Slower job growth not an obstacle for the Fed

Sep 28, 2015 16:50 pm UTC| Commentary Central Banks

Job growth has been running at an impressive pace since early last year, pushing the unemployment rate from 6.6% to 5.1% - very close to the assumed level of NAIRU (around 5.0%). The rapid job growth has been helped along...

FED’s Dudley rejects criticism over forward guidance reiterates 2015 rate hike

Sep 28, 2015 15:06 pm UTC| Insights & Views Central Banks

William C Dudley, President at New York Federal Reserve, has rejected the criticism that FED is creating more confusion over its rate hike communication. Expectations of rate hike from FED was initially focused on June,...

RBI monetary policy preview

Sep 28, 2015 12:54 pm UTC| Insights & Views Central Banks

Reserve Bank of India (RBI) is expected to announce monetary policy decisions at 5:30 GMT tomorrow, which will follow speech from Governor Raghuram Rajan. After three rate cuts so far this year, market is expecting...

Indian disinflation leads pressures on RBI easing

Sep 28, 2015 12:46 pm UTC| Insights & Views Central Banks

Strong disinflation opens room for further RBI easing, the disinflation in India has been strong and broad-based since H2 2014, reflecting markedly better food price management, sustained idle industrial capacity, lower...

ECB and BoJ may struggle to push effective exchange rates sharply lower

Sep 28, 2015 11:22 am UTC| Commentary Central Banks

Euro area headline and core consumer prices due Wednesday are likely to show that the 19-region consumer prices stagnated in September for the first time in five months, according to a Bloomberg survey. Stalled prices...

Fitch: ECB's optionality on ELA disclosure unhelpful for market

Sep 28, 2015 08:39 am UTC| Research & Analysis Central Banks

The ECBs decision on 16 September to make disclosure of emergency liquidity assistance (ELA) use optional and not mandatory means market participants may remain in the dark about a banks true liquidity position, especially...

A 25bp cut likely from RBI

Sep 28, 2015 07:48 am UTC| Commentary Central Banks

Now that the probability of a Fed hike has shifted to December, the RBI is in a much better position to implement a cut. The other big concern is the progress of monsoon. Despite plentiful rainfall in June, the overall...