Central Banking Series

ECB extends QE purchases till December 2017, likely to adopt further expansion

Dec 09, 2016 05:23 am UTC| Commentary Economy Central Banks

The European Central Bank, at the monetary policy meeting held Thursday, extended the QE purchases by nine months to December 2017, but reduced the monthly purchases to EUR60bn from EUR80 billion. The lower pace of...

FxWirePro: The Day Ahead- 9th December, 2016

Dec 09, 2016 05:06 am UTC| Commentary Economy Central Banks

Not many economic dockets and events scheduled for today but some with high volatility risks associated. Data released so far: Australia: Investment lending for homes up by 0.7 percent in October while home loans...

Climate Change Series

Emissions trading for electricity is the sensible way forward

Dec 09, 2016 03:47 am UTC| Insights & Views Economy

The preliminary report from the Finkel Review of electricity market security will be presented to COAG today. Leaked versions indicate that the report notes the urgent need for long-term policy certainty on climate change...

Australian banks well capitalized to absorb any losses - Moody's

Dec 08, 2016 14:35 pm UTC| Commentary Economy

The US-based ratings agency, Moodys Investors Service published on Thursday, 8th December, their latest report on the Australian banks. In the report Moodys Investors Service says that Australian banks funding stability is...

Upward trend in Hungarian inflation likely to keep MNB on hold, EUR-HUF to rise steadily through 2017

Dec 08, 2016 12:08 pm UTC| Insights & Views Economy Central Banks

Hungarys inflation outlook is far more benign than in past years. The central bank (MNB) lowered its projections significantly through 2016. The 2016 headline inflation forecast was lowered from 1.7 percent to 0.5 percent...

Downward pressure on CNY likely to persist and extend into 2017, says Scotiabank

Dec 08, 2016 11:35 am UTC| Commentary Economy

The downward pressure on the yuan will persist and extend into 2017 amid continued capital outflows. Chinas foreign reserves tumbled USD 69.1 billion to USD 3.0516 trillion at the end of November from a month ago, the most...

Central Banking Series

National Bank of Poland springs no surprises, remains on hold as expected

Dec 08, 2016 10:44 am UTC| Commentary Central Banks Economy

The National Bank of Poland remained on hold, as per market expectations, throwing no surprise bursts at all. According to NBP Governor Glapinski, the current economic deceleration had been anticipated, but improved...