Strong GBP still a concern for BoE – buys time before the crucial meeting in December

Nov 05, 2015 16:26 pm UTC| Commentary Central Banks

As expected, the Monetary Policy Committee (MPC) kept the Bank Rate and stocks of purchased assets unchanged at 0.50% and GBP375bn, respectively. The vote was once again 8-1, as Ian McCafferty still voted in favour of...

Even with weak data, Fed rhetoric increasingly points toward a December lift-off

Nov 05, 2015 02:40 am UTC| Commentary Central Banks

Even with weak data, Fed rhetoric increasingly points toward a December lift-off. In her testimony before Congress yesterday, Chairwoman Yellen said the economy is performing well and a December hike is a live possibility....

Bank of Thailand kept rates unchanged on Wednesday

Nov 05, 2015 02:29 am UTC| Commentary Central Banks

As widely expected, Bank of Thailand (BOT) kept rates unchanged on Wednesday. That it was a unanimous decision was somewhat surprising. The central bank sees a gradual recovery in the economy, on the back of an accelerated...

Malaysia Central Bank is expected to keep monetary policy on steady keel today

Nov 05, 2015 01:57 am UTC| Commentary Central Banks

Bank Negara is expected to keep monetary policy on steady keel today. The central is widely expected to leave the Overnight Policy unchanged at 3.25% in todays meeting. Despite the mix of higher inflation, slow growth and...

ECB to ease monetary policy in December

Nov 04, 2015 09:27 am UTC| Commentary Central Banks

Euro area headline inflation stood slightly to the downside in October whereas, core prices of the economy rose more than the expectation. At the non-core level, energy inflation remains weak, while food prices continue to...

Bounce back necessary in US hiring to keep Fed's December hike on track

Nov 04, 2015 09:07 am UTC| Commentary Central Banks

In September, US hiring created 142000 jobs, as per the official figures, less than expectations. Due to the near to zero average pay hikes, workers quit jobs, taking labor participation to 1970 levels. The unemployment...

Danish central bank unlikely to track ECB rate cut

Nov 04, 2015 07:16 am UTC| Commentary Central Banks

The ECBs Governing Council has once again initiated the monetary easing process. The ECB has opted to slash its deposit rate in early December, the central bank is unlikely to follow suit with a CD rate cut in the...