Minutes suggests FED worries on weak inflation
Jan 07, 2016 11:10 am UTC| Commentary Central Banks
Federal Open Market Committee (FOMC) hikes interest rates by 25 basis points for first time since 2006 in last policy meeting in December, but minutes from that meeting shows policy makers remain greatly concerned on...
China’s FX reserve shrank by record in December and in 2015
Jan 07, 2016 10:29 am UTC| Commentary Central Banks
China suffered biggest monthly drop in foreign exchange reserve in December, leading to largest annual drop ever. In December, Chinas FX reserve dropped by -$107.9 billion, bringing total annual shrinkage to $512.66...
South Africa's SARB is a robust anchor but may face more acute challenges
Jan 07, 2016 09:33 am UTC| Commentary Central Banks
The biggest hurdle in front of SARB is lower forex reserve which is just over USD40bn only and ZAR weakness. The weakening of the National Treasury leaves the SARB to lower its interest rates. In general Central...
Jan 07, 2016 09:27 am UTC| Commentary Central Banks
What is Peoples Bank of China (PBoC) trying to do and what is its fixing strategy? These question are puzzling analysts and global market participants the most. PBoC on Tuesday devalued Yuan by just 0.21%, when spot...
BoJ unlikely to expand QE further in 2016
Jan 07, 2016 06:48 am UTC| Commentary Central Banks
The Japanese yens safe-haven appeal is in high demand in start of 2016 after Chinas central bank devalued its currency again, creating even more uncertainty among investors. The USD/JPY cross was trading 0.43% lower at...
FOMC minutes: Not all members are as confident as Yellen despite the unanimous hike
Jan 06, 2016 23:19 pm UTC| Commentary Central Banks
The minutes of the 15-16 December FOMC meeting, where the Fed delivered its first hike since June 2006, were more dovish than the statement and Janet Yellens tone at the press conference. The minutes reveal that, although...
Stronger ADP strengthens case for further hikes from FED
Jan 06, 2016 13:30 pm UTC| Commentary Central Banks
Today ADP employment numbers were released from US for the month of December. ADP number shows US economy and its labour markets are quite robust, in spite of global economic slowdown. There are two things to note...
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