BoJ will need to take additional action sooner or later

Oct 29, 2015 09:03 am UTC| Commentary Central Banks

BoJ is next in line for an even more expansionary monetary policy. It might take action as soon as tomorrow, as Japanese growth was flat in Q3 after negative growth rates in Q2. Inflation is hovering around zero and not...

Fed signals a soon lift off

Oct 29, 2015 09:01 am UTC| Commentary Central Banks

The Fed clearly prepared the markets for a lift-off in December yesterday. Fed, which, up to yesterday, had not really communicated well in recent times. But that has changed. The Fed made only minor ad-justments to its...

Which central bank is the most expansionary?

Oct 29, 2015 08:57 am UTC| Commentary Central Banks

Who is the most expansionary of all the central banks? The ECB looks set to take additional measures in December. This week, its already done by the Riksbank while Norway had seen it in September. BoJ and RBA might also...

RBNZ remains on sidelines, but prefers weak NZD

Oct 29, 2015 08:55 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand did not cut its key rate yesterday night. However, its statement clearly suggests that the recent NZD appreciation is undesirable and might result in a rate cut after all if it is...

CNY falls back to fifth in September’s world payments

Oct 29, 2015 07:58 am UTC| Commentary

CNY fell back into fifth place in the latest Swift ranking of currency usage for global payments. In September, CNY accounted for 2.45% share of global payments. This is down from a record high of 2.79% in August where it...

CBT revises inflation forecasts up by sharp 1pp on lira weakness

Oct 29, 2015 07:52 am UTC| Commentary

CBT released its Q4 Inflation Report yesterday, once again nudging up inflation forecasts by a sharp 1pp: from 6.9% to 7.9% for end-2015 and from 5.5% to 6.5% for end-2016. This is disappointing, though unsurprising -...

Fed's rate hike likely in imminent future

Oct 29, 2015 07:32 am UTC| Commentary Central Banks

The Fed left the door open for a rate hike in December as it dropping its previous warning about the risk global economic and financial development posed to the US economy and repeated that economic activity is expected to...