Norges Bank holds rates, rate path marginally hawkish

Jun 23, 2016 14:05 pm UTC| Commentary Central Banks

Norges Bank left its monetary policy unchanged at todays meeting as widely expected. The central bank kept benchmark rate intact at 0.50%. The revised rate path still has a 100% implied probability of a 25bp rate cut in H2...

ECB reinstates waiver for use of Greek sovereign bonds as refinancing collateral

Jun 23, 2016 11:52 am UTC| Insights & Views Economy Central Banks

At a meeting in Frankfurt, the European Central Banks governing council reinstated the waiver that allows Greek sovereign bonds to be accepted as collateral for regular auctions of ECB cash, despite their junk rating. The...

Colombia central bank raises policy rate for 10th straight month to curb inflation

Jun 23, 2016 11:40 am UTC| Central Banks Commentary Economy

Colombias central bank raised its monetary policy rate for the 10th straight month in a row, in a bid to curb inflation, reiterating its statement from May that it must ensure that the recent shocks to inflation remain...

Philippines' BSP keeps interest rate on hold; revises 2016 inflation outlook

Jun 23, 2016 10:29 am UTC| Commentary Central Banks

[Correction: The first paragraph has been edited to include additional information] The Philippines central bank has kept its interest rate on the overnight reverse repurchase (RRP) facility at 3 percent. Last month,...

Norges Bank keeps key policy rate unchanged; signals rate cut in September

Jun 23, 2016 09:34 am UTC| Commentary Central Banks

As expected, the Norwegian central banks Executive Board today maintained the key policy rate at 0.5 percent. The Norges Banks forecast for the key interest rate, the interest rate path was a bit revised upwardly. The...

Emerging Market Crisis Series

South Korea finance minister and BoK governor caution against rising economic uncertainties

Jun 23, 2016 07:04 am UTC| Commentary Economy Central Banks

The finance minister of South Korea, Yoo Il-ho, mentioned on Wednesday that the economic scenario of the country is likely to deteriorate in the second half of 2016 given the volatile financial markets of China, UKs EU...

ECB reinstates Greek waiver

Jun 23, 2016 06:51 am UTC| Commentary Central Banks

European Central Bank (ECB) has reinstated the Greek waiver, which enables the countrys banks to access cheap funding from European Central Bank. Sovereign bonds with only investment grade credit ratings can access ECB...