Singapore's MAS does bare minimum easing
Oct 14, 2015 06:47 am UTC| Commentary Central Banks
The Monetary Authority of Singapore (MAS) implemented the minimum form of easing in the latest policy statement. This is despite the modest growth picture and subdued inflation. MAS reduced the slope of the SGD NEER...
RBNZ likely to ease further in October
Oct 14, 2015 04:02 am UTC| Commentary Central Banks
The Governor of the RBNZ gave an interesting speech on the state of central banking, which referred to the risk of low interest rates feeding house price inflation and the need for monetary policy to have regard to the...
RBI turns net seller of dollars after a year
Oct 14, 2015 02:26 am UTC| Commentary Central Banks
The Reserve Bank of India stepped in to support the rupee back in August, when the domestic unit along with regional counterparts depreciated in wake of CNY devaluation. The central bank sold USD 1.6bn in August, turning a...
Central Bank of Chile (BCCh) to keep rates unchanged despite recent warning on policy shift
Oct 13, 2015 23:18 pm UTC| Commentary Central Banks
August growth number simply raised the uncertainty about whether the economy has bottomed yet. Simultaneously, it also means that that inflation situation will be the only concern in the near term if the BCCh indeed...
New BOE MPC hire Gertjan Vlieghe is a mild dove
Oct 13, 2015 11:44 am UTC| Insights & Views Central Banks
Newest member of Monetary Policy Committee (MPC) of Bank of England (BOE) Gertjan Vlieghe, today in his first parliamentary hearing sounded as mild dove, though he reiterated majority view that rate hike is likely to be...
Sniffing a peg break series - HKD peg under pressure, trapped in FED hike and Chinese slowdown
Oct 13, 2015 11:18 am UTC| Insights & Views Central Banks
For almost a month Hong Kong Dollar peg is under strain on the strong side, prompting authorities to intervene in the market. Though, theoretically a central bank can protect a peg, on strong domestic currency side by...
PBoC indicates further policy stimulus
Oct 13, 2015 09:06 am UTC| Commentary Central Banks
China managed a record mainland trade surplus in September, but the impact of the strong headline data was undone by the fact that it was the product of a far larger than expected - 20.4% y/y (in USD terms) drop in...
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