
Fed hike uncertainties to weigh on greenback
Aug 26, 2015 07:15 am UTC| Commentary Central Banks
The suspicion that the Fed might postpone the generally expected imminent rate hike has put considerable pressure on the greenback. Adjusted by the risk-off effect, there is now 3% USD weakness since the CNY shock. Of...
Financial markets force PBoC to ease
Aug 25, 2015 20:48 pm UTC| Commentary Central Banks
Peoples Bank of China (PBoC) today cut its leading interest rate by 25bp and the reserve requirement ratio (RRR) for commercial banks by 50bp. This was the fifth interest rate cut since November last year. The one-year...

The cost of China's currency stabilisation
Aug 25, 2015 16:31 pm UTC| Commentary Central Banks
The PBoC cut the RRR for all banks by 50bp and offered additional reductions for leasing companies (300bp) and rural banks (50bp). All these will take effect as of 6 September, and the total amount of liquidity injected...

PBoC did as had to do, more to come
Aug 25, 2015 16:23 pm UTC| Commentary Central Banks
The PBoC announced a cut to the RRR for all banks by 50bp, effective as of 6 September. This move is absolutely necessary to reverse the passive liquidity tightening caused by FX intervention and therefore much...

Prominent names call for QE4 from FED
Aug 25, 2015 16:15 pm UTC| Insights & Views Central Banks
Dont doubt it, you are reading it right. Recent financial market turmoil, dented confidence so much that some big names in the industry going further to doubting rate hike from US Federal Reserve next month to call for...

PBoC’s stimulus unlikely to do much to prevent market turmoil
Aug 25, 2015 14:15 pm UTC| Insights & Views Central Banks
It may prove unwise to rely on Peoples Bank of Chinas (PBoC) measures to pop up financial markets. Sell offs already showed signs of reverse before the stimulus was announced. SP 500 jumped back sharply from 1830 area to...

Wave of stimulus measures from PBoC in bid to recover economy
Aug 25, 2015 12:16 pm UTC| Insights & Views Central Banks
Peoples Bank of China (PBoC) announced measures today to help the ailing economy to recover. PBoC reduced 1 year lending rates by 25 basis points to 4.6%. 1 year deposit rates were reduced by 25 basis points to...