US economy likely to slow, Fed seen keeping rates on hold in 2016 following Brexit

Jun 24, 2016 09:27 am UTC| Commentary Economy Central Banks

US Fed Chair Janet Yellen had mentioned during the June FOMC meeting that the UK exiting from EU might have consequences for the outlook of the U.S. economy and financial market developments. Earlier, the U.S. economy had...

Brexit decision may drive technical recession in euro area in H2 2016

Jun 24, 2016 09:02 am UTC| Commentary Economy Central Banks

With UK voting to leave the EU, the euro area is likely to experience a technical recession due to higher uncertainty and declining investment. The euro area is now likely to grow 1.2 percent in 2016 and 0.7 percent the...

FxWirePro: Brexit outcome hinders US Fed’s hiking cycle in H2 2016

Jun 24, 2016 08:04 am UTC| Insights & Views Central Banks

On the result day of Brexit referendum, the globalmarkets buckled up as Britains vote on European Union membership infected almost all asset class. The Brexit camp winning with scores of 51.9% votes, the United Kingdom...

RBA likely to ease policy in August following a shocking 'Brexit'

Jun 24, 2016 07:28 am UTC| Commentary Central Banks

The Reserve Bank of Australia is likely to adopt easing in its monetary policy stance by August, following a persistent low inflation amid a shocking decision by the United Kingdom to leave the premises of the European...

PBOC likely to cut policy rate as UK votes to leave EU

Jun 24, 2016 06:07 am UTC| Commentary Central Banks Economy

The Peoples Bank of China (PBoC) is expected to advocate another additional cut in the reserve requirement ratio, in reaction to Britains withdrawal of its membership from the European Union. Although the Brexit result is...

Yen at 2-year highs against the US dollar; likelihood of BoJ intervention?

Jun 24, 2016 04:12 am UTC| Commentary Central Banks

Markets now believe Brexit is pretty much a done deal after Birmingham voted in favor of exit. Nikkei 225 plummets -7.3%, USD/JPY hits lowest levels since Nov 2013. How much yen appreciation will the BoJ...

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...