RBA not out of the woods yet

Oct 15, 2015 06:51 am UTC| Commentary Central Banks

It still seemed clear in the RBAs last statement that it would not cut rates again todays labour market report for September questions this impression. The only reason why the loss of almost 14k full time positions did not...

US Fed's dove camp

Oct 15, 2015 06:49 am UTC| Commentary Central Banks

Over the past few weeks the majority of the 17 FOMC members finally seemed to have agreed that a rate hike would be necessary before year-end. That was also the general tenor of the last minutes. As a result of the...

FxWirePro: USD/KRW hits fresh multi-month lows post BoK, good to sell rallies

Oct 15, 2015 06:46 am UTC| Technicals Central Banks

The South Korean won and shares sharply rose on Thursday morning after the bank of Korea kept rates steady. BoK kept its policy rates steady at a record low of 1.50 percent early in the session, as widely...

Riksbank likely to move in a more hawkish direction next year

Oct 15, 2015 05:23 am UTC| Commentary Central Banks

The Riksbank is keeping the door to further easing wide open, and will continue to do so at least throughout the rest of this year. Riksbank is too optimistic both on inflation and on global developments, which is why...

Banxico's policy meetings likely after FOMC meetings

Oct 15, 2015 04:14 am UTC| Commentary Central Banks

Banxicos policy meetings have been aligned to come 1-2 days after the FOMC meetings. Banxico will not be far away from raising rates once the Fed starts hiking. We have four rate hikes in our forecast for 2016 - the...

BoK to remain neutral despite likely downward revision of GDP forecast

Oct 14, 2015 23:34 pm UTC| Commentary Central Banks

The Bank of Korea (BoK) is expected to hold its policy rate at 1.50% at its October MPC meeting. The BoK will maintain its recent neutral stance despite sustained concerns on the global economic outlook, and especially the...

Consequences of reinstating ECB’s waiver

Oct 14, 2015 12:07 pm UTC| Commentary Central Banks

An important decision for the ECB in the forthcoming months will concern the waiver on GGBs. At the September ECB press conference, ECB President Mario Draghi stated that such a decision cannot be made during the review...