BOJ Needs To Prove Commitment To Reflation
he Bank of Japan needs to keep moving, says BofA Merrill Lynch, which thinks there is an "expectation for some concrete action which provides evidence that the BOJ has a strong and ongoing commitment to reflation."While BofA strategists ,,,,
BOC Statement Less Dovish, CAD Gains in USD/CAD, AUD/CAD
The Bank of Canada interest rate statement made some waves in currency markets as the bank struck a less dovish tone, and likely undercut any expectations of the bank's next move being a rate cut. The bank upgraded its assessment of the economy a
Preview: ECB Interest Rate Decision
On Thursday, we get the latest ECB rate decision. If Draghi's press conference offers little beyond him hailing the LTRO as successful it's likely to trigger only a muted reaction. However if he makes a definitive statement ruling out further len
Preview: BOC Rate Decision and USD/CAD
The Bank of Canada has been in a "wait-and-see" mode for several meetings now, with the bank holding interest rates steady for 11 straight meetings – a record. Expectation is for more of the same as the BOC hold rates at 1%.The Canadian economy i
Preview: Can RBNZ Rate Decision Extend Recent AUD/NZD Downsw
While the general consensus is that the RBNZ will not be changing interest rates in its upcoming meeting, this risk event is still important for the forecasts that the RBNZ will put forward - the latest update since December. The interbank market
Is this China's last ditch effort to avoid the hard landing?
We talk a lot about why the shift to sufficient levels of consumption will be tough for China to achieve with any efficiency. Basically, the consumer faces pressures from inflation and redirected capital flows, from the central government to loca
Commodity Risk Economic Calendar – 5th-9th March
Key economic data releases affecting commodities this week.
ECB's Makuch: Inflation Well Anchored, No New LTRO Planned
(Dow Jones via eFXnews)Euro-zone inflation remains well anchored and there are currently no plans for another round of the European Central Bank's latest refinancing operation, a member of the ECB's governing council said Thursday."I don't ex
Who Wins & Loses From 1Q Central Bank Easing Bonanza
In 2011, the Bank of Japan expanded its balance sheet by 11%. But last year, the U.S. Federal Reserve expanded its own by 19%, the Swiss National Bank’s grew by 33% and the European Central Bank expanded its by 36%. We've had more expansion of ba
Bank of Israel Left Interest Rate Unchanged at 2.5%
Bank of Israel announced at the end of February it will leave the basic interest rate unchanged at 2.5% for March 2012.
ECB's Liikanen: No Interest Rate Floor, Inflation No Concern
(Dow Jones via eFXnews) The European Central Bank has never said there is a limit to how low it could reduce interest rates while focusing on its primary mandate of price stability, and inflation expectations are well anchored at the moment, Gove
GBP/USD & Other GBP Crosses Pressured by BOE Minutes
One of the weakest performers today certainly was the Pound as Bank of England Meeting Minutes revealed that two members voted for a larger expansion of the bond purchase program than the £50 billion the bank agreed to in early February. The jury


