Bank Indonesia likely to accumulate reserves if persistent pressure remains on rupiah to appreciate further

Mar 17, 2016 07:54 am UTC| Commentary Central Banks

Bank Indonesia is expected to discuss the rupiah during its policy meeting today. The rupiah has boosted with the help of a turn in market sentiment since the start of 2016. Furthermore, the central bank had used the...

Fed Hike Aftermath Series

FED hike aftermath series: FOMC projections show recent inflation stirrings not enough

Mar 17, 2016 06:54 am UTC| Commentary Central Banks

When FED vice chair commented weeks back that early stirrings of inflation visible and he is now more confident that inflation will be approaching FEDs 2% medium term goal, market participants might have thought FED to be...

SNB policy action today: fireworks unlikely

Mar 17, 2016 06:26 am UTC| Commentary Central Banks

Swiss National Bank will announce its monetary policy decisions at 8:30 GMT today. Economic conditions Switzerland GDP is around $ 701 billion however growth rate has sharply slowed down. As of latest quarterly...

BoE’s MPC likely to vote unanimously to keep policy unchanged

Mar 16, 2016 12:32 pm UTC| Commentary Central Banks

BoEs recent Inflation Report meeting had given the key opportunity every quarter to update its macro forecasts and also its policy message. This was a very dovish message. The projections are conditioned on the market OIS...

Central Bank of Chile likely to keep rates unchanged on deteriorating growth outlook

Mar 16, 2016 12:07 pm UTC| Commentary Central Banks

Chiles central bank, in recent months, had adopted a wait-and-see strategy after its hawkish moves in Q4 2015. However, the recent statements by BCCh have been dovish, reflecting deteriorating domestic and global growth...

Poland revises inflation rate for January and February, NBP to eventually cut rates in 2016

Mar 16, 2016 10:45 am UTC| Commentary Central Banks

Polands Stat Office has published new inflation data for the first two months of 2016 as it revised its weights for the CPI basket. Using the new weights, Januarys inflation data was downwardly revised to -0.9% from -0.7%....

Utilities to benefit biggest from ECB corporate bond purchase

Mar 16, 2016 10:23 am UTC| Commentary Central Banks

Last week, European Central Bank (ECB) president Mario Draghi delivered a comprehensive easing package, which includes buying of corporate bonds. Our analysis of the eligible QE universe showed, while it would be...