Saudi Arabia unwilling to reduce oil production alone

Dec 03, 2015 10:39 am UTC| Commentary

There is rise in todays oil price as Saudi Arabia appears to put forward a new proposal to reduce OPEC production by 1 mn barrels per day in 2016. This could prove to be premature, as Saudi Arabia also wants in return...

Oil in Global Economy Series

Brent price slips to lowest level since 2008/09 economic crisis

Dec 03, 2015 10:34 am UTC| Commentary

The oil price is trading at around the lows during the 2008/09 economic crisis, in run-up to the OPEC meeting tomorrow, which should really increase the pressure on OPEC to respond. It would appear that most OPEC...

Poland's monetary policy to be impacted by the personnel changes in MPC next year

Dec 03, 2015 10:27 am UTC| Commentary Central Banks

Poland would see personnel changes in its Monetary Policy Committee next year. This might not automatically lead to cuts in the interest rates, but the risk of one rate prevails in February or March in 2016, which is...

Hike probabilities up, since Yellen’s speech last night

Dec 03, 2015 10:16 am UTC| Commentary

Market expectations have firmed since FED chair Janet Yellens speech last night, in which she indicated economic conditions may be ripe enough for a rate hike by US Federal Reserve. According to Ms. Yellen, US economy...

Fed's speed of future rate hikes to depend on price level

Dec 03, 2015 09:46 am UTC| Commentary Central Banks

Fed Chair Janet Yellen will express her view on the US economic outlook before the Joint Economic Committee of Congress. Analysts are expecting a careful decision from the Feda and very slow pace in further rate...

Poland Governor Belka confirms no need for rate cuts

Dec 03, 2015 09:34 am UTC| Commentary

Polands MPC decided to leave their benchmark rate at 1.5%, in line with consensus expectations by considering available data and forecasts, the current level of interest rates is conducive to keeping the economy on a...

Currency War Series

BoC should take the RBA’s "chill out" approach?

Dec 03, 2015 09:16 am UTC| Commentary Central Banks

Bank of Canada is likely in a position to sit back over Christmas, and follow RBA Stevens chill out notion. As it mentioned in its rate meeting, interest rate front doesnt need action, exports to US are better, there is no...