BoE rate cut probability rises to 88 percent

Jul 22, 2016 12:04 pm UTC| Commentary Central Banks

The market is almost certain that a rate cut from the Bank of England (BoE) is coming in August, especially after the release of PMI reports today. In July, Flash manufacturing PMI dropped to 41-month low to 49.1. UK...

ECB stands pat, makes no change to rules governing quantitative easing

Jul 22, 2016 10:13 am UTC| Insights & Views Central Banks Economy

The European Central Bank (ECB) kept its interest rates and forward guidance unchanged as expected on Thursday. The ECB kept its deposit rate at -0.4 percent and the main refinancing rate at 0.00 percent, both record lows,...

South Africa’s central bank pauses rate hike on growth concerns

Jul 22, 2016 07:46 am UTC| Central Banks

The central bank of South Africa remained on hold at its monetary policy meeting held Thursday, pausing for a while from the continuous cycle of hikes, owing to slowdown in the economic growth of the country. It is...

ECB delays policy easing on lack of bond-buying pressure

Jul 21, 2016 13:07 pm UTC| Commentary Central Banks

The European Central Bank remained on hold at its monetary policy meeting held Thursday, slightly delaying its decision to ease interest rates, against thebackdrop of lacking bond-buying pressure in the central banks asset...

Bank Indonesia keeps its benchmark rate on hold in July policy meet

Jul 21, 2016 12:35 pm UTC| Commentary Central Banks

The Board of Governors of Bank Indonesia on Thursday decided to keep the BI Rate on hold at 6.5 percent. The central bank also kept the deposit facility and lending facility rates unchanged at 4.5 percent and 7 percent...

FX Hedging Strategy Series

For how long would BoJ tolerate JPY’s appreciation? Asset purchase seems likely through JGBs and ETFs

Jul 21, 2016 12:24 pm UTC| Central Banks

How long does BoJ tolerate JPYs appreciation? Asset purchase seems most likely through JGBs and ETFs You still see the heaps of bearish hedging interests when you have to see OTC adjustments in Yen currency...

Yen strengthens as Kuroda shoots down helicopter possibilities

Jul 21, 2016 11:05 am UTC| Commentary Central Banks

The Japanese Yen has strengthened more than 1 percent against the dollar after a BBC Radio 4 program was aired, where Mr. Kruroda poured cold water over the possibility of introducing unconventional helicopter money in...