
FOMC minutes: Not all members are as confident as Yellen despite the unanimous hike
Jan 06, 2016 23:19 pm UTC| Commentary Central Banks
The minutes of the 15-16 December FOMC meeting, where the Fed delivered its first hike since June 2006, were more dovish than the statement and Janet Yellens tone at the press conference. The minutes reveal that, although...

Stronger ADP strengthens case for further hikes from FED
Jan 06, 2016 13:30 pm UTC| Commentary Central Banks
Today ADP employment numbers were released from US for the month of December. ADP number shows US economy and its labour markets are quite robust, in spite of global economic slowdown. There are two things to note...

Outperforming outlier Germany could pose long term challenge for ECB policy
Jan 06, 2016 11:02 am UTC| Commentary Central Banks
Yesterdays better than employment report from Germany shows it remains an outperforming outlier in Euro Zone. German economy despite facing worst of migrant crisis managed to expand both its manufacturing and services...
Fed likely to begin gradual normalization
Jan 06, 2016 10:19 am UTC| Commentary Central Banks
The overarching investment theme heading into 2016 is the divergence of global monetary policies among major central banks. Ultra-low interest rates alongside substantial amounts of quantitative easing by the Fed, BoE,...

Yuan depreciation – market driven or PBoC’s hand
Jan 06, 2016 09:00 am UTC| Commentary Central Banks
Yuans depreciating march against Dollar, to start the year with is getting quite an attention among market players, especially the offshore counterpart. Todays relentless depreciation is offshore Yuan, which is already...
How does a positive surprise look like for NOK?
Jan 05, 2016 17:36 pm UTC| Commentary Central Banks
It has been a while since anything close to good news came for NOK. Oil prices have been declining steadily since august 2014 and Norges Banks forecast for the economy has been revised down in the 12 last editions of the...

ECB inflation projections are already outdated—again
Jan 05, 2016 17:26 pm UTC| Commentary Central Banks
In December, the ECB had revised its projections for the core inflation rate in 2016 downwards slightly to 1.3%. But this will not be the last revision. Given that the rate stuck at 0.9% in December, the ECB will probably...
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