ECB to maintain dovish bias in 2016
Jan 13, 2016 21:33 pm UTC| Commentary Central Banks
Recently US crude futures slipped below the key $30 level for the first time since December 2003. Due to the free fall of oil prices, markets anticipate further rate cuts by ECB in March. Indeed, Brent oil prices are now...
Hungarian base rate likely to cut from 1.35% to 1% in H1 2016
Jan 13, 2016 12:03 pm UTC| Commentary Central Banks
MNB economist and director Barnabas Virag recently stated that there is still space for further monetary easing in Hungary. With the preparation of estimates for the Q4 Inflation Report, the inflation developments have...
Global markets concerned over diverging monetary policies
Jan 13, 2016 11:27 am UTC| Commentary
The U.S. Federal Reserve monetary tightening initiations lead to global monetary policy divergence as most Asia-Pacific economies are seen maintaining an easing bias in the near future. In this context, global economies...
Further quantitative easing measures unlikely from BoJ
Jan 13, 2016 10:40 am UTC| Commentary Central Banks
Bank of Japans monetary authorities are seen confident to achieve the price stability target of 2% Y/Y facilitated by current asset purchase program that seeks to increase the monetary base by 80 trillion annually....
Indonesia’s central bank likely to cut rate this month
Jan 13, 2016 09:50 am UTC| Commentary Central Banks
Indonesias December CPI dropped to 3.35% YoY on a sluggish growth, last seen in December 2009. As the economy decided to increase the domestic retail prices of diesel and gasoline in December 2014 with a motive of...
US Fed, BoE Seen on Rate Hiking Path
Jan 13, 2016 08:59 am UTC| Commentary Central Banks
Although recent concerns have boosted the risk of additional easing of monetary policy than expected, there has to be more evidence of the instability in the financial market either for a longer period of time or for spill...
Banxico chases Fed policy despite unfavourable domestic condition
Jan 12, 2016 22:11 pm UTC| Commentary Central Banks
Banxico hiked the interest rate by 25bp just after the Federal Reserve hiked the rate in December. While looking at the current domestic condition in Mexico, hiking the interest rate is not the appropriate step but Banxico...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects