ECB's policy accomodation likely to weigh on SNB

Oct 26, 2015 06:11 am UTC| Commentary Central Banks

More policy accommodation by the ECB in the coming months will likely add pressure to the SNB and increase market speculation regarding further policy measures. Indeed the SNB is likely to step up FX purchases should the...

Copom minutes to show BCB’s assessment of medium term inflation risk

Oct 26, 2015 06:09 am UTC| Commentary Central Banks

The BCBs decision to leave rate unchanged was widely expected, including by us. The bank added a sentence to its short statement (The Copom emphasizes that monetary policy will remain vigilant to achieve this goal) that...

ECB tilts the odds towards additional Riksbank easing by year-end

Oct 26, 2015 06:05 am UTC| Commentary Central Banks

ECBs policy meeting last week has important ramifications for future Riksbank policy. Given the expectations for a time-extension of ECB QE, followed by a likely deposit rate cut in 2016, now there is an increased...

BoJ's expansion of QQE program likely in this week

Oct 26, 2015 04:59 am UTC| Commentary Central Banks

The BoJ is likely a bigger focus this week as disappointing economic data and weak corporate inflation outlook led to market expectations for further easing at this weeks meeting. Indeed, an expansion of QQE program via...

ECB pares way for more QE by year-end

Oct 26, 2015 04:35 am UTC| Commentary Central Banks

The ECB surprised markets last week, strongly hinting additional policy stimulus at its December meeting, when the committee updates its economic projections. We continue to think that a time extension of the PSPP program...

BoJ likely to ease further

Oct 26, 2015 04:31 am UTC| Commentary Central Banks

Japans disappointing economic data, a risk of another technical recession, a flat Philips curve, and weak corporate inflation outlook led to some market expectations for further easing at this weeks BoJ meeting. Indeed,...

Banxico likely to keep rates unchanged

Oct 26, 2015 04:27 am UTC| Commentary Central Banks

In Mexico the focus of the market will be on Thursdays Banxico meeting. A stable inflation outlook, the moderate pace of economic activity ,and restrained FX pass-through, coupled with the delay in Feds hiking cycle should...