Sep 08, 2015 00:19 am UTC| Commentary Central Banks
This Friday (11 September 2015) at 12:30 CET Russias central bank (the CBR) will announce its monetary policy decision. the key rate to is expected to remain unchanged at 11% p.a. in line with consensus, as RUB volatility...
ECB leaves door wide open for more QE
Sep 07, 2015 10:18 am UTC| Commentary Central Banks
Higher potential growth unleashed by structural reforms would enable the ECB to be accommodative for longer to avoid increased labour market slack exerting unwelcome short-term disinflationary pressures. At its regular...
Moment of truth for PBoC’s reserve sales
Sep 07, 2015 06:07 am UTC| Commentary Central Banks
Chinas FX reserves dropped by $150bn in August, from $3.65trn to $3.5trn, vs a $50bn decline in July. However, the possible range for the decline in reserves could be quite wide, from $100bn-$300bn. Given there was a...
ECB to extend QE beyond September 2016
Sep 07, 2015 05:23 am UTC| Commentary Central Banks
The FX market is likely to continue to contemplate further ECB QE, given recent Chinese growth concerns and falls in market-based measures of euro area inflation expectations. The ECB is expected to announce before...
Sep 07, 2015 04:56 am UTC| Commentary Central Banks
The RBNZ is expected to lower its growth forecasts in the accompanying Monetary Policy Statement and foreshadow a further rate cut in its profile for the short-term interest rate. The RBNZ is likely to cut the cash rate...
FxWirePro: Kiwi extends weakness, awaits crucial China data & RBNZ
Sep 07, 2015 04:48 am UTC| Technicals Central Banks
New Zealand dollar struggled for traction early in the Asian session, having skidded nearly 3 percent last week. NZD/USD was rejected at 0.6300 levels and fell further, currently languishing near multi-year troughs...
BCB Minutes to confirm long pause
Sep 07, 2015 04:04 am UTC| Commentary Central Banks
In an environment where economic activity continues collapsing and the political commitment to push the necessary structural reforms is nonexistent at this point,this trend is not over. Although the BRL has...
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