Deflation race between Swiss franc and Euro leads SNB's rate stance and EUR/CHF path

Mar 10, 2016 13:51 pm UTC| Insights & Views Central Banks

The long-term path for EUR/CHF will be determined by who sees inflation first: Switzerland or the Euro area. Although, the CPI in Switzerland increased 0.2% in February of 2016 over the previous month. But Swiss franc...

Bank of Russia likely to keep key rate on hold in 2016 on elevated inflation risks, vulnerable ruble

Mar 10, 2016 13:03 pm UTC| Commentary Central Banks

The Bank of Russia is expected to keep its key rate on hold at 11% on 18 March, after it lowered the rate by 600bps in 2015. The authorities would like the central bank to further ease policy due to weak domestic demand...

ECB fires bazooka defying expectations

Mar 10, 2016 13:01 pm UTC| Commentary Central Banks

It seems we were conservative in our estimates, while European Central Bank wasnt in their actions. Actions from ECB Main refinance rates were cut by 0.05% to zero, so its basically free money for banks and...

Digital Currency Revolution

Bank Of England Shows Interest In Centralized Digital Currency

Mar 10, 2016 12:21 pm UTC| Digital Currency Central Banks

The interest of central banks in the concept of digital currency seems to be rising. Last month, Peoples Bank of China Governor Zhou Xiaochuansuggested that the central bank is not only interested in digital currencies but...

Polish central bank to hold key rates steady

Mar 10, 2016 11:35 am UTC| Commentary Central Banks

The National Bank of Poland is likely to keep its key interest rate on hold at 1.5% tomorrow, while the updated inflation report is not expected to show any change to the current monetary policy. The central banks report...

What will ECB do today: Analysts’ calls at big investment banks

Mar 10, 2016 11:27 am UTC| Commentary Central Banks

Our expectations are in sharp contrast to expectations from big investment banks. As situation has improved both in inflationary terms globally and financial markets, oil price edged up, along with industrial commodities...

Bank Indonesia likely to continue easing policy with cautious approach

Mar 10, 2016 09:36 am UTC| Commentary Central Banks

The Indonesian central bank, in its current policy easing cycle, has been very aggressive. Since late 2015 the central bank has cut its reserve requirement rate by 150bps and has also lowered its key BI rate by a total of...