Fed's December hike more likely, but far from certain

Oct 29, 2015 04:24 am UTC| Commentary Central Banks

The Feds message to market participants was clear: do not discount the possibility of a December liftoff. It did not, however, indicate that it is certain or even likely. Prior to todays announcement, analysts pegged...

Fed dependent on data

Oct 29, 2015 04:01 am UTC| Commentary Central Banks

The Fed will round up their second day of meetings today as markets heavily anticipate the 2 p.m. press release. Analysts across the spectrum do not expect a rate increase at this meeting, approximating the chances of a...

Impact of BoJ's QQE on yen rates

Oct 29, 2015 03:42 am UTC| Commentary Central Banks

The BoJ will maintain its current quantitative and qualitative easing (QQE) policy at the Monetary Policy Meeting scheduled for 30 October. However, it is likely to lower its price and growth forecasts in the Outlook...

Fed's december hike still on the table

Oct 29, 2015 03:35 am UTC| Commentary Central Banks

The main take away from the FOMC statement is that the Committee has not closed the door on a December liftoff and is keeping the possibility of a year-end move very much alive. It did so by refocusing its guidance...

Likelihood of BOJ's additional easing in future

Oct 29, 2015 03:33 am UTC| Commentary Central Banks

In light of recent downward revisions to the forecasts for US and Chinese economic growth and lingering high saving rates, the growth forecasts are lowered for the Japanese economy in 2015-16. However, according to Bank...

CBR likely on hold as RUB weakens

Oct 29, 2015 03:21 am UTC| Commentary Central Banks

It would be premature for the Bank of Russia (CBR) to cut at this time. Inflation remains elevated at 15.7% y/y in September and it is expected to stay at the same level in October. Weekly inflation has picked up slightly...

Abrupt SEK appreciation remains a concern for Riksbank

Oct 29, 2015 03:15 am UTC| Commentary Central Banks

The Riksbank remains concerned about an abrupt SEK appreciation and is pencilling a softer pace of SEK effective exchange rate appreciation over the forecast horizon. A prolonged period of SEK strength remains a key...