FxWirePro: Driving forces of neutral RUB stances and hedging vehicles

May 17, 2017 11:49 am UTC| Research & Analysis Insights & Views Central Banks

While rubles medium term structural drivers are supportive, a sequentially dovish shift by the central bank and uncertain oil outlook keeps us neutral. The fundamental drivers of RUB over the medium-term look attractive: a...

ECB likely to keep policy rates on hold until second half of 2018, says Lloyds Bank

May 17, 2017 08:51 am UTC| Commentary Central Banks Economy

The European Central Bank (ECB) is expected to continue with its current pace of asset purchases until the end of the year. It is further likely to communicate a reduction in asset purchases in 2018 at the September...

FxWirePro: Dovish RBNZ to decelerate NZD’s pace, shrinking IVs to signal lackluster hedging activities

May 17, 2017 08:50 am UTC| Central Banks Research & Analysis Insights & Views

The RBNZ was very dovish at the May MPS. Despite inflation recovering in 1Q to above 2%oya for the first time in six years, Governor Wheeler stuck to his neutral guidance, and the staff maintained their forecast that the...

South Africa's Reserve Bank is in the eye of a storm. Academics quiz the governor

May 16, 2017 16:39 pm UTC| Insights & Views Economy Central Banks

Central banks everywhere play a critical role in shaping the direction of a countrys economy. The South African Reserve Bank is the central bank of South Africa. Its main mandates are to ensure financial and economic...

FxWirePro: Would UK CPI pave the way for BoE? British currency unlikely to sustain gains

May 16, 2017 13:02 pm UTC| Central Banks Insights & Views

UK CPI prints upbeat flashes, following the pause in March; CPI inflation resumed its uptrend in April, picking up to 2.7% YoY, which is way beyond consensus at 2.6% YoY. The CPI core rate (excluding energy, food, alcohol,...

FxWirePro: UST futures rolls on mounting hopes of Fed hikes

May 16, 2017 12:27 pm UTC| Central Banks Insights & Views

US 10yr treasury yields benefitted from the risk-seeking mood, rising from 2.32% to 2.35%, while 2yr yields rose from 2.29% to 2.30%. Fed fund futures yields also firmed, now pricing a June rate hike as an 85% chance (from...

Central Banking Series

PBOC establishes fintech committee to enhance research, planning and innovation

May 16, 2017 09:43 am UTC| Fintech Central Banks

The Peoples Bank of China (PBOC) announced that it has established a fintech committee in a move to improve research, planning as well as coordination of work on fintech, Shanghai Daily reported. Fintech, or...