RBNZ's OCR outlook beyond September

Sep 04, 2015 03:11 am UTC| Commentary Central Banks

Sooner or later, the RBNZ will cross the 2.5% threshold. New Zealand is entering a significant economic slowdown at a time when core inflation is already well below the RBNZs target, meaning monetary policy has a great...

RBI to cut repo rate in September

Sep 04, 2015 03:04 am UTC| Commentary Central Banks

The recent drop in Indias CPI inflation should help to assuage inflationary concerns at the central bank. In its latest monetary policy statement in early August, the Reserve Bank of India (RBI) noted that risks to...

BoJ to expand asset purchases this month?

Sep 03, 2015 22:01 pm UTC| Commentary Central Banks

Risk aversion buoyed the cheap JPY (REER) over the past month thanks to Japans current account surplus, but concerns that Chinas slowdown may delay the return of inflation to 2% may prompt the BoJ to expand its QQE...

China FX reserves of $3.65trln to support Chinese Yuan

Sep 03, 2015 20:28 pm UTC| Commentary Central Banks

The August Caixin mfg PMI fell to 47.3 the lowest since March 2009, stoking fresh investor fears of a hard economic landing. The 40% drop in the Shanghai composite since June has sparked a global market malaise. The PBoC...

Central bank of Russia on alert to counter market instability

Sep 03, 2015 20:18 pm UTC| Commentary Central Banks

Global risk aversion and the fall in oil prices have pushed the RUB below 70 per USD. The possibility of a rate hike by the CBR is not ruled out and this has prompted to initiate a 1y cross-currency payer trade at 13.05%...

How much of the war chest has the PBoC depleted?

Sep 03, 2015 17:17 pm UTC| Commentary Central Banks

The PBoC appeared to be heavily active in the spot market after the currency regime change on 11 August in order to stabilize the CNY. Onshore CNY trading volume almost doubled in the 15 trading days following 11 August,...

Key extracts from ECB press conference

Sep 03, 2015 13:42 pm UTC| Insights & Views Central Banks

European Central bank chose to keep policy unchanged, however pushed Euro down with its outlook and views. Euro is down from 1.123 against Dollar, before press conference to 1.115 as of now. Key highlights Weaker...