Central banks in Emerging Asia appear sanguine over recent currency weakness
Aug 19, 2015 07:13 am UTC| Commentary Central Banks
Indeed, while central banks meeting this week in Korea and the Philippines, rates unchanged took note of the PBoCs FX changes and the resulting market volatility, they suggested comfort with current policy stances. In...
Aug 19, 2015 07:02 am UTC| Commentary Central Banks
As expected yesterday CBRT kept all rates on hold. Ahead of potential changes to the overall monetary policy mix, it made little sense to engage in a tightening of monetary policy. The announced changes in the Road Map...
BOE's monetary policy to be impacted by inflation?
Aug 19, 2015 06:53 am UTC| Commentary Central Banks
The Bank of England (BoE) has credibly communicated to the markets that rates will not be hiked until a steady uptrend in inflation has emerged. In the short run, however, inflation is likely to have a less direct...
Malaysia to stay pat on monetary policy despite rising inflation
Aug 19, 2015 01:38 am UTC| Commentary Central Banks
A spike-up in inflation is expected. Headline CPI inflation for July is likely to register 2.8% YoY. This will be a sharp rise from 2.5% in the previous month. Second order price effects from the introduction of the GST as...
Aug 19, 2015 01:15 am UTC| Central Banks
BOJ offers to buy 400 bln yen JGBs (Residual maturity of 5YR to 10YR) outright from 8/21 BOJ offers to buy Y 240 bln JGBs (Residual maturity of 10YR to 25YR) outright from 8/21 BOJ offers to buy Y 140 bln JGBs (Residual...
ECB to lower inflation path in September
Aug 18, 2015 09:39 am UTC| Commentary Central Banks
The minutes of the July ECB meeting signaled cautious optimism that ECB QE was helping to improve confidence and expand credit. But they also emphasized that downside risks were still elevated, given a weak inflation...
Better US consumption cautious Fed
Aug 18, 2015 09:29 am UTC| Commentary Central Banks
Away from China, solid retail sales mean that Q2 real consumption in the US is now tracking 3.1%, with momentum continuing into Q3. Meanwhile, the Fed has been careful not to reveal its intentions regarding a September...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight