Central Banking Series

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

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...

Central Banking Series

Bank Indonesia keeps policy rate unchanged, likely to deliver rate cut in 2017

Dec 16, 2016 09:06 am UTC| Central Banks Commentary

Bank Indonesia (BI), led by Governor Agus Martowardojo kept is policy rate unchanged at the monetary policy meeting held Thursday, while leaving room for a rate cut in the upcoming new year. BI left the benchmark...

Central Banking Series

Eurozone QE creates breathing space – here's what governments must do now

Dec 16, 2016 02:44 am UTC| Insights & Views Central Banks

The European Central Banks announcement of a potentially indefinite, albeit tapered, extension of its quantitative easing (QE) programme appears very different to what is happening elsewhere. The US halted its programme...