Fed remains cautious as ever, as they plan for future rate hikes
Jul 09, 2015 16:14 pm UTC| Commentary Central Banks
The minutes of the Federal Open Market Committee June 16-17th meeting were released Wednesday, in theory, giving some insight into the Feds thinking behind when they would begin normalizing policy. The Fed continued to...
Bank of Korea holds bank rates at 1.5%
Jul 09, 2015 07:31 am UTC| Commentary Central Banks
BoK kept bank rates unchage at 1.5% as expected this morning. This follows a 25bps cut in June in a pre-emptive move to guard against the economic fallout from Middle East Respiratory Syndrome (MERS). Commerzbank says,...
ECB awaits political developments before adjusting ELA
Jul 09, 2015 06:37 am UTC| Commentary Central Banks
The timely response by the Greek government in submitting a three-year ESM loan request yesterday contrasted with the gridlock over the past week and suggests we may finally be moving in the right direction before Sundays...
Poland's future monetary policy depends on fiscal decisions
Jul 09, 2015 04:29 am UTC| Commentary Economy Central Banks
Polands current monetary policy has no risks of change in near term.The PLN might be impacted by the potential risk connected to Grexit. However, the central bank and Ministry of Finance would likely intervene on the FX...
Poland central bank rates to remain unchanged till Q1 2016
Jul 09, 2015 04:22 am UTC| Commentary Central Banks
Interest rates were held flat for the fourth month in a row by the Poland MPC. Governor Marek Belka said that the likelihood of any changes to the level of interest is low. Belka doesnt expect the MPC to revert to an...
FOMC minutes: Divergent views on the outlook kept Fed in limbo
Jul 08, 2015 21:57 pm UTC| Commentary Central Banks
The minutes of the 15-16 June FOMC meeting confirmed the divergence that we saw in the FOMC projections and the strange disconnect between the relatively upbeat FOMC statement and Chair Yellens following more cautious tone...
Minutes of Fed's June Policy Meeting
Jul 08, 2015 19:33 pm UTC| Commentary Central Banks
While the June policy statement didnt break much new ground on the Feds future actions, the minutes to the meeting were more revealing, and suggest that recent global developments could stay its tightening hand this...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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