Dec 14, 2015 00:30 am UTC| Commentary Central Banks
An underperformance of MXN is expected, particularly on Thursday, since no change is expected in the fondeo rate, compared with market consensus for a 25bp increase. The path implied in the TIIE curve for the overnight...
More weakness for the Columbian peso if Banrep holds
Dec 14, 2015 00:10 am UTC| Commentary Central Banks
In Colombia, Banrep is expected to pause its hiking cycle, as the economic outlook for 2016 has deteriorated in recent weeks. OPECs lack of agreement on a production quota is likely to keep oil prices depressed next year,...
Mexico to follow in the footsteps of Federal Reserve
Dec 11, 2015 16:49 pm UTC| Commentary Central Banks
The Banxico committee is set for a rate lift-off when it meets the day after the FOMC meeting on Thursday next week - its first rate hike in 7 years. A hike in close tandem with the Fed should also hinder the USD/MXN from...
Russia keeps interest rate unchanged as economy is waiting for inflation to decelerate
Dec 11, 2015 15:31 pm UTC| Commentary Central Banks
The Bank of Russia (CBR) decided to keep its key rate unchanged at 11.0%, in line with forecast and the split consensus. The press statement and Governor Nabiullinas news conference provided a clear description of the CBRs...
Norges Bank likely to remain on hold in December
Dec 11, 2015 07:06 am UTC| Commentary Central Banks
Core inflation of Norway surprised the market on upside in November as it is increased by 3.1%. The Norges Bank was expecting the figure at 2.96%. The higher than expected inflation is the result of increase in year on...
BoE may hike bank rates in Q2 2016
Dec 11, 2015 05:49 am UTC| Commentary Central Banks
The MPC left the bank rate unchanged at 0.50% and stocks of purchased assets at GBP375bn. Ian McCafferty, member of MPC voted in favor of increasing the Bank Rate by 25bp immediately, hence, the vote was 1-8 in favor of...
ECB's move marks an end of the easing?
Dec 11, 2015 05:35 am UTC| Commentary Central Banks
The European Central Bank delivered a 10 bp rate cut in its monetary policy meeting in December, along with amenu of easing, which was disappointment to the markets. This move from the ECB marked the end of easing,...
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