USD/CNY likely to weaken towards 7.10 by end-2017, says ANZ Research

Mar 16, 2017 11:17 am UTC| Commentary Economy

The Chinese yuan is expected to weaken mildly against the greenback, touching almost a level of 7.10 by the end of this year. Despite various administrative measures to reduce capital outflow pressures, the tendency...

BOE monetary policy preview

Mar 16, 2017 10:34 am UTC| Commentary Central Banks

The pound has increased sharply yesterday after the US Federal Reserve chose not to upgrade its monetary policy outlook for 2017 and the year next. However, the currency has been struggling to gain above 1.27 resistance...

SNB monetary policy: Assessing future bias

Mar 16, 2017 09:51 am UTC| Commentary Central Banks

The Swiss National Bank (SNB) in its monetary policy meeting today decided to maintain its current expansionary monetary policy, which basically means Interest on sight deposits at the SNB will remain at 0.75% and...

Political uncertainty likely to hold back economic activity in Korea until new President comes in place, says Fitch Ratings

Mar 16, 2017 09:51 am UTC| Commentary Economy

Political uncertainty is likely to hold back economic activity until a new president is elected. Uncertainty will delay investment and weigh on consumer confidence. In December 2016, consumer confidence fell to levels not...

PBoC likely to hike another 20bps by end-2017, says ANZ Research

Mar 16, 2017 08:57 am UTC| Commentary Central Banks Economy

The Peoples Bank of China (PBoC) is expected to raise its interest rate further by around 20 basis points by the end of this year leading the 7-day reverse repo rate to 2.65 percent, assuming that the United States Federal...

BOJ monetary policy: Assessing future bias

Mar 16, 2017 08:50 am UTC| Commentary Economy Central Banks

At todays meeting, policymakers at the Bank of Japan (BoJ) kept the policy unchanged, and the benchmark interest rate at -0.1 percent. Lets look at the current monetary policies, Bank of Japan had already shifted...

Central Banking Series

FOMC monetary policy March 2017: Assessing future bias

Mar 16, 2017 08:03 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC increased federal funds rate by 25 basis points yesterday. There were only minor changes in FOMC projections compared to the December material. The forecast for long-term unemployment...