ECB minutes in search of strong signals regarding further stimulus

Oct 04, 2015 20:24 pm UTC| Commentary Central Banks

Amid a relatively light data calendar in Europe, the release of the ECBs September policy meeting minutes will attract market interest. The focus will be on potential options discussed by the GC to ease policy further....

Pace of Denmark's FX intervention slowed in September

Oct 02, 2015 16:01 pm UTC| Commentary Central Banks

Danmarks Nationalbank (DN) has just published Septembers FX reserve and central bank balance sheet. In September, the FX reserve declined to DKK 514bn from DKK 536bn in August. DKK 22bn of the decline was due to DN...

Euro area back in deflation,pressure on the ECB to do more

Oct 02, 2015 15:19 pm UTC| Commentary Central Banks

Euro area HICP inflation declined back into deflation territory in September and with 5Y5Y market-based inflation expectations trading below 1.6% for the first time since February, the pressure on the ECB to announce more...

What is the BoJ waiting for?

Oct 02, 2015 07:56 am UTC| Commentary Central Banks

Media reports spread rumours yesterday that the BoJ currently does not consider an extension of its expansionary monetary policy to be necessary. Instead it would prefer to wait a little longer to get a clearer idea of the...

Implications of MAS policy on SGD rates

Oct 02, 2015 02:10 am UTC| Commentary Central Banks

It is believed that re-centring would provide the best outcome for fixed income markets as markets price out uncertainty around further MAS easing. On the other hand, a move to a zero slope would be the worst outcome for...

ECB likely to expand asset purchases and add corporate bonds

Oct 01, 2015 03:41 am UTC| Commentary Central Banks

Euro area inflation returned to negative territory in September (-0.1% yoy). Following persistent weakness in energy prices, the headline inflation is expected to average 0.1% in 2015 and 1.0% in 2016 compared to our...

A monetary easing bias remains in place in New Zealand

Sep 30, 2015 23:27 pm UTC| Commentary Central Banks

The Reserve Bank of New Zealand (RBNZ) reduced the benchmark overnight cash rate by 25 basis points (bps) in September following two equivalent cuts in June and July, taking the key rate to 2.75%. Inflationary pressures...