Banxico likely to deliver two more rate hikes in near future
Dec 21, 2015 05:23 am UTC| Commentary Central Banks
Last week, the central bank of Mexico its bank rate by 25bps in order to protect the MXN. The country is suffering from a lower inflationary pressure as it reached to a historical low, therefore, the Banxico is expected to...
USD/JPY likely to continue to trade in the recent 123 range going into 2016
Dec 21, 2015 03:59 am UTC| Commentary Central Banks
Bank of Japan intended to suppliment its QQE programme qualitatively without any quantitative easing further in previous week. Governor Kuroda described the decision as supplementary adjustment despite additional easing,...
EMEA: Monetary policy decisions in Turkey and Israel
Dec 21, 2015 00:55 am UTC| Commentary Central Banks
In Turkey, the CBT recently communicated its intention to implement the simplification of interest rate policy following the Fed rate hike in December. In line with this strategy the CBT raised remuneration on FX required...
Banxico to deliver two more pre-emptive hikes
Dec 21, 2015 00:23 am UTC| Commentary Central Banks
Last week Banxico increased the Fondeo rate 25bp as a pre-emptive hike to protect the MXN. With inflation running at historical lows and no demand pressures on sight, Banxico is expected to deliver two more pre-emptive...
SEK, NOK: Regional divergence intact for 2016
Dec 20, 2015 22:33 pm UTC| Commentary Central Banks
Both the Riksbank and Norges Bank left policy unchanged last week. In the near term, EURNOK is expected to trade hand-in-hand with oil prices but think a correction lower is more likely than a break higher into year-end as...
Fed did its deed, now watch out inflation
Dec 20, 2015 21:50 pm UTC| Commentary Central Banks
The USD is expected to continue to be supported versus G3, while it could underperform relative to emerging market currencies. With the uncertainty regarding the first hike of the Fed behind us, risk premia should decrease...
BoJ surprise and focus for the year-end
Dec 20, 2015 21:19 pm UTC| Commentary Central Banks
The Bank of Japan (BoJ) decided on surprise measures to qualitatively supplement its QQE without further quantitative easing last week. Governor Kuroda at the post-meeting press conference described the decision as a...
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