RBA comfort with current policy settings
Jan 07, 2016 23:19 pm UTC| Commentary Central Banks
In Australia, the domestic case for easier policy remains weak in the near-term despite signs of slower housing sector activity and weak commodity prices. Surveyed business conditions remain well above average and the...
Danish rate hike unlikely to be the first of many
Jan 07, 2016 17:55 pm UTC| Commentary Central Banks
Todays rate hike by the Danish central bank is not wholly surprising after the National Banks repeated intervention in 2015 to strengthen the krone. The National bank announced that it would raise the deposit rate from a...
Will BoJ’s current asset purchase program succeed in achieving price stability target?
Jan 07, 2016 16:37 pm UTC| Commentary Central Banks
Revised data showed that Japans economy has avoided another technical recession; real GDP grew by 0.3% q/q (+1.7% y/y) in Q3, following a 0.1% q/q contraction (+0.7% y/y) in the April-June period. However, economic...
Poloz reiterates that Bank of Canada will not follow the Fed higher
Jan 07, 2016 16:27 pm UTC| Commentary Central Banks
Bank of Canada governor Stephen Poloz spoke in Ottawa this morning on the divergence between U.S. monetary policy and that in the rest of the world, including Canada. The governor emphasized that the divergence in...
Improving headline CPI and wage inflation to pave the way towards the first BoE rate hike in 2016
Jan 07, 2016 16:10 pm UTC| Commentary Economy
UKs economy in 2016 is likely to see a decent growth at 2%, down from an estimated 2.2% in 2015 and 2.9% in 2014, supported by growth in consumer spending. However as real income gains slow on the back of gradually rising...
Are currency wars likely to be the new norm in 2016?
Jan 07, 2016 14:35 pm UTC| Commentary Central Banks
2016 view is not significantly different from that in 2015 - mainly because many of the variables havent changed very much. Major central banks around the globe will do very little to alter their current paths. The BoE...
BoJ unlikely to expand QE further in 2016
Jan 07, 2016 06:48 am UTC| Commentary Central Banks
The Japanese yens safe-haven appeal is in high demand in start of 2016 after Chinas central bank devalued its currency again, creating even more uncertainty among investors. The USD/JPY cross was trading 0.43% lower at...
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