Firm Eurozone PMIs unlikely to derail ECB stimulus expectations
Nov 24, 2015 02:14 am UTC| Commentary
The Eurozone economys November composite PMI (flash) ticked up to 54.4 from 53.9, to a four and half year high. Both manufacturing and service PMIs stayed in the expansionary above-50 region. This takes Oct-Nov...
No further BI easing expected in 2015
Nov 24, 2015 00:11 am UTC| Commentary Central Banks
Potential Fed rate hike in December the constraint to easing. Better current account data, contained inflation and a recovering currency have provided BI with the previously elusive opportunity to shift its focus to growth...
BoK will remain on hold in 2016
Nov 23, 2015 23:29 pm UTC| Commentary
Further BoK rate cuts are not expected in 2016, as policymakers will maintain a wait-and-see stance. The ongoing recovery in domestic demand fuelled by credit expansion (especially household credit) is likely be the main...
Hawkish Liikanen turns dovish ahead of ECB December meeting
Nov 23, 2015 11:07 am UTC| Insights & Views Central Banks
European Central Banks (ECB), governing council member and Governor of Finnish Central Bank Erkki Liikanen seem to have transformed himself as a dove heading into much awaited December meeting next week. Finnish...
Watch out for FED’s mysterious closed door meeting today
Nov 23, 2015 10:34 am UTC| Insights & Views Central Banks
US Federal Reserve all out of the blue announced a closed door meeting under expedited procedure at boards office in Washington to be held today at 11:30 am Eastern Standard Time (EST). No major details are provided...
Outcome at ECB Dec meeting likely to be a combination of increase in QE and deposit rate cut
Oct 23, 2015 10:07 am UTC| Insights & Views Central Banks
ECB Governing Council meeting on Thursday was a currency war of words and inaction, where President Draghi has once again demonstrated his ability to bring forward the benefits of ECB activism. Although the ECB Governing...
Oct 23, 2015 07:27 am UTC| Commentary Central Banks
Yesterday, ECB President Mario Draghi prepared the markets for an extension of the ECBs quantitative easing. The FX market was also impacted by the fact that Draghi seems to regard the exchange rate channel as the only way...
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