Foreign Exchange Insights and Next Week
Next Week
September 9, 2016
Central Banks: Monetary policy meetings will be held in Switzerland, the U.K., Chile, Thailand, Russia, and Ukraine. Holidays: Several Asian markets observe holidays, for example India, China, Singapore and South Korea. Scheduled U.S. Statistical Releases: Retail sales, industrial production, consumer prices, the Philly Fed and Empire State manufacturing indices, consumer prices, producer prices, import prices, […] More
Central Bank Watch
Bank of Korea
September 9, 2016
The Bank of Korea continues to employ an accommodative monetary stance. Inflation is too low. On-year consumer prices rose 0.4% overall and 1.1% on core components. Both rates were lower than in July. Regarding growth, a statement released today “forecasts that the domestic economy will sustain its trend of modest growth going forward, owing chiefly […] More
Central Bank Watch
Peruvian Central Bank Policy Rate Held Steady at 4.25%
September 9, 2016
Seven months have now passed without the Central Reserve Bank of Peru changing its interest rate. Previously such was lifted five times in the space of 7 meetings from September 2015 to March 2016, each by 25 basis points. Such more than offset four cuts from November 2013 through January 2015. The Board released a […] More
New Overnight Developments Abroad - Daily Update
Persistent Worries about Global Growth
September 9, 2016
Markets had rallied earlier this week as perceived odds for a U.S. interest rate increase were trimmed because of softer-than-expected U.S. data. Now, markets are nervous again. The Fed may be proceeding very gradually with rate normalization, but at the same time other central bankerss like those at the ECB and BOJ are having mounting […] More
