ECB may hold current policy rates in near future
Dec 04, 2015 06:28 am UTC| Commentary Central Banks
The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...
ECB’s policy easing underwhelms
Dec 04, 2015 02:54 am UTC| Commentary Central Banks
Reaction in the overnight European markets would have you believe that the European Central Bank (ECB) did not act on policy. Equity markets ended in red, bond yields inched up and the euro was back above 1.08/dollar after...
Draghi sure took some pressure off the Fed, didn’t he?
Dec 04, 2015 02:47 am UTC| Commentary Central Banks
Draghi sure took some pressure off the Fed, didnt he? No big change to QE after all and the euro surges to $1.094 from $1.055 - a 3.8% strengthening that makes the RMB move back in August look like kid stuff, even if it...
Barring a negative economic shock, the Fed seems ready for its first hike since 2006 in December
Dec 04, 2015 00:37 am UTC| Commentary
US nonfarm payrolls increased by 271k in October, the largest rise since December 2014, with cumulative upward revisions for August and September of 12k. Civilian household employment gained 320k, while the civilian labor...
Why interest rates are taking divergent paths in Europe and the US
Dec 03, 2015 12:10 pm UTC| Insights & Views Central Banks
The prospect that the central banks of the US and the eurozone will soon make opposing moves on policy rates has allowed financial markets once again to demonstrate their neuroses. Some market participants are expecting...
BoC should take the RBA’s "chill out" approach?
Dec 03, 2015 09:16 am UTC| Commentary Central Banks
Bank of Canada is likely in a position to sit back over Christmas, and follow RBA Stevens chill out notion. As it mentioned in its rate meeting, interest rate front doesnt need action, exports to US are better, there is no...
Riksbank seems relaxed even if SEK appreciates moderately after ECB's rate decision
Dec 03, 2015 09:05 am UTC| Commentary Central Banks
Riksbanks Executive Board sound much more relaxed about a moderate appreciation of the krona, believing that ECB would take further accomodative action, thus signalling to the market that EUR-SEK might well move notably...
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