RBI to cut repo rate in September
Sep 04, 2015 03:04 am UTC| Commentary Central Banks
The recent drop in Indias CPI inflation should help to assuage inflationary concerns at the central bank. In its latest monetary policy statement in early August, the Reserve Bank of India (RBI) noted that risks to...
BoJ to expand asset purchases this month?
Sep 03, 2015 22:01 pm UTC| Commentary Central Banks
Risk aversion buoyed the cheap JPY (REER) over the past month thanks to Japans current account surplus, but concerns that Chinas slowdown may delay the return of inflation to 2% may prompt the BoJ to expand its QQE...

China FX reserves of $3.65trln to support Chinese Yuan
Sep 03, 2015 20:28 pm UTC| Commentary Central Banks
The August Caixin mfg PMI fell to 47.3 the lowest since March 2009, stoking fresh investor fears of a hard economic landing. The 40% drop in the Shanghai composite since June has sparked a global market malaise. The PBoC...

Central bank of Russia on alert to counter market instability
Sep 03, 2015 20:18 pm UTC| Commentary Central Banks
Global risk aversion and the fall in oil prices have pushed the RUB below 70 per USD. The possibility of a rate hike by the CBR is not ruled out and this has prompted to initiate a 1y cross-currency payer trade at 13.05%...

How much of the war chest has the PBoC depleted?
Sep 03, 2015 17:17 pm UTC| Commentary Central Banks
The PBoC appeared to be heavily active in the spot market after the currency regime change on 11 August in order to stabilize the CNY. Onshore CNY trading volume almost doubled in the 15 trading days following 11 August,...

Key extracts from ECB press conference
Sep 03, 2015 13:42 pm UTC| Insights & Views Central Banks
European Central bank chose to keep policy unchanged, however pushed Euro down with its outlook and views. Euro is down from 1.123 against Dollar, before press conference to 1.115 as of now. Key highlights Weaker...

PBoC to rise gold reserves, rise in gold imports likely
Sep 03, 2015 12:28 pm UTC| Insights & Views Central Banks
Mounting real income and associated jewellery consumption is the main driving force of Chinese demand. Greater investment demand, as China continues to develop its gold investment markets, is a further source of support....