Chinese FX reserves data add to first signs of stabilisation

Oct 09, 2015 14:51 pm UTC| Commentary Central Banks

In China, data for FX reserves added to signs that the Chinese business cycle is bottoming. FX reserves fell by USD43.3bn, which was less than expected and a much smaller decline than in August, when reserves fell a record...

BoE rate hike likely in Feb 2016, subsequent higher rates to make GBP stronger

Oct 09, 2015 11:02 am UTC| Insights & Views Central Banks

The Bank of England kept its interest rates steady on Thursday as expected and showed no sign it was close to raising interest rates. Votes were split 8-1 once again to hold rates at a record lows, but the MPC voted...

US Fed prudent to wait

Oct 09, 2015 10:59 am UTC| Commentary Central Banks

The Minutes of the September FOMC meeting was not expected to offer new signals regarding the timing of the first rate hike. First of all because FOMC chair Yellen had the opportunity to communicate at the press conference...

Inflation remains biggest worry of FED

Oct 09, 2015 09:28 am UTC| Insights & Views Central Banks

Latest FOMC minutes released last night revealed what FOMC participants chose to skip lift off in September, as inflation remains biggest concern for most of the policymakers. Policymakers are worried that recent adverse...

FxWirePro: BoK stands pat, USD/KRW IRS trade ideas

Oct 09, 2015 09:18 am UTC| Insights & Views Central Banks

The Bank of Korea kept its benchmark rate steady on 11 September, as widely expected. Alongside the decision, BoKs governor Lee mentioned growth is still likely to hit the Banks 2.8% target this year. His comments that the...

Gold price rises after dovish FOMC minutes

Oct 09, 2015 08:58 am UTC| Commentary Central Banks

Profiting from a weaker US dollar, the gold price has risen above $1,150 per troy ounce again this morning. As the minutes of the most recent meeting of the US Federal Reserve reveal, the decision to leave interest rates...

ECB’s September minutes show concerns about downside risks

Oct 09, 2015 03:58 am UTC| Commentary Central Banks

The account of ECBs monetary policy September meeting suggests that relative to July, there was broad agreement among governing council (GC) members about the downside risks posed to the euro area recovery and inflation by...