
Don’t underestimate the chance of a further rate cut in Taiwan
Dec 14, 2015 01:57 am UTC| Commentary Central Banks
Taiwans central bank (CBC) is scheduled to review monetary policy this Thursday, immediately after the FOMC meeting. Market opinions are divided regarding whether the CBC will cut rates at a same time when the Fed is about...
Dec 14, 2015 00:30 am UTC| Commentary Central Banks
An underperformance of MXN is expected, particularly on Thursday, since no change is expected in the fondeo rate, compared with market consensus for a 25bp increase. The path implied in the TIIE curve for the overnight...
More weakness for the Columbian peso if Banrep holds
Dec 14, 2015 00:10 am UTC| Commentary Central Banks
In Colombia, Banrep is expected to pause its hiking cycle, as the economic outlook for 2016 has deteriorated in recent weeks. OPECs lack of agreement on a production quota is likely to keep oil prices depressed next year,...
Mexico to follow in the footsteps of Federal Reserve
Dec 11, 2015 16:49 pm UTC| Commentary Central Banks
The Banxico committee is set for a rate lift-off when it meets the day after the FOMC meeting on Thursday next week - its first rate hike in 7 years. A hike in close tandem with the Fed should also hinder the USD/MXN from...
Russia keeps interest rate unchanged as economy is waiting for inflation to decelerate
Dec 11, 2015 15:31 pm UTC| Commentary Central Banks
The Bank of Russia (CBR) decided to keep its key rate unchanged at 11.0%, in line with forecast and the split consensus. The press statement and Governor Nabiullinas news conference provided a clear description of the CBRs...
Norges Bank likely to remain on hold in December
Dec 11, 2015 07:06 am UTC| Commentary Central Banks
Core inflation of Norway surprised the market on upside in November as it is increased by 3.1%. The Norges Bank was expecting the figure at 2.96%. The higher than expected inflation is the result of increase in year on...
BoE may hike bank rates in Q2 2016
Dec 11, 2015 05:49 am UTC| Commentary Central Banks
The MPC left the bank rate unchanged at 0.50% and stocks of purchased assets at GBP375bn. Ian McCafferty, member of MPC voted in favor of increasing the Bank Rate by 25bp immediately, hence, the vote was 1-8 in favor of...