Disappointing data add pressure on the BOJ
Jan 29, 2016 02:54 am UTC| Commentary Economy Central Banks
The December2015 data out yesterday and today were disappointing. A biggerthan-expected decline was seen across industrial production (-1.4% MoM sa), household spending (-4.4% YoY) and retail sales (-0.2% MoM sa). Headline...
ECB likely to ease further in Q1 2016
Jan 28, 2016 22:36 pm UTC| Commentary Central Banks
The recent free fall of oil prices and global growth worries have put the ECB to act again in near future. Moreover in last December, Fed also hiked the interest rates and now market raised questions about the ECBs ability...
CBR meeting preview – rate cut could be postponed again
Jan 28, 2016 18:55 pm UTC| Commentary Central Banks
The CBR will meet on Friday 29 January. The key rate cut could once again be postponed because of the volatile RUB and corresponding inflationary risks. Since the beginning of January, the Russian currency has lost ~8%...
RBNZ relying on currency depreciation to support the economy
Jan 28, 2016 15:33 pm UTC| Commentary Central Banks
New Zealand central bank (RBNZ) left its key rate unchanged as expected at yesterdays policy meet. The central bank seemed notably more concerned about developments in China, on the global financial markets and above all...
FOMC keeps door open to a March hike, market reaction muted
Jan 28, 2016 15:02 pm UTC| Commentary Central Banks
FOMC formally kept the door open to a March hike but did not communicate anything explicitly at this meeting. It was notable that the Fed was no longer willing to describe the risks to the outlook as balanced. A lot can...
BoJ under pressure as retail sales continue to decline
Jan 28, 2016 09:42 am UTC| Commentary Central Banks Economy
Japans December retail sales dropped more than expected, suggesting slow economic growth in the fourth quarter due to sluggish household spending. While the markets expect further monetary easing from the BoJ, the downbeat...
PBoC strengthens Yuan for fifth consecutive day
Jan 28, 2016 09:20 am UTC| Commentary Central Banks
Peoples Bank of China (PBoC) strengthened Yuan for fifth consecutive day today via its fix, most probably in an attempt to keep it stable against Dollar and against basket of currencies. Yuans movement just few weeks back,...
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