Japan's inflation likely to stay muted, underscores need for further BoJ support

Sep 21, 2015 10:48 am UTC| Insights & Views Central Banks

Japans August consumer inflation data is scheduled for release on Friday and is widely expected to stay flat. The data is likely to underscore the need for BoJ to offer fresh fiscal and monetary support to bolster a...

PBoC orders banks to tighten supervision on clients’ FX deals

Sep 21, 2015 07:08 am UTC| Commentary Central Banks

Local media reported that PBoC orders banks to tighten supervision of their clients FX deals. Fees for some banks to settle clients FX deals in domestic market raised to as high as 0.3% (vs 0.002%-0.003% for most banks),...

Net take-up of €45bn for ECB's fifth TLTRO

Sep 21, 2015 05:20 am UTC| Commentary Central Banks

The ECB conducts the fifth TLTRO programme on 24 September. The outstanding loans to the non-financial private sector (excluding housing loans) would increaseby 45bn per quarter over the 2015-16 period. The TLTRO...

Risks of rate cut underestimated in Taiwan

Sep 21, 2015 01:47 am UTC| Commentary Central Banks

This weeks central bank meeting will be interesting to watch. While the market consensus expects Taiwans central bank (CBC) to hold rates steady at 1.875%, the risk of a surprise rate cut to 1.75% shouldnt be...

Norges Bank tentatively on hold but signal one more cut in Q4

Sep 20, 2015 21:13 pm UTC| Commentary Central Banks

The Norges Bank is expected to keep policy unchanged at its September meeting (consensus: 1.00%), despite Norways weak near-term growth outlook. Three reasons are identified for why Norges Bank may stay its hand. First,...

Euro area PMIs to moderate ahead of likely further ECB action

Sep 20, 2015 20:15 pm UTC| Commentary Central Banks

The euro area flash composite PMI (Wednesday) is expected to moderate slightly in September to 54.1 (consensus: 54.0; last: 54.2), as the manufacturing and services sectors post slight declines to 52.0 (consensus: 52.0)...

RBNZ likely to pause in October

Sep 18, 2015 05:33 am UTC| Commentary Central Banks

After considering this weeks events, the timing of OCR cutsis expected. The Reserve Bank is expected to pause at 2.75% at its 29 October review, before delivering further rate cuts in December, January and March. A 2%...