Chinese Reminbi regime change, US fiscal standoff

Sep 29, 2015 03:42 am UTC| Commentary Central Banks

There are two specific political/policy uncertainties which could serve as another deterrent for the Fed, even if the data evolves as expected. In China, the uncertainty around the RMB is an important risk factor. PBoC is...

China's growth outlook likely supports Fed 's December lift-off

Sep 29, 2015 03:28 am UTC| Commentary Central Banks

When the reliability of Chinese indicators is qustioned to Fed, a 2013 Economic Letter from the San Francisco Fed1 compared the official GDP data with several alternative indicators constructed from high-frequency data...

Reserve bank of India to cut policy rate by 25bp

Sep 28, 2015 21:24 pm UTC| Commentary Central Banks

With the US Fed deciding to remain on hold, the Reserve Bank of India (RBI) now has a window of opportunity to ease its policy rate a final time in 2015 before likely opting for a pause. A cut was expected at the December...

The 60 billion EUR question: can the ECB repeat the trick?

Sep 28, 2015 17:46 pm UTC| Commentary Central Banks

It is becoming clearer to markets the ECB is about to embark on another round of QE. So why is the EUR not a lot lower in anticipation of further QE? What has been seen historically is that the anticipation of QE drives...

Slower job growth not an obstacle for the Fed

Sep 28, 2015 16:50 pm UTC| Commentary Central Banks

Job growth has been running at an impressive pace since early last year, pushing the unemployment rate from 6.6% to 5.1% - very close to the assumed level of NAIRU (around 5.0%). The rapid job growth has been helped along...

FED’s Dudley rejects criticism over forward guidance reiterates 2015 rate hike

Sep 28, 2015 15:06 pm UTC| Insights & Views Central Banks

William C Dudley, President at New York Federal Reserve, has rejected the criticism that FED is creating more confusion over its rate hike communication. Expectations of rate hike from FED was initially focused on June,...

RBI monetary policy preview

Sep 28, 2015 12:54 pm UTC| Insights & Views Central Banks

Reserve Bank of India (RBI) is expected to announce monetary policy decisions at 5:30 GMT tomorrow, which will follow speech from Governor Raghuram Rajan. After three rate cuts so far this year, market is expecting...