RBA to stand pat in Oct policy meet, weakness expected in exchange rate

Oct 05, 2015 11:19 am UTC| Insights & Views Central Banks

Australias current cash rate stands at a record low of just 2 percent after the RBA slashed rates by 25 basis points, or 0.25 per cent, in both February and May this year. Market and most analysts believe interest rates...

Policy on hold, but the RBA may tweak its views on the global economy

Oct 04, 2015 21:03 pm UTC| Commentary Central Banks

The RBA (Tuesday) is expected to keep the cash rate unchanged at a record low of 2% given that the Governor recently said he was pretty content with current policy. However, the accompanying press release may be tweaked to...

Further BoJ easing expected in October

Oct 04, 2015 20:52 pm UTC| Commentary Central Banks

Deteriorating growth and weakening inflation outlook in Japan increased the pressure for the BoJ to act early. With regards to specific easing measures, the BoJ is expected to 1) increase the annual pace of monetary base...

BoE on hold but may want to tailor expectations somewhat

Oct 04, 2015 20:34 pm UTC| Commentary Central Banks

The BoE is expected to keep the Bank Rate and asset purchase decision unchanged at its October meeting (Thursday) in line with market expectations. Nonetheless, it is believed that the tone of the MPC from the release of...

ECB minutes in search of strong signals regarding further stimulus

Oct 04, 2015 20:24 pm UTC| Commentary Central Banks

Amid a relatively light data calendar in Europe, the release of the ECBs September policy meeting minutes will attract market interest. The focus will be on potential options discussed by the GC to ease policy further....

Pace of Denmark's FX intervention slowed in September

Oct 02, 2015 16:01 pm UTC| Commentary Central Banks

Danmarks Nationalbank (DN) has just published Septembers FX reserve and central bank balance sheet. In September, the FX reserve declined to DKK 514bn from DKK 536bn in August. DKK 22bn of the decline was due to DN...

Euro area back in deflation,pressure on the ECB to do more

Oct 02, 2015 15:19 pm UTC| Commentary Central Banks

Euro area HICP inflation declined back into deflation territory in September and with 5Y5Y market-based inflation expectations trading below 1.6% for the first time since February, the pressure on the ECB to announce more...