Bank Indonesia likely to keep interest rate steady, monitor rupiah in 2017
Jan 16, 2017 06:36 am UTC| Central Banks Commentary Economy
The Bank Indonesia (BI) is expected to hold its first monetary policy meeting on Thursday, January 19. It is widely expected to keep its benchmark interest rate unchanged at 4.75 percent for foreseeable future as the...
PBoC likely to raise interbank yuan funding costs in offshore market, says Scotiabank
Jan 16, 2017 06:25 am UTC| Commentary Central Banks
The Peoples Bank of China has reportedly ordered certain commercial banks to balance their monthly outbound RMB payments and inbound RMB receipts, noted Scotiabank in a research report. Offshore yuan funding costs are...
ECB minutes show strong consensus in favour of QE, growing confidence in the blocs recovery
Jan 13, 2017 15:46 pm UTC| Commentary Central Banks Economy
ECB minutes of the December meeting were largely hawkish, but some discord was seen over QE. Some ECB members were against any extension of the institutions mass bond-buying programme as inflation picked up in the euro...
ECB President Mario Draghi calls for caution on LSE, Deutsche Boerse merger
Jan 12, 2017 14:48 pm UTC| Commentary
Deutsche Boerse and London Stock Exchange Group (LSE) have been working to overcome regulatory hurdles holding up their $28 billion merger. The European Central Bank President Mario Draghi in a letter to a member of the...
BoE to look through inflation rise, could react if slowdown proves more modest than expected
Jan 10, 2017 11:30 am UTC| Insights & Views Economy Central Banks
Incoming economic data in UK do not support the view of an uncertainty driven slowdown in the aftermath of the EU referendum. UK economy expanded at 0.6 percent q/q in Q3 2016, the first full post-referendum quarter. The...
Banxico intervenes for second consecutive session to bolster exchange rate from record lows
Jan 06, 2017 16:05 pm UTC| Commentary Central Banks Economy
The Mexican peso tumbled to the lowest level since its re-denomination in 1993 amid concern over U.S. trade policy. MXN had eased notably against USD, but the currency climbed as much as 1.5 percent after Banxico confirmed...
Banxico quivers before Trump tweets
Jan 06, 2017 08:05 am UTC| Commentary Central Banks
2016 was a pretty volatile year for the Mexican peso. In 2016, the currency depreciated by more than 15 percent and the decline against the dollar accelerated after Donald Trump got elected as the next President of the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight