Downside risks to New Zealand inflation outlook likely to keep RBNZ under pressure
Mar 23, 2016 11:25 am UTC| Central Banks
New Zealands economy expanded more than expected in the fourth quarter of 2015, but the tepid inflation picture suggests more rate cuts from the central bank. New Zealands GDP rose a seasonally adjusted 0.9 percent in Q4...
Growth and policy divergences among EM-DM drive divergent moves in currencies
Mar 22, 2016 11:51 am UTC| Commentary
The Emerging Market (EM) has been underperforming the Developed Market since the EMU debt crisis and persistent divergence between the business cycles in both the regions has been a central feature of this economic...
Hungary's MNB to use unconventional tools at policy meet tomorrow, rate cut unlikely
Mar 21, 2016 15:00 pm UTC| Commentary Central Banks
The huge risk of missing inflation targets is likely to trigger additional monetary easing, at first from the Hungarian central bank at tomorrows meet (Tue, 22nd Mar). The MNB might tweak and/or deploy unconventional...
Further easing from BoJ likely at April meeting
Mar 21, 2016 12:27 pm UTC| Commentary Central Banks
The Bank of Japan last week left its major monetary policies unchanged but downgraded its view of the economy, opening the door to further action in the months ahead. Japans consumer price inflation remains stuck far below...
Egypt Devaluation Positive, Economic Challenges Remain
Mar 21, 2016 09:36 am UTC| Commentary Economy Central Banks
Decisions by the Central Bank of Egypt (CBE) last week, including a devaluation of the Egyptian pound, are broadly credit positive but the country faces a difficult year of slower growth, high inflation and large financing...
CBR left rates unchanged but surprised with a relatively tough rhetoric
Mar 18, 2016 15:31 pm UTC| Commentary Central Banks
Central Bank of Russia left its main lending rate at 11 percent on Friday as widely expected and sent out a relatively hawkish signal about its willingness to persist with moderately tight monetary policy despite signs of...
Bank of Russia keeps key rate on hold again, does not believe in sustainably strong oil market
Mar 18, 2016 12:58 pm UTC| Commentary Central Banks
The Bank of Russia once again kept its key rate on hold at 11% today, on par with expectations. However, some analyst had expected a cut of 50bp, but the odds were close to 50%. The central bank noted that the...
There’s an extra $1 billion on the table for NT schools. This could change lives if spent well
Political donations rules are finally in the spotlight – here’s what the government should do