Additional measures needed for Riksbank to tackle low inflation
Feb 12, 2016 05:39 am UTC| Commentary Central Banks
The Riksbanks decision to lower its repo rate further below zero suggested that the central bank is ready to keep aside its concerns regarding strong domestic demand and a housing market bubble in a bid to tackle very low...
Massive Swedish surprise courtesy Riksbank
Feb 11, 2016 10:15 am UTC| Commentary Central Banks
Riksbanktook market participants by surprise with larger than expected rate cut. Market was expecting it would cut interest rates further into the negative from current -0.35% but not more than -0.45%. Now Riksbankdid a...
Norges Bank likely to cut rates in March
Feb 11, 2016 06:49 am UTC| Commentary Central Banks
The Norges Bank board, during its MPC-meeting in December, had hinted that they were mostly likely to lower rates in March rather than keep them unchanged. The Norges Bank was earlier expected to keep rates on hold in...
Bangko Sentral ng Pilipinas likely to raise policy rate in 2H16
Feb 11, 2016 03:03 am UTC| Commentary Central Banks
The Bangko Sentral ng Pilipinas (BSP) is not in a rush to tweak its monetary policy, especially with the imminent implementation of the new rate corridor. There has been some chatter about the BSP introducing new...
Upside risks for additional tightening from BCB
Feb 10, 2016 15:57 pm UTC| Commentary Central Banks
Brazil inflation is highly unlikely to converge on BCB target in 2017 unless we see sharp BRL appreciation, which appears highly unlikely. January inflation data came in at 10.71% y/y as against Decembers 10.67% y/y, above...
Banxico unlikely to respond with immediate policy change over the coming months
Feb 10, 2016 15:07 pm UTC| Commentary Central Banks
Data released on Tuesday showed that Mexicos CPI print for January came in at 2.61% y/y, slightly above expectations of 2.52%. The peso however was unable to benefit from the data and continued to trade at record lows...
ECB, BoJ likely to weaken currency further
Feb 10, 2016 10:23 am UTC| Commentary Central Banks
Investors are driven towards safe haven assets as stock markets continue to slump, with oil price hovering towards its lows. The EUR and the JPY are seen benefiting amid global growth turbulence.EUR/USD touched a three...
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