BOC rate cut bet rises after Norges Bank surprises with rate cut
Sep 24, 2015 15:39 pm UTC| Insights & Views Central Banks
Norways Norges bank surprised markets today with a rate cut of 25 basis points, pushing Krone lower against almost all currencies. Krone is currently trading at against Dollar, down % for the day so far. Norways actions...

Path of ECB policy a likely worry for SNB
Sep 24, 2015 11:13 am UTC| Insights & Views Central Banks
The Swiss National Bank delivered its monetary policy announcement on Sept 17th, where it left the policy mix unchanged as broadly expected, in an effort to rein in the Swiss franc, which it said remained significantly...
Taiwan CBC likely to keep benchmark rates unchanged
Sep 24, 2015 11:02 am UTC| Commentary Central Banks
In todays statement, the CBC pointed out that with inflation in negative territory, real interest rates in Taiwan were still relatively high, an indication to us that the bank can still ease (towards the post-Lehman low of...
Norges Bank cut its rate, this is not likely to be the last
Sep 24, 2015 10:30 am UTC| Commentary Central Banks
NOK weakened significantly on todays decision and is already much weaker than Norges Banks Q4 forecast for import weighted NOK (I-44). Norges Banks forecast is 104,5 and currently I-44 is 107,6. This strengthens the case...
China's FX intervention unlikely to sustain
Sep 24, 2015 09:22 am UTC| Commentary Central Banks
The Chinese authorities may have bought some time by implementing macroprudential measures to make it more costly and difficult for domestic entities to buy USD, but the efficacy of such measures will likely fade over time...
RBI does everything to glitter INR but pressurized from external macros
Sep 24, 2015 08:50 am UTC| Insights & Views Central Banks
The Indian rupee has been relatively insulated from external pressures from US monetary policy and China. A narrowing in Indias current account deficit from 2013 levels, lower crude oil prices (India is heavily reliant on...
BCB intervention likely to prevent BRL weakness?
Sep 24, 2015 07:40 am UTC| Commentary Central Banks
BCB finally intervened yesterday to stem the pace of BRL depreciation by auctioning 20,000 contracts (2 bln USD notional value) of FX swaps. In truth, BCB had little alternative, USD-BRL traded above 4.14 whilst...