PiS majority, implications for PLN
Oct 27, 2015 04:26 am UTC| Commentary
In Poland, an outright PiS majority is likely to increase downside risks for the PLN, imply lower short-end rates but would be negative for duration. The market is likely to view a decisive result in favour of PiS as...
How Fed chooses to describe the latest economic developments?
Oct 27, 2015 04:23 am UTC| Commentary Central Banks
FOMC member Jeffrey Lacker is expected to dissent again this week and advocate a rate hike. The key phrases to watch are, first, the description of global economic and financial developments, which in September were...
PBoC's rate corridor at the short end
Oct 27, 2015 04:20 am UTC| Commentary Central Banks
The PBoC has several instruments for managing short-term liquidity, bank reserves, open market operations (OMOs), including short-term liquidity operations (SLOs), and standing lending facilities (SLFs). The rates on these...
Fed's all doors likely to be kept open
Oct 27, 2015 04:17 am UTC| Commentary Central Banks
Recent Fed comments have underlined the divergence in views on monetary policy within the FOMC. In particular, the two board members Lael Brainard and Daniel Tarullo delivered dovish comments in their speeches two weeks...
Poland's monetary policy likely to be changed
Oct 27, 2015 04:02 am UTC| Commentary Central Banks
Polish Parliament is likely to meet within 30 days for its constitutive session (November 24 at the latest). At the session, the current government hands in its formal resignation. The president then orders the leading...
Mexico's GDP outlook improves at margin due to strong domestic drivers
Oct 27, 2015 03:48 am UTC| Commentary
Mexicos GDP proxy (IGAE index) increased 0.5% m/m sa in August, better than expected, as a result of a very strong expansion in the primary and tertiary (services) sector. After this report, Mexicos Q3 GDP is forecast...
Impact of ILS strength on Israel economy
Oct 27, 2015 03:44 am UTC| Commentary Central Banks
The BoI appears to be particularly concerned about the economic impact of ILS strength. The statement notes the ILS appreciated last month, and the cumulative appreciation this year is 5.9%. As per the statement, this is...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects