RBA confronting riskier outlook

Sep 01, 2015 04:30 am UTC| Commentary Central Banks

A lot has happened since the RBAs August meeting, the net effect of which must have been to make the RBA board a good deal more concerned about downside risks to the outlook. To a large extent these risks emanate from...

Poland's new monetary policy strategy for 2016

Sep 01, 2015 03:49 am UTC| Commentary Central Banks

Polands MPC is expected to announce the new Monetary Policy Guidelines for 2016 in September (probably after the September MPC meeting). The possibility that the council will change the inflation target cannot be ruled...

Poland's July MPC minutes not so dovish

Sep 01, 2015 03:49 am UTC| Commentary Central Banks

According to the July NBP minutes, the majority of council members want rates to stabilise at the current level. They wrote in the minutes that in the coming years inflation was likely to gradually rise towards the target,...

Rising pressure on a reluctant RBA to ease further

Aug 31, 2015 22:58 pm UTC| Commentary Central Banks

The market has increased pricing of the risk of further easing due to the transmission of weaker regional growth. The AUD may need further depreciation on a TWI basis considering the current pressure on the terms of trade....

Unchanged Euro area inflation is set to reduce pressure on ECB

Aug 31, 2015 14:55 pm UTC| Commentary Central Banks

Euro area HICP inflation was unchanged at 0.2% y/y in August against consensus expectations of a small decline to 0.1% y/y. Core inflation was unchanged at 1.0% y/y, which was also better than expected as consensus was for...

Oil traders take breather after weekly rally, Brent below $49

Aug 31, 2015 09:21 am UTC| Central Banks

Oil prices fell sharply on Monday, taking a breather after booking strong gains over the previous trading week, but heading for another monthly fall amid worries over China and the ongoing supply glut.WTI futures fell...

BCB close to end its tightening cycle

Aug 31, 2015 07:24 am UTC| Commentary Central Banks

The key addition to the Banco Central do Brasils(BCB) usual short post-Copom statement at the July meeting was - The Committee understands that the maintenance of this basic interest rate level, for a sufficiently long...