Currency War Series

Outcome at ECB Dec meeting likely to be a combination of increase in QE and deposit rate cut

Oct 23, 2015 10:07 am UTC| Insights & Views Central Banks

ECB Governing Council meeting on Thursday was a currency war of words and inaction, where President Draghi has once again demonstrated his ability to bring forward the benefits of ECB activism. Although the ECB Governing...

Currency War Series

G10 reacts to ECB

Oct 23, 2015 07:27 am UTC| Commentary Central Banks

Yesterday, ECB President Mario Draghi prepared the markets for an extension of the ECBs quantitative easing. The FX market was also impacted by the fact that Draghi seems to regard the exchange rate channel as the only way...

Riksbank likely to lower repo rate by 10bp in December

Oct 23, 2015 06:17 am UTC| Commentary Central Banks

In the past couple of years Sweden GDP growth has been driven by domestic sectors thriving on the back of a long-standing property market boom and strong migration inflows. Although with some signs of improvement, the...

BoE's rate hike likely in Q1, 16

Oct 23, 2015 05:51 am UTC| Commentary Central Banks

The Monetary Policy Committee (MPC) of BoE remains split with an 8-1 vote on whether to keep the Bank Rate unchanged or raise it immediately. Minutes from the 8 October meeting indicate that most MPC members are not...

ECB prepares easing package for December

Oct 23, 2015 05:43 am UTC| Commentary Central Banks

Draghi pointed towards action at the next ECB policy meeting by saying the degree of monetary policy accommodation will need to be re-examined at the December monetary policy meeting, when the new Eurosystem staff...

Deposit rate cut back in ECB's toolbox

Oct 23, 2015 05:38 am UTC| Commentary Central Banks

To boost the ECBs toolbox, the ECB also reinserted the deposit rate as a possible instrument to be used. While last years assessment suggested that the effective lower bound for rates had been reached, the view now, due to...

Fed's rate hike uncertainty persists amid soft economic data

Oct 23, 2015 05:32 am UTC| Commentary Central Banks

At the conclusion of the September FOMC meeting of Fed, the Committee expressed great concern that risks surrounding the growth and inflation outlook of the United States- then still viewed a nearly balanced - could become...