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...

Fed remains cautious as ever, as they plan for future rate hikes

Jul 09, 2015 16:14 pm UTC| Commentary Central Banks

The minutes of the Federal Open Market Committee June 16-17th meeting were released Wednesday, in theory, giving some insight into the Feds thinking behind when they would begin normalizing policy. The Fed continued to...

Bank of Korea holds bank rates at 1.5%

Jul 09, 2015 07:31 am UTC| Commentary Central Banks

BoK kept bank rates unchage at 1.5% as expected this morning. This follows a 25bps cut in June in a pre-emptive move to guard against the economic fallout from Middle East Respiratory Syndrome (MERS). Commerzbank says,...

ECB awaits political developments before adjusting ELA

Jul 09, 2015 06:37 am UTC| Commentary Central Banks

The timely response by the Greek government in submitting a three-year ESM loan request yesterday contrasted with the gridlock over the past week and suggests we may finally be moving in the right direction before Sundays...

Poland's future monetary policy depends on fiscal decisions

Jul 09, 2015 04:29 am UTC| Commentary Economy Central Banks

Polands current monetary policy has no risks of change in near term.The PLN might be impacted by the potential risk connected to Grexit. However, the central bank and Ministry of Finance would likely intervene on the FX...