RBI turns net seller of dollars after a year

Oct 14, 2015 02:26 am UTC| Commentary Central Banks

The Reserve Bank of India stepped in to support the rupee back in August, when the domestic unit along with regional counterparts depreciated in wake of CNY devaluation. The central bank sold USD 1.6bn in August, turning a...

Central Bank of Chile (BCCh) to keep rates unchanged despite recent warning on policy shift

Oct 13, 2015 23:18 pm UTC| Commentary Central Banks

August growth number simply raised the uncertainty about whether the economy has bottomed yet. Simultaneously, it also means that that inflation situation will be the only concern in the near term if the BCCh indeed...

New BOE MPC hire Gertjan Vlieghe is a mild dove

Oct 13, 2015 11:44 am UTC| Insights & Views Central Banks

Newest member of Monetary Policy Committee (MPC) of Bank of England (BOE) Gertjan Vlieghe, today in his first parliamentary hearing sounded as mild dove, though he reiterated majority view that rate hike is likely to be...

Trade War Series

Sniffing a peg break series - HKD peg under pressure, trapped in FED hike and Chinese slowdown

Oct 13, 2015 11:18 am UTC| Insights & Views Central Banks

For almost a month Hong Kong Dollar peg is under strain on the strong side, prompting authorities to intervene in the market. Though, theoretically a central bank can protect a peg, on strong domestic currency side by...

PBoC indicates further policy stimulus

Oct 13, 2015 09:06 am UTC| Commentary Central Banks

China managed a record mainland trade surplus in September, but the impact of the strong headline data was undone by the fact that it was the product of a far larger than expected - 20.4% y/y (in USD terms) drop in...

Bank of Indonesia to remain on hold

Oct 12, 2015 22:57 pm UTC| Commentary Central Banks

The Bank of Indonesia (BI) is expected to remain on hold at its monetary policy meeting in October. Indonesias September CPI printed at 6.83% yoy (the first sub-seven percent inflation in the past five months). Despite...

Riksbank to deal with catch 22 situations of currency depreciation, inflation and wage negotiation

Oct 12, 2015 13:37 pm UTC| Insights & Views Central Banks

Currency pressures The generally negative tone of risk for SEKs traditional status as a risk proxy. The apparent reversal of SEKs relationship with general risk appetite is largely a consequence of the fact it trades as...