Janet Yellen’s Jackson Hole speech preview
Aug 26, 2016 11:11 am UTC| Commentary Central Banks
Federal Reserve Chair Janet Yellen is scheduled to begin her speech in Jackson Hole economic symposium organized by Kansas City Federal Reserve, today at 14:00 GMT and the subject is Federal Reserves monetary policy...
National Bank of Poland likely to cut rates by 2016-end
Aug 26, 2016 09:16 am UTC| Commentary Central Banks
The National Bank of Polands Monetary Policy Committees latest minutes surprisingly indicated that many MPC members are ready to consider lowering interest rate. This is unexpected as individual interviews in recent months...
FxWirePro: Derivatives strategy for EURIBOR as ECB continue to be dovish until Christmas
Aug 25, 2016 13:34 pm UTC| Central Banks
Long-term hedge against higher rates: As the EUR long rates have moved lower and the yield curve has flattened, there is increasing interest in long-term hedges against a scenario of rates eventually moving higher. EUR...
Negative interest rate policy arouse doubts over impact on capital markets, IMF defends ECB’s policy
Aug 25, 2016 11:54 am UTC| Commentary Central Banks
The negative interest rate policy has aroused doubts over the potential impact on capital markets; the debate about whether a negative interest rate policy (NIRP) helps or hinders the transmission mechanism of monetary...
Briferendum Aftermath Series: BoE’s long-dated gilt purchases likely to face troubles ahead
Aug 24, 2016 11:27 am UTC| Commentary Central Banks
The Bank of Englands (BoE) newly introduced quantitative easing unlikely to be a smooth one, especially the purchases of long-dated gilts. The central bank is purchasing 1.17 billion worth of short-dated securities on...
PBoC likely to stay neutral for an extended period to avoid potential financial bubbles
Aug 24, 2016 11:21 am UTC| Central Banks
The Peoples Bank of China is expected to stay neutral for an extended period of time, in order to avoid potential property and financial bubbles. The corridor of 7-day repo rate is targeted to centre around 2.25 percent...
Fed Hike Aftermath Series: 2-year auction speaks a lot on rate hike expectations
Aug 24, 2016 07:39 am UTC| Commentary Central Banks
The 2-year treasury auctions yesterday say a lot about market expectations of a hike and also on the Jackson Hole symposium, where Ms. Yellen is expected to speak. The symposium will begin on Thursday in the mountain...