Central Banking Series

Central Banking Series

Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat

Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy

Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...

Central Banking Series

Why the Fed has no choice but to keep cutting interest rates?

Oct 31, 2019 06:13 am UTC| Insights & Views Central Banks Economy

The U.S. Federal Reserve is stuck between an apparently booming economy and a financial crisis that might be right around the corner. Thats why its decision to cut interest rates by another quarter point on Oct. 30 its...

Central Banking Series

When cutting interest rates might not help

Sep 13, 2018 21:56 pm UTC| Insights & Views Economy Central Banks

Theres a meme around official interest rates since the financial crisis, and it goes like this. Central banks have already cut them to nearly zero (or actually zero) but advanced economies are still languishing. Therefore...

Central Banking Series

Bank of Canada likely to keep policy rates on hold in October

Oct 24, 2017 19:34 pm UTC| Commentary

The Bank of Canada is likely to keep its policy rates on hold tomorrow, noted TD Economics in a research report. Market reaction is expected to hinge on significant elements of the communiqué, particularly the...

Central Banking Series

PBoC likely to continue with enhancing liquidity fine-tuning and keeping tightening bias - Barclays

Oct 23, 2017 14:21 pm UTC| Commentary

The Peoples Bank of China is expected to carry on with enhancing liquidity fine-tuning while maintaining a tightening bias in both monetary and regulatory policy, as long as growth continues to be more than 6.5 percent,...

Central Banking Series

BSP likely to hike 25 bps each in both Q2 2017 and Q1 2018, says DBS Research

Sep 15, 2017 04:52 am UTC| Commentary Central Banks Economy

Bangko Sentral ng Pilipinas (BSP) is scheduled to next week and markets are looking for cues on the policy trajectory going forward. BSP has kept rates steady so far this year. We remain of the view that the central bank...

Central Banking Series

Bank of Japan’s monetary policy to stay extremely accommodative through fiscal 2017 – Danske Bank

Sep 13, 2017 22:45 pm UTC| Commentary

The Bank of Japans monetary policy is expected to stay extremely accommodative through fiscal 2017, which would also underpin demand, both domestically and abroad, noted Danske Bank in a research report. The Japanese...