Policy decision: Banxico to meet and hold

Oct 25, 2015 23:28 pm UTC| Commentary Central Banks

In Mexico the focus of the market will be on Thursdays Banxico meeting. A stable inflation outlook, the moderate pace of economic activity ,and restrained FX pass-through, coupled with the delay in Feds hiking cycle should...

Canada's fiscal policy on sight

Oct 25, 2015 22:41 pm UTC| Commentary Central Banks

Last week the Liberal party obtained a surprising majority in Canadas election. With the economy as an important focus of the campaign, the party won on promises of additional infrastructure spending to help boost the...

RBNZ to pause cutting rates

Oct 25, 2015 22:21 pm UTC| Commentary Central Banks

The RBNZ is expected to keep rates steady at 2.75% on 29 October and resume cutting rates on 10 December, when the bank next updates its economic outlook. The RBNZ has cut rates three times in a row and it is likely to...

ECB tilts the odds towards additional Riksbank easing by year-end

Oct 25, 2015 22:00 pm UTC| Commentary Central Banks

Last weeks ECB policy meeting has important ramifications for future Riksbank policy. Given the expectations for a time-extension of ECB QE, followed by a likely deposit rate cut in 2016, an increased likelihood is seen...

Looking for signs from the Swiss National Bank

Oct 25, 2015 21:29 pm UTC| Commentary Central Banks

More policy accommodation by the ECB in the coming months will likely add pressure to the SNB and increase market speculation regarding further policy measures. Indeed the SNB is expected to step up FX purchases should the...

Looking for the BoJ to ease further, but it is a close call

Oct 25, 2015 21:15 pm UTC| Commentary Central Banks

Disappointing economic data, a risk of another technical recession, a flat Philips curve, and weak corporate inflation outlook led to some market expectations for further easing at this weeks BoJ meeting. Economists calls...

ECB pares the way for more QE by year-end, expect further EUR downside

Oct 25, 2015 20:25 pm UTC| Commentary Central Banks

The ECB surprised markets last week, strongly hinting additional policy stimulus at its December meeting, when the committee updates its economic projections. A time extension of the PSPP program by 6-9 months is the most...