A truncated Fed due to US growth concerns could be traumatic

Sep 22, 2015 17:53 pm UTC| Commentary Central Banks

If the Feds upcoming tightening cycle were to be abridged because US growth tipped lower, unable to cope with the strain of even a modest sequence of interest rate hikes it would, at best, be problematic and, at worst,...

Despite the hawkish Fed, USD weakness ahead

Sep 22, 2015 17:27 pm UTC| Commentary Central Banks

We are witnessing the dying embers of a USD rally that once burned so bright, and we may be on the cusp of a weakening USD trend. The baseline view is that once the hawkish consensus falters the USD will weaken. The...

CNB's risk of later exit from FX regime increases

Sep 22, 2015 12:50 pm UTC| Commentary Central Banks

The central bank of Czech Republic is currently satisfied with its monetary policy. Therefore, no change is expected on moetary policy at the upcoming meeting of the banks board. The key interest rate remains at technical...

Risk of a delay in BOE hiking cycle likely if Fed holds rates longer

Sep 22, 2015 11:20 am UTC| Insights & Views Central Banks

The U.S. central bank held fire on its first rates rise in more than nine years. A rate rise is not expected to happen until next year in the wake of a global stock market sell-off triggered by economic turmoil in China....

Russian central bank tops up its gold reservesin August

Sep 22, 2015 09:41 am UTC| Commentary Central Banks

The obvious discrepancy between the monetary policy paths followed by the two major central banks should also be reflected in the EUR-USD exchange rate and help the US dollar to appreciate. In turn, this should preclude...

Central bank meetings in Turkey and Hungary unlikely to bring change

Sep 22, 2015 09:27 am UTC| Commentary Central Banks

Turkish and Hungarian CenBank rate meetings is scheduled today. Both central banks are likely to leave policy unchanged this month. A rate hike was expected from Turkeys central Bank this month had the Fed lifted off, but...

Non-aggression pact between Germany and the ECB

Sep 22, 2015 07:50 am UTC| Commentary Central Banks

On the political side, conditions in Germany could hardly be more stable. Nothing points to a premature end to the Grand Coalition government formed by Angela Merkels Conservative Party and the Social Democrats. The...