Currency War Series

Low CEE inflation supports accommodative monetary policy

Dec 14, 2015 11:44 am UTC| Commentary Central Banks

On 11 December 2015, the Bank of Russia decided to keep the key rate at 11.00 percent per annum, in recognition of growing inflation risks, but the risks of economic cooling remain. The bank estimates annual pace of...

Oil in Global Economy Series

Oil price drop gets its own dynamics

Dec 14, 2015 10:22 am UTC| Commentary

The sell-off in the oil market took on unreasonable dimensions. Oil-prices were falling almost continuously for weeks now and find themselves marginally above the lows, compared to the crisis period. The speculative...

UK house prices likely to be higher next year

Dec 14, 2015 10:14 am UTC| Commentary

Policymakers of both monetary and fiscal policies expressed their worry over house prices in UK and prompted UK finance chief to launch ambitious, biggest, housing project in more than four decades, but today Right move...

Hungary's MNB says no FX issuance necessary during 2016

Dec 14, 2015 10:13 am UTC| Commentary Central Banks

Hungary MNBs chief economist remarked in a press conference that there was no reason for the government to plan the euro bond issuance in 2016, adding that the government will be able to retire all maturing FX debt using...

Natural gas sinks past 2012 low as Christmas likely warmer

Dec 14, 2015 09:52 am UTC| Commentary

According to latest forecast, Christmas in the United States will be much warmer than usual. It wont be until January temperature falls toward zero mark, while high temperatures around LA, Texas, Florida could remain as...

Currency War Series

Banxico's policy rate likely to reach 4.0pct by end-2016

Dec 14, 2015 09:29 am UTC| Commentary Central Banks

The Banxico committee is schedule to meet on policy rates on 17th December, a day after U.S. Fed meeting. The central bank is expected to hike its bank rates by following the Fed. The Fed rate hike will increase the...

Currency War Series

China's policymakers need to ease monetary policy further to support growth

Dec 14, 2015 09:22 am UTC| Commentary Central Banks

Chinese Yuan has slowly dropped against US dollar over last month. Novembers PBoC FX reserve data indicates active intervention to smooth out CNY depreciation pressures. This depreciation bias is expected to persist in...