Riksbank minutes to reveal caution, implying some downside risks for the week
Sep 13, 2015 22:11 pm UTC| Commentary Central Banks
The SEK appreciated markedly last week owing to an unexpected upward revision in Q2 GDP growth, with the Riksbanks KIX index now trading near year-to-date highs despite softer-than-expected August inflation. Despite the...
SNB on hold as conditions have started to ease mildly
Sep 13, 2015 21:01 pm UTC| Commentary Central Banks
In Switzerland, Swiss National Bank (SNB) is expected to keep its policy rate unchanged at -0.75 percent and preserve the target range for the three-month Libor at -1.25/-0.25 percent at its17 Septembermeeting, but...
Sep 13, 2015 20:57 pm UTC| Commentary Central Banks
Some recovery in Nikkei and speculations for further BoJ easing lifted USDJPY last week. In particular, LDP legislator Kozo Yamamoto toldBloombergon September 10 that theOct 30BoJ meeting is a good opportunity to ease...
Event risks could keep the Fed on hold next week
Sep 13, 2015 08:12 am UTC| Commentary Central Banks
Event risks on the calendar have much more to do with the decision than fundamentals and market volatility, according to Scotiabank. Below are some major event risks that are more likely to carry the day over discussions...
Sep 13, 2015 06:56 am UTC| Commentary Central Banks
The Bank of Korea held the policy rate at 1.5% in September, as expected. The decision was unanimous, an indication that the MPC members may be inclined to adopt a wait-and-see attitude ahead of the Feds FOMC decision on...
Sep 12, 2015 09:29 am UTC| Commentary Central Banks
UK industrial production fell for the second consecutive month (-0.4% m/m, 0.8% y/y in July after -0.4% m/m, 1.5% y/y in June), while manufacturing registered a significant downward surprise (-0.8% m/m, -0.5% y/y in July...
Russia's CBR rate decision: cautiously dovish
Sep 11, 2015 17:27 pm UTC| Commentary Central Banks
Russias central bank kept its key rate unchanged today (11 September) at 11.0% as we and consensus expected. The main reasons given by the central bank to hold rates were higher inflation risks amid persistent risks of...
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