Key extracts from FED chair Yellen’s speech

Sep 25, 2015 11:07 am UTC| Insights & Views Central Banks

US Federal Reserve chair Janet Yellen last night gave speech on inflation dynamics and monetary policy at university of Massachusetts, Amherst. Due to not feeling well over dehydration, madam chair hasnt been able to...

Fiscal headwinds to weigh on Cable over the coming year

Sep 25, 2015 11:06 am UTC| Insights & Views Central Banks

Risks to Britains financial stability have risen over the past three months, driven by developments in China and other emerging markets. The combination of low inflation, the consequent rise in real interest rates and GBP...

BOE sees China reforms challenging due to rapid debt build-up

Sep 25, 2015 09:03 am UTC| Commentary Central Banks

The Bank of England sees increased risks stemming from the emerging markets as spreads on the sovereign and corporate bonds in those economies have risen while currencies have fallen, the FPC statement showed on...

BCB intervenes successfully to stabilize BRL

Sep 25, 2015 07:47 am UTC| Commentary Central Banks

Brazils central bank governor Alexandre Tombini and Finance Minister Joaquim Levy pointed out that the Banco Central (BCB) would use its FX reserves to prevent a further collapse of the real (and thus the deterioration of...

BoC’s growth forecast for Q3 face significant risk

Sep 25, 2015 05:21 am UTC| Commentary Central Banks

Retail sales volumes were up by a somewhat mild 0.2% m/m. Housing starts were sharply higher at 216,900 from 193,300 the prior month. The fact that this was led by a roughly 20% m/m rise in multi-housing units that carry...

Taiwan's central bank cut policy rate for the first time in six years

Sep 25, 2015 01:56 am UTC| Commentary Central Banks

Taiwans central bank cut rates by 12.5bps yesterday, taking the benchmark discount rate to 1.75% from 1.875%. The widening of a negative output gap, easing of inflation expectations and relatively high real interest rates...

Bank of Israel decided to keep base rate on hold

Sep 24, 2015 21:23 pm UTC| Commentary Central Banks

The Bank of Israel (BoI) decided to keep its base rate on hold at 0.10%, in line with expectations. The BoI staff has lowered both its inflation and growth forecasts substantially since its June forecasts. Notwithstanding,...