Israel keeps its base rate unchanged

Aug 31, 2015 08:57 am UTC| Commentary

Israel kept its 0.10% base rate on hold this week, as expected. The central bank is under pressure to loosen monetary policy conditions with inflation low at -0.3% y/y and recent growth indictors very negative. The main...

Asian losses drag USD lower

Aug 31, 2015 08:41 am UTC| Commentary

Although gains on sterling were capped due to the UK summer bank holiday, the GBP/USD remains higher as risk aversion coming from falling Asian equities is likely to spill into the US session and drag the dollar lower....

NBP to keep policy rate on hold next week

Aug 31, 2015 08:03 am UTC| Commentary

Polands Q2 real GDP growth was approximately flat at 3.6% y/y (SA). Whereas, inflation remains in negative territory at -0.8% y/y in July, leaving effective real interest rates very high. Declines in global commodity...

U.K. economy strong momentum continues

Aug 31, 2015 07:46 am UTC| Commentary

The suite of PMIs should indicate that the momentum of U.K. economic activity remains strong but with differing performance by sector. Of the three sectors, manufacturing looks the most vulnerable to changes in global...

USD-CNY to be range-traded in near term

Aug 31, 2015 07:27 am UTC| Commentary

PBoC set USD-CNY fixing at 6.3893 this morning, compared with previous closing rate of 6.3885. USD-CNY trended downward this morning following unwinding activities in USD long positions in both onshore and offshore...

BCB close to end its tightening cycle

Aug 31, 2015 07:24 am UTC| Commentary Central Banks

The key addition to the Banco Central do Brasils(BCB) usual short post-Copom statement at the July meeting was - The Committee understands that the maintenance of this basic interest rate level, for a sufficiently long...

U.K. monetary developments supporting activity

Aug 31, 2015 07:23 am UTC| Commentary

The broad money aggregate of U.K. has been growing at around 4% yoy, which with inflation close to zero is highly supportive of e conomic activity. That trend should continue in this months data. As regards the household...