BoE data depended rather than Fed-dependent
Dec 10, 2015 18:39 pm UTC| Commentary Central Banks
As expected the MPC members again voted 8-1 for keeping the rates unchanged and unanimously to maintain the stock of purchased assets at the 9 December MPC meeting. This was the fifth time in row that the MPC member Ian...
CBR to keep rate on hold following disappointing inflation
Dec 10, 2015 18:34 pm UTC| Commentary Central Banks
Russian macroeconomic conditions have soured again just as the Bank of Russia (CBR) approaches a rate decision on Friday 11 December. It is a familiar sequence of events. Global oil prices have declined to new lows,...
RBNZ monetary policy – assessing the bias
Dec 10, 2015 12:08 pm UTC| Commentary Central Banks
Reserve bank of New Zealand (RBNZ) has reduced policy rates today by 25 basis points and brought the overnight cash rate (OCR) to 2.5%. New Zealand Dollar, moved up despite policy reduction as market is expecting a big...
Markets agree on Fed hike next week, labor market key to understand tightening bias
Dec 10, 2015 11:32 am UTC| Commentary Central Banks
FOMC meets next week, and it is now more than certain that the Fed will rates from near zero, with probabilities around 85%, which is as close as the market can price it ahead of the meeting. Attention now is moving away...
Dec 10, 2015 11:09 am UTC| Commentary Central Banks
Bank of England (BOE) is scheduled to announce its monetary policy at 12:00 GMT, will release minutes of meeting along with. Pound is heading higher ahead of monetary policy announcement and is best performing major...
RBA to stay put in H1 2016, as inflation expectations soar
Dec 10, 2015 10:54 am UTC| Commentary Central Banks
To add to the headache of Reserve Bank of Australias (RBA) policymakers, who are trying to tame slowdown using loose monetary policy at one hand, facing real estate price hike and deteriorating terms of trade at the other,...
BoK's fiscal policy likely to remain proactive next year
Dec 10, 2015 10:39 am UTC| Commentary Central Banks
BoK left its key policy rate steady at 1.5% today, consistent with the expectations. Korean government grew at 2.7% yoy in third quarter, rising from 2.2% in Q2. The economy accelerated to 1.3%qoq in Q3, against 0.3%...
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