Central Bank of Iran official hints heavy fintech project underway
Dec 21, 2016 09:08 am UTC| Fintech
The Central Bank of Iran (CBI) has decided to launch a new fintech regulatory body, according to CBI official, as reported by Financial Tribune. CBI has been working on fintech regulations since last year. We are...
BoE’s McCafferty back being a hawk
Dec 20, 2016 12:50 pm UTC| Commentary Central Banks
In a speech in Dorset on Tuesday, Bank of England (BoE) policymaker Ian McCafferty, a renowned hawk, who has voted in favor a hike most number of times over the past four years, said that the probability of a hike as the...
Central Bank of Turkey keeps key interest rate on hold
Dec 20, 2016 12:43 pm UTC| Commentary Central Banks
The Monetary Policy Committee of the Central Bank of Turkey has decided to keep the key interest rate unchanged today. The Committee kept the Marginal Funding Rate at 8.5 percent and borrowing rate at 7.25 percent. The...
BOJ to sit tight and hold policy steady amid yen weakness
Dec 19, 2016 13:51 pm UTC| Commentary Central Banks
Bank of Japan (BOJ) will announce its monetary policy decisions tomorrow sometime in early Asian hours, probably around 3:00 GMT, followed by apress conference from governor Kuroda. Current monetary policy Early...
QE and inflation expectations likely to broaden term premium globally
Dec 19, 2016 11:16 am UTC| Commentary Economy Central Banks
As inflation expectations rise globally, the US Federal Reserve is expected to hike rates at a faster pace next year. Last week, FOMC forecasted 3 rate hikes, compared to just one each in previous two years. Then why the...
CNB to keep policy rate unchanged, likely to reiterate plan to exit EUR/CZK floor in mid-2017
Dec 19, 2016 08:00 am UTC| Central Banks Commentary Economy
The Czech National Bank (CNB) is expected to keep the policy rate unchanged at its monetary policy meeting scheduled to be held on December 22. Recent communications by the central bank suggest that it plans to exit its...
Bank of Mexico hikes key interest rate by 50bps to offset inflation risk
Dec 16, 2016 09:15 am UTC| Commentary Central Banks
The Bank of Mexico, yesterday, followed the Fed action and hiked its key interest rate. The Mexican central bank hiked its rate by a 50 basis points to 5.75 percent. Expectations were for the Banxico to raise rates by 25...
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