BCB intervention likely to prevent BRL weakness?

Sep 24, 2015 07:40 am UTC| Commentary Central Banks

BCB finally intervened yesterday to stem the pace of BRL depreciation by auctioning 20,000 contracts (2 bln USD notional value) of FX swaps. In truth, BCB had little alternative, USD-BRL traded above 4.14 whilst...

Euro Area's headline CPI to stay below 1% till later next year

Sep 24, 2015 06:59 am UTC| Commentary Central Banks

Recent global and financial developments, emanating particularly from China, combined with the relative tentativeness of the eurozones economic upswing, have prompted ECB officials to emphasise that the QE programme will...

FOMC likely to hike before year end

Sep 24, 2015 06:54 am UTC| Commentary Central Banks

The decision of the Federal Open Market Committee to maintain the policy target range of 0-0.25% at its September policy meeting prompted a sharp fall in US Treasury yields. The impact was particularly marked on...

FOMC likely to hike before year end

Sep 24, 2015 06:38 am UTC| Commentary Central Banks

The decision of the Federal Open Market Committee to maintain the policy target range of 0-0.25% at its September policy meeting prompted a sharp fall in US Treasury yields. The impact was particularly marked on...

ECB President Draghi’s speech in focus as EZ PMI shows slowdown in momentum

Sep 23, 2015 10:48 am UTC| Insights & Views Central Banks

European Central Bank (ECB) President Mario Draghi is scheduled to speak in Brussels before Committee on Economic and Monetary affairs (ECON) of European parliament at 13:00 GMT or 15:00 CET. Market will be focusing on...

RBI inflationary expectations should soften in September

Sep 22, 2015 21:15 pm UTC| Commentary Central Banks

Apart from the monsoon and Fed hike risks, most of the domestic pre-conditions laid out at the August review have been fulfilled. Commodity prices (INR terms) have eased further, with the CRB index (Thomson Reuters/ Core...

Receding risks of US rate hikes and catch-up in rains open the window for further RBI rate cuts

Sep 22, 2015 20:46 pm UTC| Commentary Central Banks

The Fed extended its on-hold stance in September, signalling the need for more data to justify rate normalization. Risks to global growth, primarily out of China, and heightened market volatility also received a mention....