PBoC unlikely to have specific target levels for USD/CNY or USD/CNH
Jan 08, 2016 15:42 pm UTC| Commentary Central Banks
The PBoC has been guiding the Yuan lower for the past nine days. There is definitely no basis for the RMB to devalue continuously and going forward the RMB exchange rate regime will continue to be based on market supply...
Nordic central banks to continue with low interest rates regime
Jan 08, 2016 14:33 pm UTC| Commentary Central Banks
Just as there are differences in their economic outlooks, interest-rate projections also vary across the Nordic countries. Denmark appears to be on track for a minor unilateral rate hike from its central bank (Danmarks...
Has ECB lost its power to reengineer Euro lower?
Jan 08, 2016 09:15 am UTC| Commentary Central Banks
Once again key determinant for Euros movement will be monetary policy divergence and for that European Central Bank (ECB) remains as key player. However ECB might have lost some of its power to reengineer Euro...
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...
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