Bank Negara Malaysia is reducing the statutory reserve requirement ratio from 4.00% to 3.50%

Jan 22, 2016 02:21 am UTC| Commentary Central Banks

Bank Negara Malaysia (BNM) is reducing the statutory reserve requirement (SRR) ratio from 4.00% to 3.50%. This is also the first time since July 2011 that BNM had adjusted the SRR and this move will come into effect on 1...

Fed Hike Aftermath Series

US Fed continues trying to achieve 2% inflation in 2016

Jan 21, 2016 23:31 pm UTC| Commentary Central Banks

U.S. consumer prices unexpectedly fell in December 2015 as the cost of energy products and food declined, offering signs of weak inflation that further diminish expectations of a Federal Reserve interest rate hike in...

Emerging Market Crisis Series

Currency War Series

Brazil decision to keep rates on hold raises questions of independence

Jan 21, 2016 18:01 pm UTC| Commentary Central Banks

Banco Central do Brasil (BCB) surprisingly left rates unchanged at 14.25% at yesterdays monetary policy meeting. The expectation had been for a rate hike of 50bp. The decision raises questions regarding the central banks...

China Crisis Series

PBoC's massive cash injection signaling reduced RRR cuts?

Jan 21, 2016 15:03 pm UTC| Commentary Central Banks

In todays money market activity, the PBOC injected 290 bn yuan through 28 day reverse repos and 110 bn yuan through 7-day reverse repos, the largest seen in 3 years. Could we consider this as a signal that the central bank...

BOJ's Monetary Policy - Negative Interest Rates or QE Expansion?

Jan 21, 2016 14:35 pm UTC| Commentary Central Banks

The BOJ has kept monetary policy steady since expanding its massive stimulus programme in October 2014. But concerns about inflation moving further away from its 2 percent target on account of falling oil prices is raising...

Bank Negara Malaysia likely to maintain a moderately dovish stance

Jan 21, 2016 12:27 pm UTC| Commentary Central Banks

Bank Negara Malaysia (BNM) kept the policy rate unchanged at 3.25 percent, in line with the consensus. However, to ensure sufficient liquidity in the financial system the central bank reduced the statutory reserve...

Currency War Series

Central Bank’s of Hungary and Poland likely to cut rates in March Meeting

Jan 21, 2016 12:02 pm UTC| Commentary Central Banks

Hungarys policymakers have suggested that there is no requirement for further rate cuts, as unconventional easing is unlikely to bring major benefits when it comes to supporting growth. The central bank estimates 1.7%...