RBA to reduce benchmark interest rate by 25bps in near term
Feb 02, 2016 10:05 am UTC| Commentary Central Banks
The Reserve Bank of Australia set its benchmark interest rate at the record low level of 2.0 percent indicating accommodative monetary conditions over the forthcoming quarters. The policymakers see possibilities for...
PBoC boosts housing market with cut in down payment
Feb 02, 2016 09:54 am UTC| Commentary Central Banks Real Estate
To boost Chinas ailing housing sector, peoples Bank of China (PBoC) has lowered deposit requirements for house buyers. According to new rules, which was last changed back in 2010, first time home buyers can now take up...
Aussie to consolidate, as bulls and bears play out domestic and international theme
Feb 02, 2016 09:29 am UTC| Commentary
Australian Dollar, likely to consolidate from here in the near term, as it remains trapped in tug of war between bulls and bears. Bulls are concentrating on the following Despite slowdown in commodity prices,...
Riksbank likely to lower rates again next week
Feb 02, 2016 09:26 am UTC| Commentary Central Banks
Riksbank is likely to lower rates again. Moreover, there is a risk of additional stimulus measures later in 2016. At the end of 2015, the sentiment was positive and there were indications that the monetary stimuli period...
BoE likely to keep interest rate hikes on hold
Feb 02, 2016 09:25 am UTC| Commentary Central Banks
In January, BoE Governor Mark Carney stated that the central bankers do not expect the oil prices to rise, suggesting that the global economy should benefit out of the current lows. Inflation has drastically fallen and is...
RBI keeps policy steady amid global turmoil and weakness
Feb 02, 2016 07:46 am UTC| Commentary Central Banks
Reserve Bank of India (RBI), in spite of having some legroom to ease policy, preferred to wait it out today, especially when Indian new financial year budget is due this month. RBI policy statement sums it all what has...
Australia’s December imports likely declined while exports likely grew
Feb 02, 2016 07:35 am UTC| Commentary
Australias preliminary official data for goods imports showed that that dropped for the second consecutive month in December and at a markedly faster rate than in November. The services imports is also expected to have...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.