ECB's challenges into December: two BoJ meetings, one US employment report
Oct 22, 2015 21:16 pm UTC| Commentary Central Banks
A combination of an increase in asset purchases and a deposit rate cut is seen as the most likely outcome of the December meeting. And from that perspective, expectations management is likely to be one of the key...
Currency wars or currency woes?
Sep 25, 2015 18:01 pm UTC| Commentary
On the back of Chinas devaluation of the CNY on August 11, there has been a revival in speculation as to whether the world faces another wave of currency wars. There is still an incentive for some central banks to favour a...
Emerging market crisis series – Japan a big victim
Sep 14, 2015 12:02 pm UTC| Insights & Views
Emerging market (EM) crisis and falling values of EM currencies have started taking toll on Japan and Bank of Japans (BOJ) monetary policy. Japans borrowing cost was already at historical low, when Bank of Japan (BOJ)...
Intensified currency war implies stronger effective Euro
Aug 28, 2015 04:48 am UTC| Commentary Central Banks
The ECBs outlook for higher inflation is threatened by a renewed trend higher in the effective EUR, which, when considering the 3M change, is at the highest rate in more than two years. The upward pressure on the EUR...
Financial markets force PBoC to ease
Aug 25, 2015 20:48 pm UTC| Commentary Central Banks
Peoples Bank of China (PBoC) today cut its leading interest rate by 25bp and the reserve requirement ratio (RRR) for commercial banks by 50bp. This was the fifth interest rate cut since November last year. The one-year...
China stuns markets, but Fed focused on U.S. fundamentals
Aug 16, 2015 07:01 am UTC| Commentary Economy
After holding the Renminbi-USD exchange rate relatively steady for the past few years, China announced on Tuesday that it had lowered the midpoint of the daily trading range (fix) of the RMB relative to the USD by 1.9%....
PBOC not in favor of significant devaluation of CNY
Aug 14, 2015 05:10 am UTC| Commentary
Chinas move to adjust the mechanism for determining the USDCNY fixing sent shockwaves through EM rates and FX markets. The large movements in EM FX markets have fuelled speculation of weaker growth outcomes in China, a...
Putin’s Russia: first arrests under new anti-LGBT laws mark new era of repression
Canada needs a national strategy for homeless refugee claimants