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...

Worries about Israel's deflation and tepid growth likely put BoI on hold

Oct 27, 2015 03:42 am UTC| Commentary Central Banks

The Bank of Israel (BoI) kept its 0.10% base rate on hold, as expected. The BoI has no appetite to loosen monetary policy under the current circumstance even though it remains concerned about the very low inflation level,...

Asia stocks drop on risk-off mood; Yen gains on dollar

Oct 27, 2015 02:50 am UTC| Commentary

Asian markets were trading broadly lower on Tuesday morning after Wall Street closed in the red overnight, while the stronger yen sent stocks down in Tokyo. Japans benchmark Nikkei 225 index slipped 0.12% to 18,923.78...