Jul 24, 2015 07:52 am UTC| Commentary
The National Bank of Hungary (NBH) cut rates by 15bp at its MPC meeting this week. After 75bp of cuts over five consecutive meetings, the NBH signalled that it was ending its cutting cycle in the July MPC meeting.The bank...
South Africa's inflation to edge up in 2016
Jul 24, 2015 07:51 am UTC| Commentary
More significantly, the MPC said its headline CPI forecast had deteriorated slightly, showing a two-quarter breach of target in H1 2016 followed by a slightly weaker inflation trajectory in H2 16, with headline inflation...
Bank of Israel likely to remain on hold
Jul 24, 2015 07:38 am UTC| Commentary
Israel inflation has started to increase, and the BoI forecasts that it will move up to the centre of the target by mid-2016."The Bank of Israel (BoI) to remain on hold at 0.10% next week", says Barclays.However, ILS...
Russian inflation likely to decline markedly next year
Jul 24, 2015 07:31 am UTC| Commentary
Inflation in Russia is expected to decline markedly next year, while the growth trajectory remains depressing. The reason for restraint is that utility price hikes in July (average of 7.5%) and recent RUB weakness could...
Pace of cuts in Russia to slow
Jul 24, 2015 07:27 am UTC| Commentary
In Russia, the Bank of Russia (CBR) to cut its policy rate by 50bp to 11%. At the most recent meeting, the CBR signalled that it will slow the rate of cuts in upcoming meetings and did not rule out possibly remaining on...
ZAR unable to benefit from rate hike
Jul 24, 2015 07:16 am UTC| Commentary
The SARB delivered what the market expected and raised the key rate by 25bp to 6.0% yesterday. The recently surprisingly moderate inflation rate of 4.7% did not cause the central bankers to wait and see. Its approach would...
CNB to extend EUR/CZK floor beyond late 2016
Jul 24, 2015 07:15 am UTC| Commentary
The situation surrounding the EUR-CZK floor is attracting increasing interest every day, which is not necessarily a good thing for CNB. The credibility of the floor mechanism is being debated actively, with EUR-CZK making...
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