Fed signals a soon lift off

Oct 29, 2015 09:01 am UTC| Commentary Central Banks

The Fed clearly prepared the markets for a lift-off in December yesterday. Fed, which, up to yesterday, had not really communicated well in recent times. But that has changed. The Fed made only minor ad-justments to its...

Which central bank is the most expansionary?

Oct 29, 2015 08:57 am UTC| Commentary Central Banks

Who is the most expansionary of all the central banks? The ECB looks set to take additional measures in December. This week, its already done by the Riksbank while Norway had seen it in September. BoJ and RBA might also...

RBNZ remains on sidelines, but prefers weak NZD

Oct 29, 2015 08:55 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand did not cut its key rate yesterday night. However, its statement clearly suggests that the recent NZD appreciation is undesirable and might result in a rate cut after all if it is...

Fed's rate hike likely in imminent future

Oct 29, 2015 07:32 am UTC| Commentary Central Banks

The Fed left the door open for a rate hike in December as it dropping its previous warning about the risk global economic and financial development posed to the US economy and repeated that economic activity is expected to...

More BoJ easing likely in near future

Oct 29, 2015 07:01 am UTC| Commentary Central Banks

There is no fixed time for the BoJ policy announcement tonight. It is typically 12:00 to 13:00 local time (03:00 to 04:00 GMT), though has run on considerably longer on some occasions, particularly if the decision is...

If BoJ stands pat, USD/JPY lower, but still supported medium term

Oct 29, 2015 06:32 am UTC| Commentary Central Banks

Even if the BoJ stays on hold as expected at the upcoming meeting, it probably needs to revise both its growth and inflation outlook, as well as its projected timeline (around 1H FY16) for achieving the price stability...

Fed pries door open for December hike

Oct 29, 2015 04:53 am UTC| Commentary Central Banks

The pretty clear-cut change in the forward-looking portion of the statement suggest that the 2015 hikes are not off the table as far as the Fed is concerned. While this decision will continue to be development-dependent,...