Currency War Series

ECB likely to expand asset purchases beyond September 2016

Dec 03, 2015 08:34 am UTC| Commentary Central Banks

Headline inflation gave a downward surprise and stayed at 0.1% y/y in November. The inflation rate for services in euro area fell to 1.1% inNovember in compare to 1.3% in previous month. Similarly, core inflation declined...

Currency War Series

Brazil Copom minutes to throw light on divided rate decision

Dec 03, 2015 07:36 am UTC| Commentary Central Banks

Brazil Central Banks decision to leave the SELIC rate stable at 14.25% in recent Copom meeting was as predicted. This decision was not unanimous however, with six members voted for it and two voted against it and were in...

Currency War Series

Danish central bank unlikely to track ECB’s rate cut

Dec 03, 2015 07:24 am UTC| Commentary Central Banks

In last month, the Danish central bank intervened in the FX market by purchasing total amount of DKK 230bn, and thereby reduced its currency reserve to DKK 484bn at present. The governing council of the ECB scheduled to...

Currency War Series

ECB likely to cut deposit rate at today’s meeting

Dec 03, 2015 06:56 am UTC| Commentary Central Banks

The ECB has given a hint of adjusting its asset purchase program along three tools, such as time commitment, pace, and composition. A change in time and pace may be expected, but it is a less effective toll to influence...

Yellen's speech strongly signals beginning of rate-hiking cycle in December

Dec 03, 2015 05:34 am UTC| Commentary Central Banks

US Federal Reserve Chair person Jannet Yellen started her speech discussing the cumulative progress made in reaching Feds dual mandate and spoke about substantial improvement in labor markets. She said the committee stays...

ECB's September projection of core inflation rise in 2016 at risk?

Dec 03, 2015 04:12 am UTC| Commentary Central Banks

Euro zones November underlying price momentum, which is based on inflation rate without the volatile prices for energy, food, alcohol and tobacco declined to 0.9% again. This brings in a risk of unlikeliness in the ECBs...

November CPI affirms ECB action today

Dec 03, 2015 02:47 am UTC| Commentary Central Banks

November inflation (advance) reinforced expectations that the European Central Bank (ECB) will embark on further monetary stimulus today. Headline inflation rose 0.1% YoY, steady from month before but below expectations....