RBNZ likely to pause in October

Sep 18, 2015 05:33 am UTC| Commentary Central Banks

After considering this weeks events, the timing of OCR cutsis expected. The Reserve Bank is expected to pause at 2.75% at its 29 October review, before delivering further rate cuts in December, January and March. A 2%...

Commodity-dependent Norway's Norges Bank to cut rates?

Sep 18, 2015 05:22 am UTC| Commentary Central Banks

Norges Bank last cut on June 18th and began cutting last December for a cumulative 50bps move to 1%. Economists are divided on whether another cut may be delivered now. That sounds familiar. Anyway, crude oil,...

Discrepancy between market and Fed’s rate path reflects difference in inflation outlook

Sep 18, 2015 05:02 am UTC| Commentary Central Banks

In accordance with changes in the economic outlook, the updated interest rates projections show that the leadership, as proxied by the average of the 4-6 dots, modestly lowered the pace of the hiking cycle. The fed...

Fed makes modest changes to growth projections

Sep 18, 2015 04:57 am UTC| Commentary Central Banks

The Fed made modest changes to the growth projections, which suggests that it does expect the tightening of financial conditions to be a drag on growth. The Fed expects growth to average 2.1% in 2015. With growth in the...

RBA's Stevens says lower AUD assisting economy, but growth not fast enough

Sep 18, 2015 04:18 am UTC| Commentary Central Banks

Reserve Bank of Australia Governor Glenn Stevens told Australias parliament on Friday that the lower Australian dollar is having a bigger impact on the economy now, but that growth is still not as fast as hoped...

What if Fed raises rate?

Sep 17, 2015 07:58 am UTC| Insights & Views Central Banks

With only three FOMC meetings left over this for this year we should now be approaching crunch time. However, members have sounded more cautious of late, as uncertainties about the Chinese economy have come to the fore....

What can we expect from the SNB tomorrow?

Sep 16, 2015 15:26 pm UTC| Commentary Central Banks

The latest macro-economic data are a little bit better than expected in Switzerland. After the contraction in the first quarter, the second quarter in Switzerland turned out to be much better than expected (0.2% QoQ versus...