Australian exchange rate about where the RBA wants it

Oct 30, 2015 06:32 am UTC| Commentary Central Banks

Over the three months since the August forecasting round, Australian exchange rate has continued to ease, albeit moderately, owing to a small rebound in October which partly reversed the sizable drop of...

BoE's first rate hike likely in Q2 17

Oct 30, 2015 06:26 am UTC| Commentary Central Banks

The Bank of England will have its own Bonfire Night party on 5 November with the November interest rate decision, the Minutes of the meeting and the Inflation Report and press conference. However, judging from the...

Australia's growth forecast looks on track

Oct 30, 2015 06:22 am UTC| Commentary Central Banks

The November RBA Board meeting is, along with the February, May and August meetings, of special significance, because it includes the discussion of new comprehensive forecast revisions, which can trigger a change of...

ECB likely to revise its optimistic views of a sizeable recovery

Oct 30, 2015 06:15 am UTC| Commentary Central Banks

Resilient Euro economy in the near term, but the lending channel is not working. The flow of data over the past two weeks has proven better than expected. The euro area continues to show resilience, helped by robust...

Likelihood of ECB's December action rising

Oct 30, 2015 06:06 am UTC| Commentary Central Banks

Last week after the ECB meeting, a December move was seen as less likely, but still very possible, than a March 2016 move. A series of developments (dovish tone from ECB board members, weakness in credit dynamics, Fed...

Mexico monetary policy on hold, inflation should be close to 3% in 2016

Oct 29, 2015 21:03 pm UTC| Commentary Economy Central Banks

Banxico decided to maintain the reference rate at 3.00% as expected. The press release highlights that the balance of risks to growth has worsen since the previous meeting while the inflation outlook remains the same,...

Russia’s central bank to cut the key rate by 50bp

Oct 29, 2015 20:49 pm UTC| Commentary Central Banks

Russias central bank (the CBR) will announce its monetary policy decision this friday at 11.30 CET. The key rate is expected to be lowered by 50bp to 10.50%, while consensus is split between a 50bp cut and no change. It is...