PBoC conducts large short-term liquidity injection
Aug 20, 2015 07:23 am UTC| Commentary
PBoC set USD-CNY fixing rate at 6.3915 this morning, compared with yesterdays closing rate at 6.39563. In general, recent CNY fixing rates were quite stable. In the mean-time, the central bank conducted RMB120bn 7-day...
Norwegian economy continues to suffer
Aug 20, 2015 07:20 am UTC| Commentary Economy
Things are strange, at least for Norges Bank. While other G10 central banks have to cope with (too) low inflation and relatively healthy growth, Norges Bank has to deal with (too) high inflation and (too) low growth....
CNB unlikely to remove currency floor
Aug 20, 2015 07:19 am UTC| Commentary
Yesterday CNBs Singer stated that extending the FX policy beyond 2016 is definitely a possible scenario. This seems a strange thing to say at this point in time, given that GDP surprised to the upside in Q2 and CPI trends...
Aug 20, 2015 07:10 am UTC| Commentary Central Banks
Will the Fed hike its Fed funds rate in September? Perhaps - and perhaps not. That is what the Fed signaled to the markets in its July meeting minutes. Most FOMC members judged that the conditions for policy firming had...
Greece to pay back to ECB today
Aug 20, 2015 07:08 am UTC| Commentary Central Banks
Today is pay day for Greece: the government in Athens will need to transfer 3.2 bn plus interest to the ECB. In addition, the bridge loan of a bit more than 7 bn, which kept Greece afloat for a few weeks until the...
New benchmark launch to burden Finnish bonds in the near term
Aug 20, 2015 07:04 am UTC| Commentary
In addition to the grim Finlands economic outlook, the supply outlook is against Finnish bonds in the near future. Finnish bonds have already seen some underperformance during the summer. In many maturities, Finnish bonds...
Finnish recovery to take time till 2016
Aug 20, 2015 07:02 am UTC| Commentary
The first comments coming from the trade unions regarding the Society Pact, which forms the heart of the government programme and seeks to boost Finnish cost competitiveness, have not been encouraging. Those comments...
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