PBoC fixes Yuan to four-year low

Dec 09, 2015 07:05 am UTC| Commentary Central Banks

Peoples bank of China (PBoC), which fixes the central value of Dollar/Yuan, fixed it to weakest level since 2011. Last month, International Monetary Fund (IMF) added Yuan or Renminbi to its Special Drawing Rights (SDR)...

Currency War Series

BoK to stand pat in 7-day repo rate

Dec 09, 2015 06:19 am UTC| Commentary Central Banks

Bank of Korea is expected to keep its policy rate unchanged in the December meeting at 1.50% by the market consensus, which would be a unanimous decision. There were mixed signals from macroeconomic indicators and the...

BoE Policy Meeting Preview

Dec 09, 2015 05:34 am UTC| Commentary Central Banks

Bank of England Governor Mark Carney had stated back in July that the Monetary Policy Committees decision regrading the timing of adjustment of interest rates would come into relief during the turn of the year. This is yet...

Fed will move more slowly than normal in 2016

Dec 09, 2015 02:40 am UTC| Commentary Central Banks

Markets are expecting a strong retail sales report on Friday but after three months of zero growth one isnt quite sure if thats really strong or not. Even were the 0.3% (MoM, sa) rise in headline sales that markets expect...

Currency War Series

RBI to cut final 25bp in February with inflation in 5-6% range; rains key

Dec 09, 2015 00:32 am UTC| Commentary Central Banks

RBI Governor Raghuram Rajan is expected to cut 25bp in February. Inflation should peak at 5.5-6% by January 2016 to meet the RBIs under-6% target. The RBI will be on a long pause thereafter. RBIs around 5% March 2017...

BoC governor Poloz shows off unconventional policy tools, but they are staying on the shelf for now

Dec 08, 2015 21:54 pm UTC| Commentary Central Banks

Bank of Canada governor Stephen Poloz spoke in Toronto today. His speech covered the tools at the Bank of Canadas disposal for providing unconventional monetary policy, as well as the outlook for the Canadian economy in...

Currency War Series

FxWirePro: Central banks adds their bits in monetary policies for Scandi FX but likely to sense pressures from crude oil

Dec 08, 2015 13:08 pm UTC| Commentary Central Banks

Currency crosses in Scandis are cushioned with the impetus from their respective central banks single mindedly targeting growth in Norway and inflation in Sweden. Growth will eliminate the output gap and core inflation...