Bank on hold for now

Nov 02, 2015 03:39 am UTC| Commentary Central Banks

The Norges Bank is likely to keep its deposit rate unchanged at 0.75% for three key reasons. First, since the September policy meeting, Norwegian economic data have broadly been better than expected, illustrated by the...