Central Bank’s of Hungary and Poland likely to cut rates in March Meeting
Jan 21, 2016 12:02 pm UTC| Commentary Central Banks
Hungarys policymakers have suggested that there is no requirement for further rate cuts, as unconventional easing is unlikely to bring major benefits when it comes to supporting growth. The central bank estimates 1.7%...
PBoC seen maintaining accommodative monetary policy stance
Jan 21, 2016 10:13 am UTC| Commentary Central Banks
PBoCs recently increased its liquidity as it injected CNY600bn via medium-term lending facility (MLF) on Tuesday, followed by another CNY150bn liquidity injection via short-term liquidity operation (SLO) and CNY400bn via...
Central Bank of Brazil likely to start easing policy by August 2016
Jan 21, 2016 07:21 am UTC| Commentary Central Banks
The Central Bank of Brazil kept the Selic rate unchanged at 14.25%. The majority of the board voted to leave the rate unchanged, while two members voted for a rate hike by 50bp. According to the board, the decision to keep...
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...
UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery
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