PBoC's further rate cut likely in near future
Nov 24, 2015 09:08 am UTC| Commentary Central Banks
The industrial profits in state-owned enterprises (SOEs) of China are fallen by 9.2% y/y YTD in October. Corporate indebtedness has raised the credit concerns among commercial banks and poses a significant downside risk to...

ECB to take an accommodative stance on monetary policy
Nov 24, 2015 06:26 am UTC| Commentary Central Banks
Euro areas both monetary policy and the fiscal stance will be accomodative. The final October HICP report indicates that there is only an upward revision. ECBs October meeting minutes did not consist any critical new...

Chinese authorities likely to cap USD/CNY at 6.40 before SDR decision
Nov 24, 2015 05:06 am UTC| Commentary Central Banks
USD/CNY rate was fixed at 6.3867 by PBoC yesterday, this is the highest since August ending, which is an upside surprise to the market. This higher rate drove sell-off flows in CNY and CNH and the spread between both...
No further BI easing expected in 2015
Nov 24, 2015 00:11 am UTC| Commentary Central Banks
Potential Fed rate hike in December the constraint to easing. Better current account data, contained inflation and a recovering currency have provided BI with the previously elusive opportunity to shift its focus to growth...
Hawkish Liikanen turns dovish ahead of ECB December meeting
Nov 23, 2015 11:07 am UTC| Insights & Views Central Banks
European Central Banks (ECB), governing council member and Governor of Finnish Central Bank Erkki Liikanen seem to have transformed himself as a dove heading into much awaited December meeting next week. Finnish...

Nov 23, 2015 11:06 am UTC| Technicals Central Banks
The fact that the Fed is looking to hike rates in the same month that the ECB is preparing to increase its stimulus could suggest opening of the floodgates for another drop in the value of EUR/USD. ECB President Mario...
Watch out for FED’s mysterious closed door meeting today
Nov 23, 2015 10:34 am UTC| Insights & Views Central Banks
US Federal Reserve all out of the blue announced a closed door meeting under expedited procedure at boards office in Washington to be held today at 11:30 am Eastern Standard Time (EST). No major details are provided...