BoK on hold, likely to cut 25bp in Q2

Apr 19, 2016 13:35 pm UTC| Commentary Central Banks

The BoK kept its policy rate on hold at 1.50% in the April meeting, in line with consensus expectations. The decision was not unanimous. Ha Sung-keun dissented and called for a cut for the third consecutive meeting. The...

BoK may lower interest rate in Q2 2016 if economic data fails to recover in following months

Apr 19, 2016 08:48 am UTC| Commentary Central Banks

The Bank of Korea maintained its policy rate at 1.5% today, on par with consensus expectations. BoK governor Lee had given solid forward guidance recently that the central bank will not hurry into lowering rates....

Aussie touches 10 month High against Dollar on RBA’s “very”

Apr 19, 2016 08:01 am UTC| Commentary Central Banks

In its minutes of April meeting, released today, Reserve Bank of Australia (RBA) has introduced a four letter word that has been driving Aussie since the morning. Australian Dollar, traded 0.78 against Dollar today, a...

Briferendum Series

Can we believe what the Treasury says about the cost of Brexit?

Apr 19, 2016 06:53 am UTC| Insights & Views Central Banks

Theres a high price to be paid if Britain leaves the European Union, according to the UKs Treasury forecasts. Leaving the EU would cost the average household 4,300 per year, it is suggested. But Chancellor George Osborne...

Meeting minutes suggest RBA upbeat about economic development, unlikely to lower rates soon

Apr 19, 2016 05:32 am UTC| Commentary Central Banks

The RBA April board meeting minutes were released this morning. According to the minutes, the central bank is optimistic about the domestic economic developments, said St George Economics. However, the RBA raised worries...

Upbeat inflation data pushes back RBNZ rate cut expectations

Apr 18, 2016 15:37 pm UTC| Commentary Central Banks

Statistics New Zealand data released on Monday showed that NZ consumer price index had risen 0.2 percent in the first quarter, higher than the 0.1 percent expected by analysts. Year on year came in line with expectations...

ECB lending survey for April likely to indicate declining credit standards for companies

Apr 18, 2016 11:04 am UTC| Commentary Central Banks

The April ECB lending survey, which was carried out in March, is expected to indicate easing signs in credit standards for loans to firms, according to Societe Generale. Meanwhile, consumer standards are likely to be...