75% probability of Fed's rate hike in March 2016
Oct 27, 2015 04:31 am UTC| Commentary Central Banks
The Fed is likely to deem its communication at the October meeting a success if markets stay broadly unchanged following the release. Whether it will succeed in this is up to the exact wording in the...
How Fed chooses to describe the latest economic developments?
Oct 27, 2015 04:23 am UTC| Commentary Central Banks
FOMC member Jeffrey Lacker is expected to dissent again this week and advocate a rate hike. The key phrases to watch are, first, the description of global economic and financial developments, which in September were...
PBoC's rate corridor at the short end
Oct 27, 2015 04:20 am UTC| Commentary Central Banks
The PBoC has several instruments for managing short-term liquidity, bank reserves, open market operations (OMOs), including short-term liquidity operations (SLOs), and standing lending facilities (SLFs). The rates on these...
Fed's all doors likely to be kept open
Oct 27, 2015 04:17 am UTC| Commentary Central Banks
Recent Fed comments have underlined the divergence in views on monetary policy within the FOMC. In particular, the two board members Lael Brainard and Daniel Tarullo delivered dovish comments in their speeches two weeks...
Poland's monetary policy likely to be changed
Oct 27, 2015 04:02 am UTC| Commentary Central Banks
Polish Parliament is likely to meet within 30 days for its constitutive session (November 24 at the latest). At the session, the current government hands in its formal resignation. The president then orders the leading...
Impact of ILS strength on Israel economy
Oct 27, 2015 03:44 am UTC| Commentary Central Banks
The BoI appears to be particularly concerned about the economic impact of ILS strength. The statement notes the ILS appreciated last month, and the cumulative appreciation this year is 5.9%. As per the statement, this is...
Worries about Israel's deflation and tepid growth likely put BoI on hold
Oct 27, 2015 03:42 am UTC| Commentary Central Banks
The Bank of Israel (BoI) kept its 0.10% base rate on hold, as expected. The BoI has no appetite to loosen monetary policy under the current circumstance even though it remains concerned about the very low inflation level,...
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