BoE may follow Fed’s December rate hike
Nov 20, 2015 12:56 pm UTC| Commentary Central Banks
The BoE is expected to hike its bank rate around a year later the Fed. The money market curve in the U.K. is quite flat and a sharp steepness expected to see. UK headline inflation is expected to increase above 1% by Q2 16...
German hawk counters European doves (again)
Nov 20, 2015 12:21 pm UTC| Insights & Views Central Banks
German hawk (Bundesbank chief Jens Weidmann) today in his speech took on the European doves (ECB president Draghi executive board member Peter Paret) again discarding the fear over deflation. Mr. Draghi and Paret (both...
Euro grinds lower with stronger signal from Mario Draghi
Nov 20, 2015 08:54 am UTC| Insights & Views Central Banks
European Central Bank chief, Mario Draghi probably giving out the strongest signal possible to give by a central bank chief in an even other than monetary policy announcement. He is clearly signaling that ECB stands ready...
Depo-rate cut may not do much to address Bundesbank buying issues
Nov 20, 2015 08:41 am UTC| Insights & Views Central Banks
Deposit rate cut is almost a guarantee, when European Central Banks (ECB) governing council meet on December 3rd, to take further measures in monetary policies. Market is expecting a combination of moves, which is...
ECB’s October minutes: Examining all options for further action in December
Nov 19, 2015 21:28 pm UTC| Commentary Central Banks
The account of the monetary policy October meeting makes it clear that the Governing Council (GC) was dissatisfied about how monetary policy had so far not been able to deliver a noticeable impact on its final target, i.e....
ECB's deposit rate cut likely in December
Nov 19, 2015 06:04 am UTC| Commentary Central Banks
The ECB meeting in October was quite dovish, as a result, a sharp decline in the EUR/USD is observed. Particularly, the Governing Council re-inserted the likelihood of cutting the deposit rate into the ECBs toolbox. The...
FOMC minutes: Outdated due to the strong jobs report, December hike seems very likely
Nov 19, 2015 00:41 am UTC| Commentary Central Banks
The minutes of the 27-28 October FOMC meeting were more or less as expected and thus the market reaction was limited. Due to the very strong jobs report for October a December hike is more or less a done deal and thus the...
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
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight