RBI may achieve below 5 pct inflation target by 2017
Dec 04, 2015 10:03 am UTC| Commentary Central Banks
The Reserve Bank of India kept its repo rate unchanged at 6.75 in its fifth Bi-Monthly Monetary Policy review meting. Cash Reserve Ratio (CRR) was held unchanged at 4 percent and Marginal Standing Facility (MSF) rate and...
ECB’s another rate cut likely in March
Dec 04, 2015 10:00 am UTC| Commentary Central Banks
The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...
Key takeaways from ECB actions
Dec 04, 2015 09:50 am UTC| Commentary Central Banks
ECBs punitive actions yesterday, to just reduce rates by 10 basis points and six months extension baffled market participants and analysts (including us), all around globe, leading to massive short covering in Euro, which...
Russia's CBR to cut rates again to support the tumbling economy?
Dec 04, 2015 09:28 am UTC| Commentary Central Banks
Ruble came under increased pressure again over last week. USD-RUB, being at 68, previous highs of 2015 as in January, February and August are not far away, which is more than inconvenient for the central bank. CBR would...
Why the hawks reigned at ECB meeting?
Dec 04, 2015 09:02 am UTC| Commentary Central Banks
It is quite clear from European Central Banks (ECB) much smaller than expected stimulus yesterday, that hawks might have reigned the ECB meeting. Bundesbank president, Jens Weidmann is much known hawk, who had expressed...
ECB’s smaller actions wipe out billions of Dollars in bond market
Dec 04, 2015 07:54 am UTC| Commentary Central Banks
European Central Banks (ECB) smaller than expected monetary stimulus, wiped out billions of Dollars from bond market worldwide as investors rush for exits, from the most overcrowded trades of the year. After, last...
A glimpse on what extra Draghi’s monetary policy has delivered
Dec 04, 2015 07:00 am UTC| Commentary Central Banks
Draghi has delivered it finally to disappoint markets, contrary to past experience but as we feared given the high expectations. While the deposit rate was cut 10bp, asset purchases will not be accelerated.Although running...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects