After manufacturing UK consumers dampen outlook
Oct 29, 2015 12:22 pm UTC| Insights & Views Central Banks
Weak growth in retail segment joined manufacturing weakness and noflation to cloud the outlook for Bank of England (BOE) rate hike. Last weekend however, even maintaining its rhetoric that next move in interest rates to...
FOMC keeps December hike still alive
Oct 29, 2015 11:13 am UTC| Insights & Views Central Banks
The U.S. Federal Reserve kept interest rates unchanged on Wednesday and explicitly referred to the next meeting when discussing the appropriate time horizon to raise rates. The direct reference puts a December rate hike...
RBNZ loses its aggressiveness, might prove detrimental
Oct 29, 2015 10:40 am UTC| Insights & Views Central Banks
Reserve bank of New Zealand (RBNZ) is clearly losing its aggressive mood, which it had shown so far. However, that may not do well for New Zealand economy as it can both use weak Kiwi and lower interest rates. Latest...
FED warns hike-skeptics through clearer message
Oct 29, 2015 09:54 am UTC| Insights & Views Central Banks
October FOMC statement can best be seen as FEDs take on punch to the skeptics and clearing the air of FEDs intention. Though the actual uncertainty prevailed over, when the FED will actually be able to hike for the first...
BoJ will need to take additional action sooner or later
Oct 29, 2015 09:03 am UTC| Commentary Central Banks
BoJ is next in line for an even more expansionary monetary policy. It might take action as soon as tomorrow, as Japanese growth was flat in Q3 after negative growth rates in Q2. Inflation is hovering around zero and not...
Oct 29, 2015 09:01 am UTC| Commentary Central Banks
The Fed clearly prepared the markets for a lift-off in December yesterday. Fed, which, up to yesterday, had not really communicated well in recent times. But that has changed. The Fed made only minor ad-justments to its...
Which central bank is the most expansionary?
Oct 29, 2015 08:57 am UTC| Commentary Central Banks
Who is the most expansionary of all the central banks? The ECB looks set to take additional measures in December. This week, its already done by the Riksbank while Norway had seen it in September. BoJ and RBA might also...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects