Indian government assures policy continuity with appointment of Urjit Patel to head RBI

Aug 22, 2016 04:06 am UTC| Commentary Economy Central Banks

Indias rock star central bank governor Raghuram Rajan surprised the market in June by announcing that he would prefer to return to academia and not seek another term as the chief of the Reserve Bank of India (RBI) that...

ECB may extend time limit of asset purchase program during September meeting

Aug 19, 2016 12:00 pm UTC| Commentary Central Banks

The European Central Bank is keeping a close watch on the possible effect of the Brexit vote, which according to the ECB has raised risks on the downside to the euro zone economy. The central bank is also worried about...

What does SNB have to infer about choppy range of EUR/CHF

Aug 19, 2016 11:45 am UTC| Central Banks Commentary

What do the SNBs ongoing interventions mean? They prove that the current EURCHF exchange rates are not equilibrium market rates. The pair has been oscillating between the range of 1.1199 on north and 1.0732 on...

Minutes show ECB cautiously optimistic at July meet, may announce fresh policy measures in September

Aug 19, 2016 10:52 am UTC| Insights & Views Central Banks Economy

The minutes from the ECB meeting July 20-21 showed the central bank was cautiously optimist and keen to contain stimulus hopes at meeting after Brexit vote. There was general agreement among the ECB Governing Council on...

FOMC members hint on rate hike deferral while Mexican Peso banks on Fed’s minutes to drag gains

Aug 18, 2016 12:03 pm UTC| Economy Central Banks

The FOMC would like to see more hard data which indicate that the US economy is really heading for a growth rate of 2% and that inflation is accelerating towards the 2% target as well. Yesterdays release of the FOMC...

FOMC members divided, minutes provide no hard clues about the timing of the next rate hike

Aug 18, 2016 11:34 am UTC| Insights & Views Economy Central Banks

US Federal Open Market Committee minutes released overnight highlight that officials are divided, with no clear indication of when the central bank will hike next. The minutes showed that members were generally upbeat...

FX Hedging Strategy Series

FxWirePro: No turbulence in Euro OTC amid ECB’s minutes that likely to continue "wait and see" approach on Brexit

Aug 18, 2016 07:30 am UTC| Central Banks Commentary

Last months ECB meeting was surprisingly muted, with most members of the Governing Council appearing to opt for a wait-and-see approach after the Brexit referendum. The minutes released today could nevertheless provide...