Chinese Central Bank Injects $20 Billion to Ease Market Worries
Jan 05, 2016 06:42 am UTC| Commentary Central Banks
The Peoples Bank of China (PBoC) has injected 130 billion yuan ($20 billion) in funds into the financial system in order to ease concerns after Mondays market shock. The decision was made after Chinese stocks dropped...
BoK likely to deliver another 25bp rate cut in Q1 2016
Jan 05, 2016 04:32 am UTC| Commentary Central Banks
Korean exports are still accelerating and the underlying trend of challenging external environment likely extending in 2016, the softness in external oriented sectors will keep Bank of Korea accomodative. We maintain...
Jan 04, 2016 21:58 pm UTC| Commentary Central Banks
In a press release today, the Riksbank announced that it has taken the decision required to be able to instantly intervene on the foreign exchange market if necessary, as a complementary monetary policy measure. In...
BoK likely to stay accomodative in 2016 on softness in trade and production
Jan 04, 2016 03:12 am UTC| Commentary Central Banks
Korean exports dropped by 13.8% in December, which came in way below than consensus expectations to drop by 11.7%, following one time vessel delivery in November. This data marked weakest annual performance of exports...
Low inflation to encourage expectations of further ECB action
Jan 03, 2016 21:31 pm UTC| Commentary Central Banks
Euro area headline and core December inflation (Tuesday) will be the focus for the EUR, both are expected to increase slightly, to 0.4% y/y (last: 0.2%) and 1.0% y/y (last: 0.9%), respectively, but remain well short of the...
Chile's central bank likely to hike at least additional 50bp before peso stabilizes
Dec 31, 2015 11:10 am UTC| Commentary Central Banks
Chiles central bank appears to be in a tightening cycle. Despite high headline inflation and waning credibility. The local swap market moved to pricing 2y headline inflation from last years 1.9% to 3.1% now. The...
Riksbank standing pat despite SEK appreciation – gains seem fragile in Q1 2016
Dec 31, 2015 09:34 am UTC| Insights & Views Central Banks
Swedish Krona has traded sturdily during November and early- December, gaining against almost all G10 currencies. Despite SEK strength, the Riksbank left rates unchanged at the December 15 meeting and also left its...
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