ECB meeting: Dovish tone from ECB board members
Oct 29, 2015 20:33 pm UTC| Commentary Central Banks
After the press conference held by president Draghi, who has a good track record of being ahead of the market, ECB board members (Praet, Constancio, Coeuré) signalled significant dovishness, indicating that the ECB...
CBR rate decision preview: time to resume easing
Oct 29, 2015 15:22 pm UTC| Commentary Central Banks
This Friday (30 October 2015) at 11:30 CET Russias central bank (the CBR) will announce its monetary policy decision. Economists expect the key rate to be lowered by 50bp to 10.50%, while consensus is split between a 50bp...
“Don’t fight the Fed” expanded to all central banks
Oct 29, 2015 14:50 pm UTC| Commentary Central Banks
The Fed met expectations by not raising rates and setting off a global market rally. Tomorrow the Bank of Japan has its turns at additional monetary stimulus. The ECB already signaled intentions in December for more...
Brazil Copom minutes – It takes two to tango
Oct 29, 2015 14:45 pm UTC| Commentary Central Banks
The speed and magnitude of fiscal policy improvement are crucial to monetary policy. This is the BCBs main message in the meeting minutes after keeping the Selic rate steady last week, which should not come as a surprise...
Oct 29, 2015 14:12 pm UTC| Insights & Views Central Banks
Bank of Japan (BOJ) will announce its monetary policy decisions tomorrow sometime in early Asian hours. Speech by Governor Kuroda is expected to be scheduled at 6:30 GMT. Current monetary policy - BOJ is holding...
Inflation, retail sales and external/domestic demand prompt Banxico’s conducive policy statements
Oct 29, 2015 12:35 pm UTC| Insights & Views Central Banks
We look ahead for Banxico to focus on the benevolent macroeconomic environment (such as inflation outlook, job market, retail sales etc) in next weeks policy statement. Improving labor market conditions and lower...
CBR likely on hold as RUB weakens
Oct 29, 2015 12:31 pm UTC| Commentary Central Banks
It would be premature for the Bank of Russia (CBR) to cut at this time. Inflation in Russia remains elevated at 15.7% y/y in September and it is expected to stay at the same level in October. Weekly inflation has picked up...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects