Currency War Series

CBR left rates unchanged but surprised with a relatively tough rhetoric

Mar 18, 2016 15:31 pm UTC| Commentary Central Banks

Central Bank of Russia left its main lending rate at 11 percent on Friday as widely expected and sent out a relatively hawkish signal about its willingness to persist with moderately tight monetary policy despite signs of...

Implications for the CHF from ECB actions will determine SNB's need to intervene

Mar 18, 2016 14:35 pm UTC| Commentary Central Banks

SNB, as widely expected, left policy rates unchanged at its March policy meeting. The statement released by the central bank and the new inflation projection do not signal that any further easing is imminent. SNB is also...

Negative Rates Series

Czech National Bank’s dilemma about negative interest rates continues

Mar 18, 2016 14:03 pm UTC| Commentary Central Banks

Inflation trends in the CEE markets have been sliding further away from the central banks targets. The European Central Bank has already undertaken measures, while other CEE central banks are changing their policy in...

Currency War Series

Bank of Russia keeps key rate on hold again, does not believe in sustainably strong oil market

Mar 18, 2016 12:58 pm UTC| Commentary Central Banks

The Bank of Russia once again kept its key rate on hold at 11% today, on par with expectations. However, some analyst had expected a cut of 50bp, but the odds were close to 50%. The central bank noted that the...

Currency War Series

ECB’s Paret hints further rate cuts: will it weaken Euro?

Mar 18, 2016 10:10 am UTC| Commentary Central Banks

Its not over. Do you hear?? European Central Bank (ECB) is not done with easing. European Central Banks (ECB) executive board member Peter Part in an interview with La Republica, published today, said that ECB has yet...

Rebound in South Korea’s capital inflows provides leeway for BOK on its monetary policy

Mar 18, 2016 09:09 am UTC| Commentary Central Banks

South Koreas capital inflows rebounded in March with the help of declining expectations for Fed rate hikes. These expectations were strengthened further after the Fed gave guidance for fewer rate hikes during its March...

Currency War Series

BI should ease pace of easing policy, should wait until Q2 to cut rates

Mar 18, 2016 06:57 am UTC| Commentary Central Banks

Bank Indonesia (BI) lowered its rate for the third consecutive time yesterday, cutting its entire policy corridor by 25bps, with the reference, Fasbi/deposit and repo rates being lowered to 6.75%, 4.75% and 7.25%...