Vigilant on risks of capital outflows – RBI’s Rajan

FXStreet (Edinburgh) - Raghuram Rajan, Governor of the Reserve Bank of India, has considered the necessity that emerging markets build FX reserves during capital inflows. He also added that the country’s defenses look pretty good.

Rajan also expressed concerns on the risks of capital outflows.

Jan 20, 2016

Bank of Canada leaves policy unchanged

The Bank of Canada decided to leave the target for the overnight rate at 0.5%, against some expectations of a 25 bps cut. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25%.

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Jan 20, 2016

Low energy price causes US CPI to fall 0.1% in December

US Consumer Price Index (CPI) slipped 0.1 per cent in December after remaining unchanged in November. The fall was primarily the result of a drop in prices of energy goods. Also, rise in the price of services remained moderate. The CPI increased 0.7 per cent in the 12 months through December, above the 0.5 per cent year on year increase seen in November. However, it came in below the estimated 0.8 per cent rise.

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