RBNZ unlikely to restrict itself to a rate cut tonight
Dec 09, 2015 07:52 am UTC| Commentary Central Banks
Since the beginning of year, NZD has declined by more than 10% on a trade weighted basis, and the Reserve Bank of New Zealands inflation outlook is based on its notably weaker exchange rate. There are a few participants...
PBoC's one more RRR cut likely this month
Dec 09, 2015 07:05 am UTC| Commentary Central Banks
Chinas CPI inflation in November increased marginally and stood at 1.5% y/y against 1.3% in October. The PPI deflation, in contrast, remained steady in the negative territory with a growth rate of -5.9% year on year for...
PBoC fixes Yuan to four-year low
Dec 09, 2015 07:05 am UTC| Commentary Central Banks
Peoples bank of China (PBoC), which fixes the central value of Dollar/Yuan, fixed it to weakest level since 2011. Last month, International Monetary Fund (IMF) added Yuan or Renminbi to its Special Drawing Rights (SDR)...
BoK to stand pat in 7-day repo rate
Dec 09, 2015 06:19 am UTC| Commentary Central Banks
Bank of Korea is expected to keep its policy rate unchanged in the December meeting at 1.50% by the market consensus, which would be a unanimous decision. There were mixed signals from macroeconomic indicators and the...
Dec 09, 2015 05:34 am UTC| Commentary Central Banks
Bank of England Governor Mark Carney had stated back in July that the Monetary Policy Committees decision regrading the timing of adjustment of interest rates would come into relief during the turn of the year. This is yet...
Fed will move more slowly than normal in 2016
Dec 09, 2015 02:40 am UTC| Commentary Central Banks
Markets are expecting a strong retail sales report on Friday but after three months of zero growth one isnt quite sure if thats really strong or not. Even were the 0.3% (MoM, sa) rise in headline sales that markets expect...
RBI to cut final 25bp in February with inflation in 5-6% range; rains key
Dec 09, 2015 00:32 am UTC| Commentary Central Banks
RBI Governor Raghuram Rajan is expected to cut 25bp in February. Inflation should peak at 5.5-6% by January 2016 to meet the RBIs under-6% target. The RBI will be on a long pause thereafter. RBIs around 5% March 2017...
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