BOE sees China reforms challenging due to rapid debt build-up
Sep 25, 2015 09:03 am UTC| Commentary Central Banks
The Bank of England sees increased risks stemming from the emerging markets as spreads on the sovereign and corporate bonds in those economies have risen while currencies have fallen, the FPC statement showed on...
EUR/CZK rises further as CNB sends out dovish messages
Sep 25, 2015 07:49 am UTC| Commentary
Yesterdays Czech National Bank (CNB) rate meeting went as expected, bringing no change but a shift towards dovish language: The statement did emphasise that disinflationary risk had increased. CNB Governor Miroslav...
BCB intervenes successfully to stabilize BRL
Sep 25, 2015 07:47 am UTC| Commentary Central Banks
Brazils central bank governor Alexandre Tombini and Finance Minister Joaquim Levy pointed out that the Banco Central (BCB) would use its FX reserves to prevent a further collapse of the real (and thus the deterioration of...
Sep 25, 2015 07:38 am UTC| Commentary
Japan has almost beaten deflation Prime Minister Shinzo Abe announced only yesterday. And this morning BoJ governor Kuroda claimed that the trend of Japanese price developments was strong. Well, this morning August...

Investment in China to grow at faster pace than overall economy
Sep 25, 2015 07:15 am UTC| Commentary
In addition to the stock market turbulence, August was marked by uncertainty in the Chinese currency market. On 11 August the Peoples Bank of China (PBoC) effectively devalued the CNY by setting the daily fixing rate 1.9%...
USD/ILS likely to reach 4.09 in Q1 16
Sep 25, 2015 06:43 am UTC| Commentary
An on hold and patient BoI would ordinarily have reduced conviction of being long USD/ILS. However, USD/ILS continues to trade far below levels implied by rate differentials. Rate differentials and FX were closely...

France economy likely to rebound in Q3
Sep 25, 2015 06:42 am UTC| Commentary
French confidence surprised on the upside in September. Both manufacturing and service sector confidence rose from the previous month. The French manufacturing sector appears to be struggling with growth, not really...