Tuesday, November 24, 2015

What the global Central bankers are saying? - RBS

FXStreet (Delhi) – Paul Robson, Senior Trading Desk FX Strategist at RBS, lists down the views and comments of global central bankers in the recent past.

Key Quotes

“We learned that ECB Executive Board Member Peter Praet is worried about ECB credibility loss as it permanently misses its own target for returning inflation to 2%. Bank of Japan Governor Kuroda said the spring wage round is ‘very important’, implying BoJ won’t be considering any more easing until April. Swiss National Bank’s Maechler thinks the franc is still seriously overvalued.”

“Reserve Bank of India Governor Rajan indulged in some gentle verbal intervention against INR strength. Bank of England’s Broadbent pushed back against notions that the MPC’s November Inflation Report somehow endorsed very dovish market pricing of monetary policy intentions. South African Reserve Bank raised interest rates by 25 bp, partly to counter risks to inflation expectations from earlier FX depreciation.”
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