Hungarian Central Bank lowers overnight rate corridor
Sep 25, 2015 12:46 pm UTC| Commentary Central Banks
The Hungarian Central Bank (MNB) held its newly created three-month benchmark yesterday unchanged at 1.35% but it lowered its overnight rate corridor by 25bps. As a result EUR-HUF rose sharply, past 315.00. MNBs statement...
Key extracts from FED chair Yellen’s speech
Sep 25, 2015 11:07 am UTC| Insights & Views Central Banks
US Federal Reserve chair Janet Yellen last night gave speech on inflation dynamics and monetary policy at university of Massachusetts, Amherst. Due to not feeling well over dehydration, madam chair hasnt been able to...
Fiscal headwinds to weigh on Cable over the coming year
Sep 25, 2015 11:06 am UTC| Insights & Views Central Banks
Risks to Britains financial stability have risen over the past three months, driven by developments in China and other emerging markets. The combination of low inflation, the consequent rise in real interest rates and GBP...
BOE sees China reforms challenging due to rapid debt build-up
Sep 25, 2015 09:03 am UTC| Commentary Central Banks
The Bank of England sees increased risks stemming from the emerging markets as spreads on the sovereign and corporate bonds in those economies have risen while currencies have fallen, the FPC statement showed on...
BCB intervenes successfully to stabilize BRL
Sep 25, 2015 07:47 am UTC| Commentary Central Banks
Brazils central bank governor Alexandre Tombini and Finance Minister Joaquim Levy pointed out that the Banco Central (BCB) would use its FX reserves to prevent a further collapse of the real (and thus the deterioration of...
BoC’s growth forecast for Q3 face significant risk
Sep 25, 2015 05:21 am UTC| Commentary Central Banks
Retail sales volumes were up by a somewhat mild 0.2% m/m. Housing starts were sharply higher at 216,900 from 193,300 the prior month. The fact that this was led by a roughly 20% m/m rise in multi-housing units that carry...
Taiwan's central bank cut policy rate for the first time in six years
Sep 25, 2015 01:56 am UTC| Commentary Central Banks
Taiwans central bank cut rates by 12.5bps yesterday, taking the benchmark discount rate to 1.75% from 1.875%. The widening of a negative output gap, easing of inflation expectations and relatively high real interest rates...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight