Taiwan CBC likely to keep benchmark rates unchanged

Sep 24, 2015 11:02 am UTC| Commentary Central Banks

In todays statement, the CBC pointed out that with inflation in negative territory, real interest rates in Taiwan were still relatively high, an indication to us that the bank can still ease (towards the post-Lehman low of...

Norges Bank cut its rate, this is not likely to be the last

Sep 24, 2015 10:30 am UTC| Commentary Central Banks

NOK weakened significantly on todays decision and is already much weaker than Norges Banks Q4 forecast for import weighted NOK (I-44). Norges Banks forecast is 104,5 and currently I-44 is 107,6. This strengthens the case...

China's FX intervention unlikely to sustain

Sep 24, 2015 09:22 am UTC| Commentary Central Banks

The Chinese authorities may have bought some time by implementing macroprudential measures to make it more costly and difficult for domestic entities to buy USD, but the efficacy of such measures will likely fade over time...

RBI does everything to glitter INR but pressurized from external macros

Sep 24, 2015 08:50 am UTC| Insights & Views Central Banks

The Indian rupee has been relatively insulated from external pressures from US monetary policy and China. A narrowing in Indias current account deficit from 2013 levels, lower crude oil prices (India is heavily reliant on...

BCB intervention likely to prevent BRL weakness?

Sep 24, 2015 07:40 am UTC| Commentary Central Banks

BCB finally intervened yesterday to stem the pace of BRL depreciation by auctioning 20,000 contracts (2 bln USD notional value) of FX swaps. In truth, BCB had little alternative, USD-BRL traded above 4.14 whilst...

Euro Area's headline CPI to stay below 1% till later next year

Sep 24, 2015 06:59 am UTC| Commentary Central Banks

Recent global and financial developments, emanating particularly from China, combined with the relative tentativeness of the eurozones economic upswing, have prompted ECB officials to emphasise that the QE programme will...

FOMC likely to hike before year end

Sep 24, 2015 06:54 am UTC| Commentary Central Banks

The decision of the Federal Open Market Committee to maintain the policy target range of 0-0.25% at its September policy meeting prompted a sharp fall in US Treasury yields. The impact was particularly marked on...