
Currencies nervous ahead of Fed rate lift-off expected on 16 Dec
Dec 14, 2015 02:39 am UTC| Commentary Central Banks
Currencies are nervous ahead of the first US rate lift-off widely expected on 16 Dec. The weak tone in equities is reflected by the flight to safety into the Japanese yen and the Swiss franc. USD/JPY is below 121.62, the...
Bank Indonesia rate steady at 7.5%
Dec 14, 2015 02:07 am UTC| Commentary Central Banks
Bank Indonesia (BI) loosened its monetary policy stance by lowering the reserve requirement rate in November. What the central bank will do this week is likely to be dependent on the US Fed rate decision and its potential...

Don’t underestimate the chance of a further rate cut in Taiwan
Dec 14, 2015 01:57 am UTC| Commentary Central Banks
Taiwans central bank (CBC) is scheduled to review monetary policy this Thursday, immediately after the FOMC meeting. Market opinions are divided regarding whether the CBC will cut rates at a same time when the Fed is about...
Dec 14, 2015 00:30 am UTC| Commentary Central Banks
An underperformance of MXN is expected, particularly on Thursday, since no change is expected in the fondeo rate, compared with market consensus for a 25bp increase. The path implied in the TIIE curve for the overnight...
More weakness for the Columbian peso if Banrep holds
Dec 14, 2015 00:10 am UTC| Commentary Central Banks
In Colombia, Banrep is expected to pause its hiking cycle, as the economic outlook for 2016 has deteriorated in recent weeks. OPECs lack of agreement on a production quota is likely to keep oil prices depressed next year,...
RBA likely concerned by relative currency strength
Dec 13, 2015 21:59 pm UTC| Commentary Central Banks
The RBA board minutes are due on Tuesday, and they are expected to show that the board has been encouraged by signs of stronger activity, as well as more evidence that the latest round of macroprudential measures is...
FOMC in focus, but also watch for BoJ Tankan and BoJ policy meeting
Dec 13, 2015 21:19 pm UTC| Commentary Central Banks
With a December FOMC lift-off mostly priced in by the markets, the focus will be on how the Fed communicates its rate hike path through Yellens press conference and dot charts. While a dovish surprise would likely weigh on...