Central bank of Russia on alert to counter market instability
Sep 03, 2015 20:18 pm UTC| Commentary Central Banks
Global risk aversion and the fall in oil prices have pushed the RUB below 70 per USD. The possibility of a rate hike by the CBR is not ruled out and this has prompted to initiate a 1y cross-currency payer trade at 13.05%...
How much of the war chest has the PBoC depleted?
Sep 03, 2015 17:17 pm UTC| Commentary Central Banks
The PBoC appeared to be heavily active in the spot market after the currency regime change on 11 August in order to stabilize the CNY. Onshore CNY trading volume almost doubled in the 15 trading days following 11 August,...
Key extracts from ECB press conference
Sep 03, 2015 13:42 pm UTC| Insights & Views Central Banks
European Central bank chose to keep policy unchanged, however pushed Euro down with its outlook and views. Euro is down from 1.123 against Dollar, before press conference to 1.115 as of now. Key highlights Weaker...
PBoC to rise gold reserves, rise in gold imports likely
Sep 03, 2015 12:28 pm UTC| Insights & Views Central Banks
Mounting real income and associated jewellery consumption is the main driving force of Chinese demand. Greater investment demand, as China continues to develop its gold investment markets, is a further source of support....
Sep 03, 2015 12:22 pm UTC| Commentary Central Banks
The time for the first US rate hike is approaching. The market turbulence linked to China points to lift-off later this year than September although September is still a possibility. In the new forecasts, the US Federal...
Sep 03, 2015 11:38 am UTC| Insights & Views Central Banks
Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 11:45 GMT, followed by press conference at 12:30 GMT. Meeting is to be held in Frankfurt. Current policy...
Sweden's Riksbank might cut in December?
Sep 03, 2015 09:27 am UTC| Commentary Central Banks
The Riksbank made a significant reduction to the inflation forecast in particular (down 0.4 percentage points at most) and small adjustments to the macro forecast in general. However, there is still a margin to our own...
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