Central Banking Series

Central Banking Series

BoJ likely to maintain QQE, YCC over the coming months: Scotiabank

May 04, 2017 10:17 am UTC| Commentary Central Banks Economy

The Bank of Japan (BoJ) will likely maintain its current monetary policy framework of Quantitative and Qualitative Monetary Easing with Yield Curve Control over the coming months, with the short-term policy rate and the...

Central Banking Series

FOMC monetary policy May 2017: Assessing future bias

May 04, 2017 07:27 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC kept policy rates unchanged yesterday. Lets take a look at the FOMC statement for future clues. Current Federal funds rate target 75-100 basis points. Lets first assess the bias in...

Central Banking Series

Central Bank of Russia surprisingly cuts key interest rate by 50 bps

Apr 28, 2017 17:55 pm UTC| Commentary Central Banks

The Central Bank of Russia surprisingly lowered its key interest rate today by 50 basis points. This was a real test of the central banks independence as there has been major pressure from authorities in Russia pushing for...

Central Banking Series

BoJ upgrades real GDP growth projections, likely to keep policy unchanged into 2018 – Wells Fargo

Apr 27, 2017 22:15 pm UTC| Commentary

The Japanese central bank, Bank of Japan kept its monetary policy unchanged on Thursday and upgraded its GDP growth projection. Meanwhile, it slightly cut its inflation projection for 2017 and kept it unchanged for the...

Central Banking Series

Riksbank keeps repo rate on hold, hints at longer period of loose monetary policy

Apr 27, 2017 19:18 pm UTC| Commentary Central Banks

As widely expected, the Swedish central bank, Riksbank, kept its repo rate on hold at -0.50 percent. However, the banks report contained certain surprises hinting at a loose monetary policy for an even longer period, noted...

Central Banking Series

BOJ monetary policy: Assessing future bias

Apr 27, 2017 05:49 am UTC| Commentary Central Banks

At todays meeting, policymakers at the Bank of Japan (BoJ) kept the policy unchanged, and the benchmark interest rate at -0.1 percent. Lets look at the current monetary policies, Bank of Japan had already shifted...

Central Banking Series

PBoC likely to tighten monetary conditions slightly in 2017, inflation to reach 2.2 pct

Apr 26, 2017 22:44 pm UTC| Commentary

The Peoples Bank of China has committed to keep a prudent monetary policy stance this year, continuing to fine-tune monetary conditions with targeted policy measures. Deleveraging continues to be a main priority for Chinas...