Australia's core inflation set to fall below RBA target

Oct 28, 2015 04:04 am UTC| Commentary Central Banks

The headline CPI of Australia lifted 0.5% in Q3. Whereas, market was expecting for 0.7%. The annual rate is flat at 1.5%yr compared to 1.3%yr in Q1, 1.7% in Q4 and 2.3%yr in Q3. The core measures, which are seasonally...

FOMC Meeting: Preparing for December in October

Oct 28, 2015 00:05 am UTC| Commentary Central Banks

It is very unlikely that the FOMC will contemplate a hike at the upcoming gathering. More critically, officials will have to decide whether they still consider a December rate hike as likely and, if so, come up with a game...

Copom minutes to show BCB’s assessment of medium term inflation risk

Oct 27, 2015 22:34 pm UTC| Commentary Central Banks

The BCBs decision to leave rate unchanged was widely expected. The bank added a sentence to its short statement (The Copom emphasizes that monetary policy will remain vigilant to achieve this goal) that may arguably be...

Draghi magic still at work in European sovereign bond market

Oct 27, 2015 13:48 pm UTC| Insights & Views Central Banks

European bond markets are continuing their celebration of last weeks comments from European Central Bank (ECB) President Mario Draghi that ECB might be preparing for next round of easing. German securities are back...

New ECB easing big threat for Japan, Nikkei and Yen

Oct 27, 2015 13:09 pm UTC| Insights & Views Central Banks

Further easing from European Central Bank (ECB) is posing new bigger threat to Japanese economy as it would push the competitiveness of European products ahead of Japan. European Central Bank (ECB) is taking a more...

Bank of Russia may keep key rate on hold at next week’s MPC meeting

Oct 27, 2015 12:26 pm UTC| Commentary Central Banks

Inflation indicators have been relatively positive since the last meeting in mid-September, when the CBR held its key rate unchanged after five consecutive cuts since January 2015. Therefore, the Bank of Russia (CBR) is...

Fed's signals on rate hike likely to weigh on gold

Oct 27, 2015 10:14 am UTC| Commentary Central Banks

Gold is trading largely unchanged at around $1,165 per troy ounce in the run-up to tomorrows meeting of the US Federal Reserve. According to figures from the International Monetary Fund, not only China and Russia (see...