Views from Bill Dudley, New York FED President
Aug 26, 2015 15:49 pm UTC| Insights & Views Central Banks
New York FED President Mr. Bill Dudley, today shrugged of any possibility of further quantitative easing or QE4. After Market turmoil on Monday and inflation expectation dropping to 5 year low, several prominent names in...
ECB stands ready to take further action to boost inflation
Aug 26, 2015 14:34 pm UTC| Insights & Views Central Banks
European Central Banks (ECB) policymakers suggested previously that China poses significant risks to Europe due its prominence in global trade and two policymakers Mr. Constancio, Vice President of ECB and peter Paret,...
EUR/SEK uptrend gears up on likely Riksbank rate cut despite lower inflation forecast
Aug 26, 2015 12:10 pm UTC| Insights & Views Central Banks Technicals
In the Scandi FX market, it is time for this weeks key data releases. In Sweden the NIERs inflation forecast is an important driver for expectations on additional Riksbank easing. Our base case remains that the Riksbank...
Fed hike uncertainties to weigh on greenback
Aug 26, 2015 07:15 am UTC| Commentary Central Banks
The suspicion that the Fed might postpone the generally expected imminent rate hike has put considerable pressure on the greenback. Adjusted by the risk-off effect, there is now 3% USD weakness since the CNY shock. Of...
Financial markets force PBoC to ease
Aug 25, 2015 20:48 pm UTC| Commentary Central Banks
Peoples Bank of China (PBoC) today cut its leading interest rate by 25bp and the reserve requirement ratio (RRR) for commercial banks by 50bp. This was the fifth interest rate cut since November last year. The one-year...
The cost of China's currency stabilisation
Aug 25, 2015 16:31 pm UTC| Commentary Central Banks
The PBoC cut the RRR for all banks by 50bp and offered additional reductions for leasing companies (300bp) and rural banks (50bp). All these will take effect as of 6 September, and the total amount of liquidity injected...
PBoC did as had to do, more to come
Aug 25, 2015 16:23 pm UTC| Commentary Central Banks
The PBoC announced a cut to the RRR for all banks by 50bp, effective as of 6 September. This move is absolutely necessary to reverse the passive liquidity tightening caused by FX intervention and therefore much...
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