Whiffs of interest rate cuts in Brazil

March 30, 2016

Brazilian Central bank chief Alexandre Tombini leaves the Economic Affairs Committee of the Senate in Brasilia December 16, 2014. Tombini repeated on Tuesday that the bank's forex intervention program has met its goals and that the current stock of swaps has fulfilled businesses' demand for currency protection. The comments raised doubts about the continuity of the bank's currency intervention into 2015. Tombini clarified, however, that the bank is currently deciding on new terms for the program that will take effect as of next year. His comments were not enough to ease investors' concerns. The real weakened further after he spoke, trading at 2.781 per dollar, nearly 2 percent weaker, as the market expected more details on the program that currently sells $200 million worth of currency swaps per day. REUTERS/Joedson Alves (BRAZIL - Tags: BUSINESS POLITICS HEADSHOT) - RTR4I9C8 As impeachment of President Dilma Rousseff grows more likely, chances are rising that Brazil’s central bank may also go under new management in a matter of months.

Indian central bank to hold its horses while others bolt

February 15, 2016

A member of the Sikh Nihang warrior sect, mounts two racing horses during the annual "Rural Olympics" on February 22 in the village of Kilaraipur in India's northern state of Punjab. The three-day festival, in its 55th year, began on February 21. - RTXHNV1

Financial markets and borrowers rooting for the Reserve Bank of India to ease policy this year could be in for a disappointment – in stark contrast to 2015 when it lopped 125 basis points off the repo rate.

With such similar inflation, how far behind the Fed can the BoE be?

November 18, 2015

RTR4OY3Z.jpgNot long ago, the big debate was over who would raise rates first, the U.S. Federal Reserve or the Bank of England. Now with the Fed giving clear signals it’s on the brink of hiking and the BoE appearing to be pushing that day further off into the future, one could naturally conclude that the inflation outlook in both economies is vastly different.

Euro zone bank lending sluggish despite tsunami of QE and cheap cash

October 27, 2015

A picture illustration shows Euro banknotes in Zenica

For the European Central Bank, digging deeper into quantitative easing may be the only policy option left, now that growth in bank lending to businesses is stalling again.

India’s central bank nearing policy crossroads

June 11, 2015

Traffic moves at busy intersection in New DelhiThe Reserve Bank of India is facing a fork in the road for the first time since Governor Raghuram Rajan took office amid much fanfare and started targeting inflation as the central bank’s primary mandate.

The “take it or leave” it moment?

June 2, 2015

German Chancellor Merkel, French President Hollande and European Commission President Juncker arrive to make statements to the media before a meeting with top company executives in Berlin

Five people who hold Greece’s fate in their hands – Angela Merkel, Francois Hollande, Mario Draghi, Jean-Claude Juncker and Christine Lagarde – met for talks in Berlin last night.

More Greek talks, Riga summit unlikely to be decisive

May 20, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

Greece’s European lenders have played down hopes of a swift end to aid negotiations and said talks must speed up before the country runs out of cash. That contrasted sharply with optimism in Athens where a series of top officials asserted that a deal was just days away.

Greeks talk up deal prospects, but what has changed?

May 19, 2015

Greece's Finance Minister Varoufakis and Eurogroup chairman Dijsselbloem talk during an euro zone finance ministers meeting in Brussels

In an epic late-night talk show appearance, Greek Finance Minister Yanis Varoufakis said his government was nearing a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month.

Russian rates to fall as rouble rallies

April 30, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

Russia’s central bank is expected to cut interest rates today, following a sharp rally in the rouble in tandem with oil’s recovery.