ECB signals further easing in December

Oct 30, 2015 07:19 am UTC| Commentary Central Banks

The European Central Bank sent a very dovish message from its October meeting. Due to a weakened inflation outlook, the ECB will reassess monetary policy in December and it is ready to use all the tools in its box. The...

CBR key rate likely to fall to 10% in December 2015

Oct 30, 2015 07:10 am UTC| Commentary Central Banks

Together with the stabilising oil price, the RUBs volatility is also reduced and additional room is provided for resuming monetary easing, which has been badly missed by businesses and consumers among the current economic...

Australian exchange rate about where the RBA wants it

Oct 30, 2015 06:32 am UTC| Commentary Central Banks

Over the three months since the August forecasting round, Australian exchange rate has continued to ease, albeit moderately, owing to a small rebound in October which partly reversed the sizable drop of...

BoE's first rate hike likely in Q2 17

Oct 30, 2015 06:26 am UTC| Commentary Central Banks

The Bank of England will have its own Bonfire Night party on 5 November with the November interest rate decision, the Minutes of the meeting and the Inflation Report and press conference. However, judging from the...

Australia's growth forecast looks on track

Oct 30, 2015 06:22 am UTC| Commentary Central Banks

The November RBA Board meeting is, along with the February, May and August meetings, of special significance, because it includes the discussion of new comprehensive forecast revisions, which can trigger a change of...

ECB likely to revise its optimistic views of a sizeable recovery

Oct 30, 2015 06:15 am UTC| Commentary Central Banks

Resilient Euro economy in the near term, but the lending channel is not working. The flow of data over the past two weeks has proven better than expected. The euro area continues to show resilience, helped by robust...

Likelihood of ECB's December action rising

Oct 30, 2015 06:06 am UTC| Commentary Central Banks

Last week after the ECB meeting, a December move was seen as less likely, but still very possible, than a March 2016 move. A series of developments (dovish tone from ECB board members, weakness in credit dynamics, Fed...