Russia ready to resume rate cuts after easing pause extended
Jan 20, 2016 23:21 pm UTC| Commentary
Since October 2015, Central bank of Russia has kept the interest rate steady at 11%. More complete data provided further evidence that the recession bottomed out in Q2 2015 and began to show signs of stabilization in Q3....
A second rate cut from Bank Indonesia likely in March
Jan 20, 2016 17:09 pm UTC| Commentary Central Banks
Bank Indonesia (BI) cut its policy rate by 25bp to 7.25% on 14 January, as widely expected. Earlier markets expected BI to cut in February, given the governors recent concern over financial volatility. But renewed downward...
A dovish BoK tilt adds downward bias for KRW
Jan 20, 2016 15:26 pm UTC| Commentary Central Banks
The Bank of Korea held the policy rate at 1.5% in January, as expected and revised lower the official growth and inflation forecasts for 2016 to 3% (from 3.2%) and 1.4% (1.7%), respectively. The statement that followed had...
Jan 20, 2016 10:28 am UTC| Commentary Central Banks
Today Bank of Canada (BOC) is to provide further guidance in policy meet. Result to be announced at 15:00 GMT. Current policy measures BOC is maintaining overnight deposit rate at 0.5% Core objective of BOC...
BoC likely to cut rate today, USD/CAD to continue moving north
Jan 20, 2016 05:31 am UTC| Commentary
Business investment in Canada might be even more of a drag on the countrys growth in 2016 than previously assessed due to recent weakness in price, and oil and gas companies reaction function. The Bank of Canada Business...
RBNZ likely to lower OCR further to 2% in 2016 on weaker CPI data
Jan 20, 2016 04:32 am UTC| Commentary Central Banks
New Zealands Consumer Price Index (CPI) dropped by 0.5% in Q4 2015, lower than Westpacs below-market projection of a drop of 0.4%. Meanwhile, the countrys annual inflation rate declined to just 0.1% from 0.4%. The drop in...
ECB unlikely to undertake measures on Thursday
Jan 19, 2016 06:12 am UTC| Commentary Central Banks
The ECB is likely to keep a dovish tone but is not expected to take action this week. The central bank President Draghi is expected to argue that the measures undertaken in the past will be successful and will lead to a...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects