Russian banking system, resilient but fragile

Jul 14, 2015 05:07 am UTC| Commentary Central Banks

The Russian central bank has withdrawn banking licenses for 30 establishments since the beginning of the year for financial reasons or wrongdoing. Yet the scenario of a liquidity crisis shows no signs of materialising, and...

USD: Yellen set to confirm data dependency

Jul 12, 2015 20:39 pm UTC| Commentary Central Banks

This weeks economic data should confirm the cyclical out-performance of the US economy. Constructive US data, together with the renewed weakness in commodity prices and continued nervousness around China and Greece...

Greece remains the focus in the week ahead

Jul 12, 2015 18:46 pm UTC| Insights & Views Central Banks

The outcome of the weekends political meetings regarding Greeces latest proposal to creditors will be an important driver of the EUR in the first part of this week. The EURs reaction is likely to be asymmetric - a...

ECB stands ready to act with all instruments available within its mandate

Jul 10, 2015 16:09 pm UTC| Commentary Central Banks

Should a Greek exit result in sizeable dislocations in euro area financial markets, the ECB could argue that there has been an unwarranted tightening in the monetary policy stance which motivates further policy...

ECB preview: ECB ready to act if needed

Jul 10, 2015 15:18 pm UTC| Commentary Central Banks

Questions regarding the state of Greek banks and what happens if Greece misses payments to the ECB (3.5bn is due on 20 July) are likely to be the main topic in the press conference. While key decisions are set to come...

Yellen’s speech today likely to decide dollar’s move ahead

Jul 10, 2015 13:19 pm UTC| Insights & Views Central Banks

US FED chair Janet Yellen is scheduled to speak today at 16:00 GMT and the topic US Economic Outlook is just in line with, what might give her the opportunity to explain how she is assessing the progress ahead. US...

Fed FOMC meeting focuses on risks to growth

Jul 10, 2015 09:21 am UTC| Commentary Central Banks

According to the minutes of the last FOMC meeting on 16/17 June which have just been published, at that time the participants regarded the risks to growth as largely balanced. However, they warned that any assessment of...