FOMC monetary policy June 2017: Assessing future bias

Jun 15, 2017 05:53 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC hiked policy rates by 25 basis points yesterday. Lets take a look at the FOMC statement for future clues. Current Federal funds rate target 100-125 basis points. Lets first assess...

Bank Indonesia likely to keep policy rate steady this week, says DBS Bank

Jun 15, 2017 05:30 am UTC| Commentary Central Banks Economy

Bank Indonesia (BI) is expected to keep its policy rate steady this week. While the first-quarter GDP growth came in slightly disappointing, there are enough data to suggest stronger growth momentum in 2H17. There is less...

FxWirePro: The Day Ahead- 15th June 2017

Jun 15, 2017 05:13 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations declined to 3.6 percent in June from 4 percent...

CNB to hike countercyclical capital buffer rate to 1 pct from July 2018

Jun 14, 2017 22:46 pm UTC| Commentary Central Banks

On Wednesday, the Czech National Bank announced that it would hike the countercyclical capital buffer rate from 0.5 percent to 1 percent with effect from 1 July 2018. The central bank stated continued rapid credit growth...

U.S. Fed hikes rates by 25 bps, to start normalization of balance sheet later in 2017

Jun 14, 2017 22:22 pm UTC| Commentary Central Banks

The Federal Open Market Committee hiked the target range for the federal funds rate by 25 basis points to between 1 and 1-1/4 percent. The Committee also expects to start normalization of the balance sheet later in 2017,...

Sweden's inflation stronger than expected in May, but turnaround in Riksbank's dovish stance still a long way off

Jun 14, 2017 12:47 pm UTC| Insights & Views Economy Central Banks

Swedens CPIF gauge of inflation came in at 1.9 percent year-on-year in May, as compared with the Riksbanks projection of 1.7 percent and consensus expectations of 1.8 percent. CPIF, excluding energy was 1.6 percent...

FxWirePro: Deploy DXY straddles on dual reading of overnight volatility ahead of FOMC

Jun 14, 2017 12:42 pm UTC| Central Banks Research & Analysis Insights & Views

The old conflict between what the market expects and what the Fed suggests has been re-ignited. This does not involve a rate hike expected for today which is completely priced in on the market and which therefore...