Renminbi Series

Today’s fixing indicates PBoC to take slow but steady approach

Dec 21, 2015 10:23 am UTC| Commentary Central Banks

After Peoples bank of China (PBoC) devalued Yuan for record 10th straight session on Friday, many had expected PBoC to break its record on Monday. Instead PBoC showed restrain and let the record live for at least next 11...

RBI may cut repo rate further

Dec 21, 2015 09:18 am UTC| Commentary Central Banks

Despite the global headwind the Indian economy is is continue to performing well. The economy is growing around 7.3 percent in 2015 is expected to post 7.5% growth next year. On the other hand, the inflation rate in the...

Norges Bank’s guidance signals another rate cut

Dec 21, 2015 08:20 am UTC| Commentary Central Banks

Norwegian Krone continues to trade poorly, driven by prices of crude, with EUR/NOK reaching the years high crossing 9.50 in early December and NOK/SEK falling to 23 year low. Significant easing of monetary policy...

BoI unlikely to change its existing base rate

Dec 21, 2015 06:46 am UTC| Commentary Central Banks

The central bank of Israel is expected to retain its base rate at 0.10% on its rate decision scheduled next week. The recent Fed rate hike caused the ILS to depreciate, and inflation rate is below the target at -0.9%...

Currency War Series

Turkey's CBT likely to raise repo rate to 9.5pct by Q1 16

Dec 21, 2015 06:05 am UTC| Commentary Central Banks

The central bank of Turkey is likely to hike its bank rate in order to balance the interest rate differential caused by recent rate hike by the U.S. Fed. The CBT increased remuneration on FX required reserves by 25bp last...

Currency War Series

Banxico likely to deliver two more rate hikes in near future

Dec 21, 2015 05:23 am UTC| Commentary Central Banks

Last week, the central bank of Mexico its bank rate by 25bps in order to protect the MXN. The country is suffering from a lower inflationary pressure as it reached to a historical low, therefore, the Banxico is expected to...

USD/JPY likely to continue to trade in the recent 123 range going into 2016

Dec 21, 2015 03:59 am UTC| Commentary Central Banks

Bank of Japan intended to suppliment its QQE programme qualitatively without any quantitative easing further in previous week. Governor Kuroda described the decision as supplementary adjustment despite additional easing,...