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...

Copom minutes to show BCB’s assessment of medium term inflation risk

Oct 26, 2015 06:09 am UTC| Commentary Central Banks

The BCBs decision to leave rate unchanged was widely expected, including by us. The bank added a sentence to its short statement (The Copom emphasizes that monetary policy will remain vigilant to achieve this goal) that...

ECB tilts the odds towards additional Riksbank easing by year-end

Oct 26, 2015 06:05 am UTC| Commentary Central Banks

ECBs policy meeting last week has important ramifications for future Riksbank policy. Given the expectations for a time-extension of ECB QE, followed by a likely deposit rate cut in 2016, now there is an increased...