Euro grinds lower with stronger signal from Mario Draghi
Nov 20, 2015 08:54 am UTC| Insights & Views Central Banks
European Central Bank chief, Mario Draghi probably giving out the strongest signal possible to give by a central bank chief in an even other than monetary policy announcement. He is clearly signaling that ECB stands ready...
Depo-rate cut may not do much to address Bundesbank buying issues
Nov 20, 2015 08:41 am UTC| Insights & Views Central Banks
Deposit rate cut is almost a guarantee, when European Central Banks (ECB) governing council meet on December 3rd, to take further measures in monetary policies. Market is expecting a combination of moves, which is...
ECB’s October minutes: Examining all options for further action in December
Nov 19, 2015 21:28 pm UTC| Commentary Central Banks
The account of the monetary policy October meeting makes it clear that the Governing Council (GC) was dissatisfied about how monetary policy had so far not been able to deliver a noticeable impact on its final target, i.e....
ECB's deposit rate cut likely in December
Nov 19, 2015 06:04 am UTC| Commentary Central Banks
The ECB meeting in October was quite dovish, as a result, a sharp decline in the EUR/USD is observed. Particularly, the Governing Council re-inserted the likelihood of cutting the deposit rate into the ECBs toolbox. The...
FOMC minutes: Outdated due to the strong jobs report, December hike seems very likely
Nov 19, 2015 00:41 am UTC| Commentary Central Banks
The minutes of the 27-28 October FOMC meeting were more or less as expected and thus the market reaction was limited. Due to the very strong jobs report for October a December hike is more or less a done deal and thus the...
October FOMC minutes: December stays in sight
Nov 18, 2015 23:29 pm UTC| Commentary Central Banks
The October FOMC minutes covered a wide-range of views among the Committee, with arguably a few more dovish comments than the market anticipated. Nonetheless, most Fed officials thought the conditions to hike could well be...
ECB’s account of the monetary policy meeting
Nov 18, 2015 21:27 pm UTC| Commentary Central Banks
The October ECB meeting was more dovish than expected, resulting in a sharp decline in the EUR/USD. Specifically, the Governing Council re-inserted the possibility of cutting the deposit rate into the ECBs toolbox and...