ECB likely to lower depo rate in March, may announce technical changes to QE design

Feb 16, 2016 06:13 am UTC| Commentary Central Banks

ECB President Draghi, during his speech at the European Parliaments Economic and Monetary Affairs Committee, reiterated that the central bank will review and possibly reconsider its monetary policy stance during the March...

Currency War Series

BoK holds interest rate, likely to lower in March

Feb 16, 2016 05:37 am UTC| Commentary Central Banks

The Bank of Korea kept the policy rate unchanged at 1.5% in February, on par with expectations of economists polled by Bloomberg. The central bank expanded its special loans facility to KRW29tn in order to stop the drop in...

Digital Currency Revolution

PBoC Takes Next Step Towards Digital Currency, Explores Related Technologies 

Feb 16, 2016 05:19 am UTC| Digital Currency Central Banks

Peoples Bank of China Governor Zhou Xiaochuan, in a latest interview with Caixin Weekly, has suggested that the central bank is not only interested in digital currencies but is also researching related technologies. The...

Currency War Series

BOK rate decision likely to be a close call

Feb 15, 2016 14:50 pm UTC| Commentary Central Banks

The Bank of Korea meets tomorrow to decide interest rates and expectations are for the BOK to turn dovish. The probability of a rate cut is currently high due to a weaker global manufacturing index, lower stock prices and...

AUD/USD intraday bias remains neutral, RBA meeting minutes in focus

Feb 15, 2016 10:15 am UTC| Technicals Central Banks

Pair is well supported above $0.7100 levels. It made intraday high at $0.7171 and low at $0.7100 levels. Corrective rebound from $0.6826 should have completed at 0.7241 already. On the top side, a daily...

Indonesia’s trade surplus raises the probability for another rate cut from BI

Feb 15, 2016 10:07 am UTC| Commentary Economy Central Banks

Indonesias January trade balance recorded a minor surplus of 50 million USD, as compared to market expectation of 241million USD deficit. However, the overall trade activity remains subdued as exports declined 20.7% y/y...

Currency War Series

South Korean central bank likely to keep rates on hold until end of 2016

Feb 15, 2016 06:37 am UTC| Commentary Central Banks

The Bank of Korea, at its upcoming meeting, is likely to keep its policy rate unchanged at 1.50%. The committee is expected to discuss the current global financial market volatility during the meeting, while several...