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...
Bank of England's first rate hike likely in H1 2016
Jan 18, 2016 22:54 pm UTC| Commentary Central Banks
Last week BOE left the monetary policy unchanged, keeping the main rate at 0.5% and the QE amount at 375 billion annually. Only one Monetary Policy Member voted for a rate hike, as was broadly expected. According to the...
BoC's likely overnight rate cut to weigh on Loonie
Jan 18, 2016 09:01 am UTC| Commentary Central Banks
Bank of Canada is likely to lower its overnight rate by 25bp on Wednesday. The price of Western Canadian Select (WCS) has declined by 50% since the central bank published its Monetary Policy Report in October. The fall has...
Bank of Canada likely to lower overnight rate by 25bp this week
Jan 18, 2016 05:06 am UTC| Commentary
The Canadian economy continues to be weighed on by the continuous weakness in oil prices. Economic activity in the non-energy sector is likely to have moderated as recent data prints have been weaker than projected....
First BoE rate hike likely in H1 2016
Jan 15, 2016 15:45 pm UTC| Commentary Central Banks
Yesterday Bank of England left its monetary policy unchanged, keeping the main rate at 0.5% and the QE amount at 375 billion annually. Only one Monetary Policy Member voted for a rate hike, as was broadly expected....
UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery
FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update