Market expectations on BOJ monetary policy statement
Jan 28, 2016 21:11 pm UTC| Commentary
BOJ has introduced its first QE programme by March 2001. Within just two years, the BOJ increased its monetary base by roughly 60 percent. A second, relatively small QE program was implemented in October 2010 and has...
CBR meeting preview – rate cut could be postponed again
Jan 28, 2016 18:55 pm UTC| Commentary Central Banks
The CBR will meet on Friday 29 January. The key rate cut could once again be postponed because of the volatile RUB and corresponding inflationary risks. Since the beginning of January, the Russian currency has lost ~8%...
Germany lowers growth forecast for 2016 as foreign trade drags
Jan 28, 2016 17:34 pm UTC| Commentary
Germany has trimmed its growth forecast for 2016 as a slowdown in the emerging market is dampening exports, leaving domestic demand as the sole as the sole propellant of growth this year and probably beyond. Presenting the...
South Africa still in a tightening cycle
Jan 28, 2016 16:55 pm UTC| Commentary
The South African Reserve Bank (SARB) today raised its policy rate by 50bp to 6.75%, as a result of a significant deterioration in the inflation outlook due mainly to the weakening of the ZAR. Despite a weak growth...
Brazil's central bank could abandon rate hike plans as outlook worsens
Jan 28, 2016 16:38 pm UTC| Commentary
Brazils central bank chief Alexandre Tombini said in his comments that policymakers will take into consideration the International Monetary Funds "significant" cuts to Brazils growth outlook for this year and 2017. This is...
Oil prices likely to recover this year
Jan 28, 2016 16:36 pm UTC| Commentary
[Correction: The article has been re-produced with due credits] Recent speculative reports that Saudi Arabia could slash oil production by up to 5% if Russia follows a similar pathare quite important to be considered as...
Currency snapshot (commodity pairs)
Jan 28, 2016 16:27 pm UTC| Commentary
Dollar index trading at 98.58 (-0.36%) Strength meter (today so far) - Aussie +1.20%, Kiwi +0.78%, Loonie +0.22% Strength meter (since last week) - Aussie +1.40%, Kiwi -0.23%, Loonie +0.28% AUD/USD - Trading at...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.