Central Banking Series

Central Banking Series

ECB minutes show strong consensus in favour of QE, growing confidence in the blocs recovery

Jan 13, 2017 15:46 pm UTC| Commentary Central Banks Economy

ECB minutes of the December meeting were largely hawkish, but some discord was seen over QE. Some ECB members were against any extension of the institutions mass bond-buying programme as inflation picked up in the euro...

Central Banking Series

ECB President Mario Draghi calls for caution on LSE, Deutsche Boerse merger

Jan 12, 2017 14:48 pm UTC| Commentary

Deutsche Boerse and London Stock Exchange Group (LSE) have been working to overcome regulatory hurdles holding up their $28 billion merger. The European Central Bank President Mario Draghi in a letter to a member of the...

Central Banking Series

BoE to look through inflation rise, could react if slowdown proves more modest than expected

Jan 10, 2017 11:30 am UTC| Insights & Views Economy Central Banks

Incoming economic data in UK do not support the view of an uncertainty driven slowdown in the aftermath of the EU referendum. UK economy expanded at 0.6 percent q/q in Q3 2016, the first full post-referendum quarter. The...

Central Banking Series

Banxico intervenes for second consecutive session to bolster exchange rate from record lows

Jan 06, 2017 16:05 pm UTC| Commentary Central Banks Economy

The Mexican peso tumbled to the lowest level since its re-denomination in 1993 amid concern over U.S. trade policy. MXN had eased notably against USD, but the currency climbed as much as 1.5 percent after Banxico confirmed...

Central Banking Series

Banxico quivers before Trump tweets

Jan 06, 2017 08:05 am UTC| Commentary Central Banks

2016 was a pretty volatile year for the Mexican peso. In 2016, the currency depreciated by more than 15 percent and the decline against the dollar accelerated after Donald Trump got elected as the next President of the...

Central Banking Series

Bank of Mexico intervenes directly in FX market to support peso, more intervention likely in weeks ahead

Jan 06, 2017 06:54 am UTC| Commentary Central Banks

The Bank of Mexico intervened directly in the FX markets yesterday in order to strengthen the Mexican peso. The weakening in the start of New Year seemed too much for the central bank. As the inauguration of President...

Central Banking Series

German economists call for ECB rate rise after upbeat Eurozone CPI data

Jan 05, 2017 14:54 pm UTC| Commentary Economy

German economists called on the European Central Bank (ECB)on Thursday to raise interest rates after euro zone consumer prices grew faster than expected in December. - It is time for a normalization, Stefan Bielmeier,...