Czech national bank keeps alive possibility of another FX cap
Apr 18, 2017 15:56 pm UTC| Commentary Central Banks Economy
The Czech central bank (CNB) ditched its cap on the crowns exchange rate at a non-rate setting meeting on 6th April, letting the currency free after three years. The currency cap which was in place since 2013 was the...
RBA minutes unexpectedly dovish, central bank set to continue balancing act on rates
Apr 18, 2017 14:20 pm UTC| Commentary Central Banks Economy
The minutes of the Reserve Bank of Australias (RBA) April meeting released earlier today showed members discussed increased risks in the property market as well as employment figures that continue to disappoint. The RBA...
Reshaping NAFTA could be good for Mexico's economy (and Brazil's and Argentina's, too)
Apr 18, 2017 13:39 pm UTC| Insights & Views Economy
Among other threats targeting Mexico during his election campaign, US President Donald Trump harshly criticised the North American Free Trade Agreement (NAFTA), a 23-year-old tripartite deal that removed tariffs and...
Thatcher, Reagan and Robin Hood: a history of modern wealth inequality
Apr 18, 2017 12:48 pm UTC| Insights & Views Economy
Persistently high rates of income or wealth inequality are bad for social cohesion, political inclusion and crime. The evidence for this is overwhelming. Often, stubbornly high income inequality partly reflects deep...
U.S. Treasuries jump on rising safe-haven demand as ongoing geopolitical tensions continue to hover
Apr 18, 2017 11:55 am UTC| Commentary Economy
The U.S. Treasuries jumped Tuesday following arise in demand for safe-haven assets as geopolitical tensions continue to weigh on investors risk sentiments. Also, it seems market participants have concluded that, in the...
UK gilts jump post Prime Minister May’s speech, expectations of a fall in March retail sales
Apr 18, 2017 10:24 am UTC| Commentary Economy
The UK gilts jumped after the countrys Prime Minister Theresa May delivered her speech in Westminster today, calling for an early election on June 8, saying the government had the right plan for negotiating the terms of...
US under Trump Series: Key comments from Steven Mnuchin interview with FT
Apr 18, 2017 09:47 am UTC| Commentary Economy
Anyone hoping for fast tax reforms in the United States can shelve their hopes for future as the treasury secretary Steven Mnuchin called the current August deadline as highly aggressive to non-realistic at this point,...