BoC governor Poloz shows off unconventional policy tools, but they are staying on the shelf for now
Dec 08, 2015 21:54 pm UTC| Commentary Central Banks
Bank of Canada governor Stephen Poloz spoke in Toronto today. His speech covered the tools at the Bank of Canadas disposal for providing unconventional monetary policy, as well as the outlook for the Canadian economy in...
Dec 08, 2015 13:08 pm UTC| Commentary Central Banks
Currency crosses in Scandis are cushioned with the impetus from their respective central banks single mindedly targeting growth in Norway and inflation in Sweden. Growth will eliminate the output gap and core inflation...
China FX reserve tumbles over outflow and valuation
Dec 08, 2015 11:18 am UTC| Commentary Central Banks
Chinas FX reserve tumbled by $87 billion in November, despite positive current account of $54.1 billion, bringing back fears of outflow return, which massacred Chinas FX reserve in August, when FX reserve fell by record...
FED liftoff series – Why is it still crucial?
Dec 08, 2015 10:47 am UTC| Commentary Central Banks
The event the world has been awaiting, preparing and speculating for is finally approaching - meeting by US Federal Reserve, in which US interest rates will finally rise from their zero bound. After Fridays super job...
BoE rate hike - sooner or later?
Dec 08, 2015 09:30 am UTC| Commentary Central Banks
UKs growth is comparable to that of U.S., andinflation is similar to that of Euro zone. Positve economic momentum will be shown throughthe central bank ratessooner or later. BoE recently indicated that it will raise...
SNB’s deposit rate cut likely this week
Dec 08, 2015 09:11 am UTC| Commentary Central Banks
The modest rate cut by ECB last week raises pressure on the Swiss National Bank for a rate cut. The Swiss interest rates are below the EUR rates across the horizon, which support EUR/CHF to move above 1.10. Switzerland...
Higher Fed funds rate may raise arbitrage
Dec 08, 2015 05:12 am UTC| Commentary Central Banks
The U.S. Federal Reserve is holding more bonds; as a result, total USD reserves in the Fed funds system have increased to USD 2,500 billion, which is more than reserve requirement. The depository institutes, who have...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects