China’s new yuan loans exceed market expectations, mortgage lending remains key driver

Dec 14, 2016 10:39 am UTC| Commentary Economy

New yuan loans in China surged during the month of November, heavily beating market expectations, with mortgage lending being the key driver. Long-term household loans totalled CNY569.2 billion, accounting for 72...

China inflation unlikely to pick up significantly following timid pickup in consumer demand

Dec 14, 2016 10:17 am UTC| Economy Commentary

Consumer prices in China are expected to not pick up significantly in the near term, weighed down by little improvement in consumer demand. The sequential growth also indicates that underlying inflation pressure remains...

India’s note-ban, GST reforms likely to be beneficial in the long-run, says S&P Global Ratings

Dec 14, 2016 09:32 am UTC| Economy Commentary

Indias corporates and banks are likely to face short-term downside risk as a demonetization-related cash crunch curbs the countrys GDP growth, according to SP Global Ratings. The ratings agency recently revised down its...

UK unemployment report preview:

Dec 14, 2016 08:50 am UTC| Commentary Economy

Another post-referendum unemployment report will be published today, however, todays report may not be a major market mover for the pound as the focus for the day is on FOMC interest rate decision. As of now, the economy...

Infrastructure investment likely to remain a major driver of China’s economic growth, says Scotiabank

Dec 14, 2016 08:42 am UTC| Commentary Economy

China remains on track to reach its economic growth target for 2016, with fixed-asset investment rising 8.3 percent y/yin the January-November period. Infrastructure investment has already proved to be a critical driver of...

Indonesia GDP growth likely to come in at 5.1 pct this year on stable consumption, says DBS

Dec 14, 2016 08:17 am UTC| Commentary Economy

Indonesias gross domestic product (GDP) is expected to come in at 4.1 percent this year, on stability in the countrys consumption patterns, which has continued to support GDP growth. However, government consumption and...

Central Banking Series

BoJ seems committed to yield curve control

Dec 14, 2016 08:13 am UTC| Commentary Central Banks Economy

The actions taken by the Bank of Japan (BoJ) yesterday shows that the central bank remains committed to its experimental monetary policy of yield curve control and we at FxWirePro believe that it would continue that way as...