Dueling FOMC messengers

Aug 06, 2015 03:33 am UTC| Commentary Central Banks

In an interview yesterday with the Wall Street Journal, Atlanta Fed President Dennis Lockhart gave a very hawkish view of the likely path of FOMC policy. Although speaking for himself and not the FOMC, he said that the bar...

BoJ likely to stay on hold for some time with easing bias

Aug 04, 2015 14:20 pm UTC| Commentary Central Banks

The Bank of Japan (BoJ) will hold its next monetary policy meeting on 6-7 August. The Bank of Japan(BoJ) is likely to maintain its current monetary easing framework, in light of three factors: (1) it is believed BOJ will...

RBA on hold but AUD still heading lower

Aug 02, 2015 21:27 pm UTC| Commentary Central Banks

RBA (Tuesday) is expected to keep the cash rates at a record low of 2%, as strong house prices remain a major obstacle to a further cut. Annualized growth in national house prices accelerated to around 15% over May and...

RBI’s stance to turn more accommodative

Aug 02, 2015 07:47 am UTC| Commentary Central Banks

Reserve Bank of India (RBI) are expected to keep the key policy rates unchanged next week, according to economists at Barclays. However, the RBIs monetary policy stance will likely turn softer withthe risk of one more repo...

Monetary policy divergence starts to widen

Aug 02, 2015 06:15 am UTC| Commentary Central Banks

With Fed/BOE hiking and ECB/BOJ easing,there isan equally marked divergence in monetary policy settings among EM central banks as well with Asia on an easing bias and EMEA and Latin America on a neutral or tightening...

Fed goes slightly more hawkish

Aug 01, 2015 06:52 am UTC| Commentary Central Banks

The FOMC statement was somewhat more hawkish because of the following points. It did not change inflation guidance despite materially lower commodity prices since the June FOMC. That said, gone is reference to how...

Fed looking for only 'some' more improvement

Aug 01, 2015 06:23 am UTC| Commentary Central Banks

The recent U.S. dollar strength is largely a function of Fed policy expectations. Liftoff had previously been pushed out into 2016 due to the U.S. economy stumbling at the start of the year. But, improving economic...