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...

Many market participants skeptical of Fed hike

Jul 31, 2015 07:52 am UTC| Commentary Central Banks

The signal yesterdays GDP data for Q2 sent out was that US economy is humming. Even though GDP growth corresponded more or less to expectations at 2.3% qoq annualised. As a result there is not much left of the collapse...

Central Bank of Russia may go for rate cut

Jul 31, 2015 07:46 am UTC| Commentary Central Banks

The recovery of the ruble ran out of stem intraday yesterday, as a result USD-RUB is once again aiming for the 60 mark. Today attention is focussing on the central banks rate decision. The majority of analysts expect a...

FOMC: Only 'some' further progress needed for September rate hike

Jul 29, 2015 20:31 pm UTC| Commentary Central Banks

The statement from the July FOMC meeting was very little changed compared with the previous meeting in mid-June but it included an important some in anticipation of the first rate hike: The Committee anticipates that it...

Mexico's inflation likely to accelerate

Jul 29, 2015 10:38 am UTC| Commentary Central Banks

Banxico recently adjusted its monetary policy meeting calendar in order to make a decision right after the FOMC meetings. Banxico will meet on July 30 that is one day after the todays Fed decision, which will be held...