
Denmarks Nationalbank likely to stay on hold
Nov 04, 2015 04:04 am UTC| Commentary Central Banks
In October, Denmarks FX reserves declined to DKK492bn, from DKK514bn in September. DKK10bn of the decline was due to DN purchasing DKK in FX intervention. The remainder was due to repayment of government foreign debt....
Monetary Policy decision: Rouble sets the tone for CBR
Nov 04, 2015 00:45 am UTC| Commentary Central Banks
It was a very close call, but the Central Bank of Russia opted to leave its key interest rate unchanged at 11.00% in October following an accumulative 600bps of cuts since the beginning of the year. The main reason behind...
Nov 03, 2015 23:18 pm UTC| Commentary Central Banks
The money market is not fully priced for a BoE rate hike until early 2017. The latest Reuters survey of economists, however, has a consensus of Q2 2016 for the first move, ahead of the forecast of August 2016. The most...
Fed leaves door to December hike wide open
Nov 03, 2015 21:37 pm UTC| Commentary Central Banks
The FOMC statement released at the conclusion of the October meeting left the door to a December rate hike wide open. The repetition that the Committee would like to see some further improvement in the labour market and...

Pace of Denmark's FX intervention slowed further in October
Nov 03, 2015 16:20 pm UTC| Commentary Central Banks
Denmark has just published Octobers FX reserve and central bank balance sheet. In October, the FX reserve declined to DKK492bn, from DKK514bn in September. DKK10bn of the decline was due to DN purchasing DKK in FX...
Danish central bank will not track ECB rate cut
Nov 03, 2015 15:32 pm UTC| Commentary Central Banks
The ECBs Governing Council has once again opened the floodgates for monetary easing. Even if the ECB chooses to slash its deposit rate in early December, economists do not expect the central bank to follow suit with a CD...
Synchronized central bank stimulus sets off global market rally
Nov 03, 2015 15:11 pm UTC| Commentary Central Banks
Economists have seen this all before as fundamentals deteriorate, central banks act. It happened in third quarter 2012. With earnings growth expectations negative, the Federal Reserve stepped in with a third round of...