PBoC’s intervention reflects expectation of a weaker Chinese Yuan
Aug 18, 2015 07:36 am UTC| Commentary Central Banks
PBoC set USD-CNY fixing rate at 6.3966 this morning, compared with previous clos-ing of 6.3949. In the meantime, Chinas central bank injected RMB120bn cash into the market via 7-day reverse repo, compared with todays...
RBA minutes signal 'on Hold' stance as lower AUD assists transition
Aug 18, 2015 03:34 am UTC| Commentary Central Banks
For the first time in almost two years the Reserve Bank of Australia (RBA) signalled that the Australian dollar wasnt overvalued in its monthly monetary policy statement, sending a clear signal to markets that further...
RBA to release its August meeting Minutes today
Aug 18, 2015 00:20 am UTC| Commentary Central Banks
The Reserve Bank of Australia (RBA) will release the minutes of its August meeting during the night. However, we should not read too much into these statements. For Australia, economic developments in China, its largest...
Bank of Indonesia rate to remain unchanged
Aug 17, 2015 20:44 pm UTC| Commentary Central Banks
The Bank of Indonesia (BI) is expected to remain on hold during its monetary policy meeting in August, even as the economy braces for its second sub-5% annual growth since the financial crisis hit us. With inflation...
Euro area inflation is lower, but the ECB should not change its view
Aug 17, 2015 15:12 pm UTC| Commentary Central Banks
Following the latest decline in the oil prices, the euro area inflation forecast has been down to 0.1% from 0.2% in 2015 and to 1.2% from 1.4% in 2016. Updated projection does not include a new period of deflation, but it...
PBoC’s buying provides confidence to gold bugs
Aug 17, 2015 14:21 pm UTC| Insights & Views Central Banks
Gold bugs have started the week on happier note today, as report released by Peoples Bank of China (PBoC) showed that it has been active buyer in the gold market. Why China reporting gold reserve: In a bid to win...
PBoC purchases 19 tons of gold in July
Aug 17, 2015 12:15 pm UTC| Commentary Central Banks
The Chinese central bank announced on Friday that it purchased 19 tons of gold in July. It would appear that the PBoC has gone over to reporting its (real) gold purchases monthly, rather than only every six years as it did...
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