CBR likely on hold as RUB weakens

Oct 29, 2015 03:21 am UTC| Commentary Central Banks

It would be premature for the Bank of Russia (CBR) to cut at this time. Inflation remains elevated at 15.7% y/y in September and it is expected to stay at the same level in October. Weekly inflation has picked up slightly...

Abrupt SEK appreciation remains a concern for Riksbank

Oct 29, 2015 03:15 am UTC| Commentary Central Banks

The Riksbank remains concerned about an abrupt SEK appreciation and is pencilling a softer pace of SEK effective exchange rate appreciation over the forecast horizon. A prolonged period of SEK strength remains a key...

Kiwi swings as RBNZ keeps rates on hold; signals more easing

Oct 29, 2015 03:03 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand (RBNZ) kept the cash rate on hold at 2.75% on Thursday, citing improved consumer and business confidence after recent dairy price rises, but signalled that further easing remained on the...

Riksbank likely to make policy more accomodative

Oct 29, 2015 03:00 am UTC| Commentary Central Banks

An additional 10bp repo rate cut in December after the ECB policy meeting, but remain of the view that the Riksbank is close to the end of its easing cycle. Given the expectations for a time expansion of ECB QE in...

Riksbank expands QE and signals more

Oct 29, 2015 02:54 am UTC| Commentary Central Banks

The Riksbank kept its repo rate unchanged at -0.35% and decided to expand its QE programme, broadly in line with expectations. Citing considerable global uncertainty and rising expectations that central banks abroad...

Fed and ECB return focus to monetary policy divergences

Oct 29, 2015 02:01 am UTC| Commentary Central Banks

The FOMC statement, yesterday, renewed expectations for a US rate lift-off in December and lifted the USD higher. The Fed removed the reference of global economic and financial developments restraining economic activities...

Global easing bias remains, despite prospect of Fed tightening

Oct 28, 2015 17:22 pm UTC| Commentary Central Banks

While the FOMC meeting will presumably have concluded with no change in policy, economists continue to expect US interest rates to be raised more than the markets anticipate in 2016 and beyond. Nonetheless, this prospect...