China's June forex reserves grow by $20 billion

Jul 07, 2016 15:38 pm UTC| Commentary Central Banks

Data released by the Peoples Bank of China (PBoC) showed on Thursday that Chinas foreign exchange reserves in June unexpectedly rose by $20 billion to $3.21 trillion, rebounding from a 5-year low in May. Reserves...

Polish central bank holds fire, sends a moderately hawkish message

Jul 07, 2016 15:04 pm UTC| Central Banks

Polands central bank kept interest rates on hold and sent a moderately hawkish message at its first meeting under new governor Adam Glapinski. He said Britains exit would not affect the Polish economy significantly, and...

FxWirePro: BoJ and Abenomics to cushion USD/JPY slumps – Leverage benefits through 2m vols

Jul 07, 2016 13:05 pm UTC| Insights & Views Central Banks

As per the Abenomics, which eyes on fresh fiscal easing, made possible by the fact that the BOJ has already bought a decent chunk of the governments debt. That edges Japan closer to central-bank financed fiscal policy and...

July FOMC meeting certainly off the table, even upbeat labour data may not convince the Fed

Jul 07, 2016 11:29 am UTC| Insights & Views Central Banks Economy

The FOMC minutes of the June meeting provide little insight as the meeting took place before the EU referendum. Most participants noted that the upcoming British referendum on membership in the European Union could...

FOMC meet's minutes signal delay in rate hike on labor market concerns

Jul 07, 2016 09:23 am UTC| Commentary Economy Central Banks

The minutes from the Federal Open Market Committee meeting held during June 14-15, signaled a delay in rate hike, on mounting concern over the countrys labor market, with the non-farm payrolls data in May, shocking...

NBP keeps interest rates on hold; lowers economic growth and inflation outlook

Jul 07, 2016 08:08 am UTC| Commentary Central Banks

The National Bank of Polands Monetary Policy Council decided to keep the interest rates on hold on Wednesday. The reference rate was kept unchanged at 1.5 percent. The MPC in its statement mentioned that the global...

CBC, BoK likely to push for further rate cuts, almost near to zero

Jul 07, 2016 08:01 am UTC| Commentary Central Banks

The central banks of Taiwan and Korea are expected to administer further rate cuts in the near term, bringing the domestic rates near to zero, if inflation fails to improve. However, consumer prices are expected to decline...