South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
The European Central Bank sent a very dovish message from its October meeting. Due to a weakened inflation outlook, the ECB will reassess monetary policy in December and it is ready to use all the tools in its box.
The central bank is expected to cut its deposit rate by 0.10 percentage points to minus 0.30% in December and to keep the door open for further rate cuts, says Danske Bank. The ECB also looks set to announce that QE will continue after September 2016. The prospect of further policy easing by the ECB this year is negative for the EUR.
The EUR/USD pair is expected to fall to 1.08 on a 3M horizon, forecasts Danske Bank.
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ECB signals further easing in December
Friday, October 30, 2015 7:19 AM UTC
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