Patrick Harker joins FOMC hawk band

May 24, 2016 07:15 am UTC| Commentary Central Banks

Patrick Harker, President of Federal Reserve Bank of Philadelphia, said on Monday that he could easily see FED raising interest rates two to three times this year, joining the band of policymakers at U.S. Federal Reserve...

Fed Hike Aftermath Series

Fed Hike Aftermath Series: FT survey shows hike expectations still divided but growing

May 23, 2016 08:25 am UTC| Commentary Central Banks

Financial Times survey on leading 53 economists, shows that rate hike expectations have grown but economists still remain well divided over the issue. Kindly note, all numbers are squared to closest decimal...

Key comments from Fed's Eric Rosengren

May 23, 2016 07:49 am UTC| Commentary Central Banks

Speaking with Financial Times, Boston FED chief, Eric Rosengren said according to him, U.S. economy is on the verge of meeting the criteria, required for a rate hike in June. In recent week, especially in the last one,...

Currency War Series

Japan likely to introduce fiscal stimulus package, BoJ expected to further ease monetary policy

May 23, 2016 06:20 am UTC| Commentary Central Banks

During the upcoming G7 summit in Japan on 26-27 May, Japan is likely to lead the flexible fiscal policy management, said Barclays in a research report. Japans public sector expenditure is likely to be normal again post...

Currency War Series

Danmarks Nationalbank likely to intervene in FX to support EUR/DKK in coming months

May 20, 2016 12:33 pm UTC| Commentary Central Banks

In April, the Danish central bank did not sell the Danish krone in FX intervention after the EUR/DKK pair dropped to 7.4400. The pair dropped below 7.4400 at the starting of this month. The Danmarks Nationalbank (DN) is...

William Dudley: Hawks of same feather

May 20, 2016 12:02 pm UTC| Commentary Central Banks

Market should listen! Several policymakers in past several days, weeks have warned about June meeting being alive and there could be two or three rate hikes on the table. Names include, Boston FED chief Rosengren,...

China’s loans shrink on a successful bond swapping program

May 20, 2016 07:24 am UTC| Commentary Central Banks

Chinas loans shrank significantly in April, compared to that in March on an unsuccessful program adopted by the government to swap local government debt for cheaper municipal bonds. No less than RMB 350 billion of such...