BoJ targets 2% inflation during 2016-17
Dec 18, 2015 09:33 am UTC| Commentary Central Banks
Bank of Japan was not expected to revise its current monetary policy stand at todays meeting. The central bank also opted to continue its existing QQE program. The Bank has made few changes in the stimulus package, the...
Central Bank of Turkey hikes its rate on FX Reserves and US Fed hike
Dec 18, 2015 09:17 am UTC| Commentary Central Banks
Central Bank of Turkey has made a rise in its interest rate on FX RRR as the US Fed made a hike this week, the annualised interest rate that CBT pays on Forex required reserves was increased to 0.49%. This is consistent...
JGB yield curve flattens as BOJ extends maturity
Dec 18, 2015 08:22 am UTC| Commentary Central Banks
As announced in todays monetary policy meeting, Bank of Japan (BOJ) will extend its JGB portfolio duration and that is having its intended effect in Japanese government bond (JGB) market. Yen has defied weakness over...
PBoC weakens Yuan fix by record ten days (again)
Dec 18, 2015 07:42 am UTC| Commentary Central Banks
Again for second time this year, Peoples Bank of China (PBoC) has fixed Yuan central parity weaker for 10 consecutive days, comprising depreciation of -1.49%, record for any such weakening. Last time was back in November,...
Fed policy normalization journey beginning
Dec 18, 2015 00:13 am UTC| Commentary Central Banks
The Feds decision to raise its target interest rate by 25 basis points in December was a function of both the strength in the labour market and the anticipation that inflation will slowly move back to target. However,...
Fed rate hike demonstrates investor's confidence in economy
Dec 17, 2015 15:40 pm UTC| Commentary Central Banks
The Federal Open Market Committee decided to raise interest rates by 25 basis points yesterday signaling the beginning of a gradual rate tightening policy. Markets across the world reacted positively to the news, U.S....
Dec 17, 2015 12:08 pm UTC| Commentary Central Banks
Bank of Japan (BOJ) will announce its monetary policy decisions tomorrow sometime in early Asian hours, sometime around 3:00 GMT. Speech by Governor Kuroda is expected to be scheduled at 5:00 GMT. Current monetary...
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