Watch out for FED’s mysterious closed door meeting today
Nov 23, 2015 10:34 am UTC| Insights & Views Central Banks
US Federal Reserve all out of the blue announced a closed door meeting under expedited procedure at boards office in Washington to be held today at 11:30 am Eastern Standard Time (EST). No major details are provided...
Outcome at ECB Dec meeting likely to be a combination of increase in QE and deposit rate cut
Oct 23, 2015 10:07 am UTC| Insights & Views Central Banks
ECB Governing Council meeting on Thursday was a currency war of words and inaction, where President Draghi has once again demonstrated his ability to bring forward the benefits of ECB activism. Although the ECB Governing...
Oct 23, 2015 07:27 am UTC| Commentary Central Banks
Yesterday, ECB President Mario Draghi prepared the markets for an extension of the ECBs quantitative easing. The FX market was also impacted by the fact that Draghi seems to regard the exchange rate channel as the only way...
ECB's challenges into December: two BoJ meetings, one US employment report
Oct 22, 2015 21:16 pm UTC| Commentary Central Banks
A combination of an increase in asset purchases and a deposit rate cut is seen as the most likely outcome of the December meeting. And from that perspective, expectations management is likely to be one of the key...
Currency wars or currency woes?
Sep 25, 2015 18:01 pm UTC| Commentary
On the back of Chinas devaluation of the CNY on August 11, there has been a revival in speculation as to whether the world faces another wave of currency wars. There is still an incentive for some central banks to favour a...
Emerging market crisis series – Japan a big victim
Sep 14, 2015 12:02 pm UTC| Insights & Views
Emerging market (EM) crisis and falling values of EM currencies have started taking toll on Japan and Bank of Japans (BOJ) monetary policy. Japans borrowing cost was already at historical low, when Bank of Japan (BOJ)...
Intensified currency war implies stronger effective Euro
Aug 28, 2015 04:48 am UTC| Commentary Central Banks
The ECBs outlook for higher inflation is threatened by a renewed trend higher in the effective EUR, which, when considering the 3M change, is at the highest rate in more than two years. The upward pressure on the EUR...
Why Africa’s young scientists should help check the quality of climate change research