ECB unveils further details on corporate bond purchases

Jun 03, 2016 05:44 am UTC| Commentary Central Banks

European Central Bank (ECB) president Mario Draghi, speaking at monetary policy press conference, provided more details on its corporate bond purchases, which began officially this month. First and foremost, ECB assured...

Is Japan pursuing Helicopter policies?

Jun 02, 2016 07:04 am UTC| Commentary Central Banks

Japanese prime Minister Shinzo Abe, ended speculations over consumption tax rise yesterday, by announcing that he plans to delay the rise in consumption tax from 8% to 10%, until October, 2019. It was raised from 5% to 8%,...

Fed Hike Aftermath Series

FED hike aftermath Series: Hike odds drift to pre-Yellen

Jun 01, 2016 11:26 am UTC| Commentary Central Banks

No matter how much the FOMC group try to prepare markets for rate hikes in summer, participants are just not giving in. Last Friday, speaking at Harvard, FED chair Janet Yellen echoed several of her colleagues who warned...

China Crisis Series

FxWirePro: Shanghai equity index seems to have sent repel effects on PBoC's FX fixation - weak CNY daunts investors interest

Jun 01, 2016 07:42 am UTC| Insights & Views Central Banks

The Shanghai and Shenzhen Stock Exchanges imposed limits on the length of voluntary trading suspensions, effective from 27-May. It was set at three months for companies involved in major asset restructuring and one...

FxWirePro: Hawks in Fed in June to bring in more vols than market disruption

May 31, 2016 13:16 pm UTC| Insights & Views Central Banks

Potential reassessment of Fed rate hikes by the market While market implied probability still indicates no Fed hike before 2017, but there could be some anxiety and volatility ahead of the 14-15 June FOMC meeting. Some...

Has ECB's easing stimulated inflation? EUR/AUD puzzles between ECB and RBA

May 31, 2016 12:59 pm UTC| Insights & Views Central Banks

Due today, money supply growth in the euro area probably will have quickened to 5.2% yoy in April, attributable the acceleration in asset purchases by the ECB over the reference period (to 80bn per month, compared to 60bn...

Currency War Series

ECB to stay pat, could raise its staff inflation projections on the back of higher oil prices

May 31, 2016 11:47 am UTC| Insights & Views Central Banks

Over the past few months, the ECB has grown more aggressive in its policymaking to push up inflation. It has slashed interest rates, including its main refinancing rate to zero, and expanded its bond-buying program. Data...