RBA monetary policy: Assessing future bias

Jun 07, 2016 07:18 am UTC| Commentary

Reserve Bank of Australia (RBA) maintained its monetary policy stance at todays meeting and kept interest rates steady at 1.75%. Lets look at the details of policy announcement to assess the bias of RBA. Key...

FX Hedging Strategy Series

FxWirePro: AUD's more scope for bounces as RBA and Fed defer rate decision

Jun 07, 2016 06:55 am UTC| Commentary Central Banks

We reckon that the AUD gains should not be surprised ever since the positive GDP flashes in last week, speculators began being concerned about a low probability to the Reserve Bank of Australia cutting its 2% official cash...

RBI doesn't surprise markets, maintains a status quo

Jun 07, 2016 06:53 am UTC| Commentary

The Reserve Bank of India Tuesday maintained its status quo, largely in line with market expectations, after having cut repo rate at the April policy meet. Governor Raghuram Rajan kept rates on hold Tuesday at 6.5...

JGBs flat in thin trade, GDP in focus

Jun 07, 2016 06:48 am UTC| Commentary

The Japanese government bonds traded nearly flat Monday, succumbing to thin trading activity as investors awaited Q1 GDP figure on Wednesday. Moreover, the super-long bond strengthened after 30-year bonds auction. The...

German average yield hits negative for first time

Jun 07, 2016 06:35 am UTC| Commentary

German average rate, which is called Umlaufrendite has dropped below zero, for thefirst time ever. The rate, which represents average rates across outstanding bonds, is published once a day by German Bundesbank. At the...

RBA keeps cash rate on hold; likely to ease policy in August

Jun 07, 2016 06:31 am UTC| Commentary

The Reserve Bank of Australia today kept the cash rate on hold at 1.75%, on par with expectations. The central bank did not give any clear guidance about the future direction of monetary policy. The RBA is quite certain...

Central Bank of Brazil likely to keep policy on hold; inflation trajectory for 2017 uncertain

Jun 07, 2016 06:10 am UTC| Commentary

The Brazilian central bank is likely to keep its policy on hold during the June Copom meeting. The Central Bank of Brazil has maintained its benchmark Selic rate at 14.25% since the fourth quarter of 2015. Worsening of...