UK's first hike not around the corner yet

Oct 09, 2015 03:48 am UTC| Commentary Central Banks

While UK inflation stood at zero in August and reflects unusually low contributions from energy, food and imported goods prices, also core inflation remains subdued at around 1%. The low core number is influenced both by...

BoE October MPC: Global backdrop warrants greater caution

Oct 08, 2015 23:55 pm UTC| Commentary Central Banks

The BoE kept its policy stance unchanged, and the balance of voting remained at 8 against 1 in favour of the status quo. The minutes of the meeting were fairly balanced, if not somewhat more dovish than anticipated, with...

FOMC minutes: Global worries kept Fed from hiking rates in September

Oct 08, 2015 23:41 pm UTC| Commentary Central Banks

The FOMC minutes were mixed as one might expect at a meeting where the decision was such a close call. On the one hand most participants felt the conditions for hiking had been met or would likely be met by the end of the...

Fed hikes are postponed but China risks remain

Oct 08, 2015 15:03 pm UTC| Commentary Central Banks

The need for caution is higher now after the market squeeze post-NFP, which likely leads to a worse positioning backdrop. We have generally been inclined to fade the excessive short-term bearishness in EEMEA FX since...

FxWirePro: GBP/USD drops towards 1.5300 on dovish MPC minutes, sell rallies

Oct 08, 2015 11:38 am UTC| Technicals Central Banks

GBP/USD rejected at 1.5372, slips towards 1.5300 on dovish UK CPI forecast via MPC minutes. BoE on hold in 8-1 vote as expected, giving no indication it is any closer to raising rates The c.bank said annualized...

Key highlights from BOE monetary policy and minutes

Oct 08, 2015 11:25 am UTC| Insights & Views Central Banks

Bank of Englands monetary policy committee (MPC) chose to keep monetary policy steady for 6 years and 8 months with interest rates at record low 0.5%. Last time policy rate was changed dates back in February 2009, when...

BoJ to wait-and-see until end-Oct for additional QQE measures

Oct 08, 2015 10:35 am UTC| Insights & Views Central Banks

The Bank of Japan has kept monetary policy on hold at its meeting on 6-7 October, and maintained its overall economic assessment in the policy statement. The c.bank acknowledged risks from a slowdown in emerging markets...