Central Banking Series

Central Banking Series

Central Banking Series

Rising yields pose concerns for BoJ’s new policies

Nov 17, 2016 10:36 am UTC| Commentary Central Banks

Bank of Japan (BoJ) surprised the financial market by offering to buy anunlimited amount of 5-year JGB notes at -4 basis points and 2-year paper at -9 basis points. However, the offer failed to attract any bids at the...

Bank Indonesia leaves policy rate unchanged, to maintain neutral policy stance in near-term

Nov 17, 2016 10:23 am UTC| Commentary Economy Central Banks

Bank Indonesia (BI) left its 7-day reverse repo rate unchanged at the monetary policy meeting held Thursday, largely in line with market expectations. Also, the central bank is expected to maintain its neutral stance in...

Hong Kong’s jobless rate unchanged in October, labor market likely to remain stable in near-term

Nov 17, 2016 10:17 am UTC| Commentary

The latest labor force statistics of Hong Kong released by the Census and Statistics Department showed that the countrys jobless rate stood at 3.4 percent seasonally adjusted in October, the same as in September. The...

French unemployment rate jumps in Q3, raises doubt over President Hollande’s second term

Nov 17, 2016 09:58 am UTC| Commentary Economy

The rate of unemployment in France jumped during the third quarter of this year, raising further doubts over President Francois Hollandes second term in the government. The ILO jobless rate for metropolitan France and...

German bunds rebound on BoJ’s unexpected move to curb yield growth

Nov 17, 2016 09:50 am UTC| Commentary

The German bunds gained Thursday after the Bank of Japan surprisingly announced its first special bond-buying operation to curb growth in bond yields. The yield on the benchmark 10-year bond, which moves inversely to...

Sweden’s jobless rate rises in October

Nov 17, 2016 09:37 am UTC| Commentary

Swedens jobless rate increased in October from the previous month. It came in more than the consensus projection of 6.3 percent. Seasonally adjusted unemployment rate rose to 6.9 percent from Septembers print of 6.7...

U.S. producer price inflation remains flat in October, likely to rebound from current sluggish pace

Nov 17, 2016 09:36 am UTC| Commentary

The U.S. producer price index inflation stayed flat in October as rise in goods was countered by a fall in services prices. The PPI print came in below expectations. On a year-on-year basis, PPI inflation rose 1.2 percent...