RBNZ to remain on hold; Governor Stevens to speak on Tuesday

Apr 26, 2015 14:25 pm UTC| Commentary

The RBNZ announces its decision on interest rates on 30 April.According to Barclays Research, it expects to it to keep the cash rate on hold at 3.5% and retain a neutral bias, where the last Monetary Policy Statement...

Focus on inflation as Greece goes to the sidelines, for now

Apr 26, 2015 14:17 pm UTC| Commentary

Despite the lack of material progress between Greece and its European creditors, the EUR has been rather resilient.Yet, market sentiment towards Greece remains fragile and we continueto expect the EUR to exhibit a high...

Downward pressure could mount on SEK if Riksbank eases policy (Wed)

Apr 24, 2015 18:42 pm UTC| Commentary

Barclays says - "We expect the Riksbank to ease policy on Wednesday, cutting its repo rate by 15bp to -0.4% and increasing the size of its government bond purchases by SEK40-50bn."Given current market pricing of around a...

Brazil's COPOM likely to raise Selic rate by another 50bp

Apr 24, 2015 18:21 pm UTC| Commentary

Data to the middle of the month show that Brazil inflation has continued to climb. At the same time, the minutes from last months COPOM meeting, in which the Selic was hiked by 50bp, gave no hint that policymakers are...

Central Bank of Russia looks set to cut interest rates further

Apr 24, 2015 18:04 pm UTC| Commentary

The Central Bank of Russia (CBR) looks set to cut interest rates further (Wednesday). The ruble has rallied over the past month and there are signs that inflation is now close to peaking."We have pencilled in a 100bp cut...

RBNZ under little pressure to cut interest rates at its policy meet this Thursday

Apr 24, 2015 17:56 pm UTC| Commentary

The decent near-term outlook for GDP growth and the robust housing market mean there is little pressure on the Reserve Bank of New Zealand to cut interest rates at its policy meeting this Thursday."We expect that rates...

Bank of Japan likely to announce more stimulus at Thursday’s meeting

Apr 24, 2015 17:48 pm UTC| Commentary

The Bank of Japan will announce more stimulus at Thursdays meeting. While Governor Kuroda provided no indications that additional easing was imminent at the meeting earlier this month, he has a record of springing...