CNB to revise EUR/CZK floor

Nov 09, 2015 07:58 am UTC| Commentary Central Banks

Recently, CNB has revised its inflation projection path lower through 2016, and while the CNB still forecasts inflation to reach the 2% target at the end of its forecast horizon, this does not seem like genuine...

Bank of France October business sentiment to perform well

Nov 09, 2015 04:45 am UTC| Commentary Central Banks

Business sentiment indicator of the Frances central bank is likely to release today. The French flash services PMI figure was revised upwards from 52.3 to 52.7 last week. The business sentiment indicator of the central...

Bank of France business sentiment to improve in October

Nov 09, 2015 00:29 am UTC| Commentary Central Banks

The French services PMI was revised upwards last week from the flash figure (from 52.3 to 52.7), and the Bank of France business sentiment indicator is expected to follow suit, rising from 97 to 98 for October. Increased...

Sweden inflation data and Riksbank minutes released

Nov 08, 2015 22:59 pm UTC| Commentary Central Banks

The Riksbanks negative rate policy is proving effective in stabilizing medium-term inflation expectations and has recently fuelled an uptick in inflation. CPIF seen averaging around 1.65% y/y in H1 2016, slightly below the...

Dovish BoE and soft employment report keeping GBP under pressure

Nov 08, 2015 21:58 pm UTC| Commentary Central Banks

Last weeks BoE communication was dovish, highlighting the MPCs anxiety about the external environment, particularly in EM economies and the downside risks it poses to the UKs domestic outlook. The Bank revised its growth...

Improving EA data unlikely to deter ECB from further easing

Nov 08, 2015 21:40 pm UTC| Commentary Central Banks

The EUR underperformed last week as a plethora of US data, including last Fridays employment report and recent Fed speak, increased market expectations for a December Fed rate hike. Furthermore, more policy accommodation...

FOMC to begin the monetary normalization process

Nov 08, 2015 21:29 pm UTC| Commentary Central Banks

The USD is poised to resume its upward trend as markets continue re-pricing further hikes for the Fed for 2016. Although the probability of a December liftoff is very high (90%), Fed Funds implied probability of increasing...