Renminbi series: Yuan’s link to new Renminbi index could pose challenges for global central bankers

Feb 04, 2016 10:24 am UTC| Commentary

Last year marks not only weakness in Chinas exchange rate but also some crucial reforms/change in approach while setting its exchange rate. In August, Peoples Bank of China (PBoC), not only forced devalued Yuan for three...

Renminbi series: China has its own version of impossible trinity

Feb 04, 2016 10:17 am UTC| Commentary

The impossible trinity a theory in International Economics, which states that a country can execute only two of the following and it is impossible to sustain all three - A stable exchange rate Free capital...

No hike expectations finally takes down US Dollar

Feb 04, 2016 08:58 am UTC| Commentary

Dollar is again taking some beating against its most traded ccys and also against some of the emerging market peers, as Dollar bulls finally woken up to the bond market pricing of no hike in 2016. Bond market was moving...

Australia’s inflation likely to accelerate modestly in 2016, remain within RBA’s target in 2017

Feb 04, 2016 08:12 am UTC| Commentary

Monetary conditions in Australia are expected to be accommodative in the coming quarters with the interest rate at the record low level of 2%. The Reserve Bank of Australias policymakers stated that the lower-than-target...

French economic growth likely to rebound modestly, GDP likely to grow 1.3% in 2016, 1.6% in 2017

Feb 04, 2016 07:58 am UTC| Commentary

France faces downside risks to its economic outlook due to increasing uncertainty post the terrorist attacks in Paris in November. There has been a slight slowdown in retail sales, indicating that consumption might be...

Oil in Global Economy Series

Crude Oil: Volatility is my name

Feb 04, 2016 07:50 am UTC| Commentary

Crude price has been volatile in 2015 too, however this year it is facing levels of volatility not seen since financial crisis of 2008/09. Yesterday crude price dropped below $30/barrel again, however moved higher in New...

Oil in Global Economy Series

Oil prices likely to remain low for some time, larger output cuts required to rebalance oil market

Feb 04, 2016 07:39 am UTC| Commentary

The outlook of most of the commodity markets, particularly crude oil, is dominated by the supply glut conditions. There has been an excess build-up in the production capabilities of non-OPEC energy producers, led by...