RMB’s peg to USD will have to go probably sooner
Oct 26, 2015 06:52 am UTC| Commentary
The PBoC is getting better and better at seizing the right timing for monetary policy easing. This move is clearly responding to the still weak growth data released earlier. Modest inflationary pressures, as indicated by...
ECB's deposit rate cut likely in December
Oct 26, 2015 06:45 am UTC| Commentary Central Banks
President Draghis comments have supported current market expectations of a possible deposit rate cut in the coming months. The ECB-dated Eonia forward curve has further inverted after Mr Draghis comments and according...
Lower participation in Mexico suggests only a temporary improvement
Oct 26, 2015 06:17 am UTC| Commentary
Mexicos unemployment rate had an important decline reaching 4.23% sa in September from 4.32% sa previously, this drop is mainly explained by the reduction in seasonally adjusted terms of the participation rate by almost...
Low underlying inflation in Australia
Oct 26, 2015 06:15 am UTC| Commentary Central Banks
In Australia, the Q3 CPI is the main data release due before the RBA board meets on 3 November, with the RBA staff publishing updated economic forecasts in the Statement on Monetary Policy on 5 November. The CPI will...
Banxico to remain on hold until Q1 16
Oct 26, 2015 06:15 am UTC| Commentary
The Bank of Mexico kept its policy rate unchanged at 3.0% at its September board meeting. Meanwhile, forward guidance on the conduct of its monetary policy was also kept unchanged while noticing no changes to the balance...
RBNZ likely to pause in cutting rates
Oct 26, 2015 06:13 am UTC| Commentary Central Banks
The RBNZ has cut rates three times in a row and it is likely to take some time to gauge the impact of those earlier easings, particularly when average underlying inflation has broadly stabilized with one RBNZ measure...
ECB's policy accomodation likely to weigh on SNB
Oct 26, 2015 06:11 am UTC| Commentary Central Banks
More policy accommodation by the ECB in the coming months will likely add pressure to the SNB and increase market speculation regarding further policy measures. Indeed the SNB is likely to step up FX purchases should the...
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