US Fed likely to pay more attention to November ISM non-manufacturing index

Dec 02, 2015 06:34 am UTC| Commentary Central Banks

US ISM manufacturing Index dropped to 48.6 in November from that of the previous months 50.1, also lower from the market consensus expectations of 50.5, lowest level since June 2009. Last year, the manufacturing alone...

Fed's rate hike may hit auto market next year

Dec 02, 2015 04:19 am UTC| Commentary Central Banks

Auto sales for November in the U.S. came in line with Octobers result as the seasonally-adjusted annualized rate stood at 18.13 million units. The auto market in the country is performing better. Of the top-selling...

Currency War Series

BoK likely to deliver another 25 bp rate cut in Q1 16

Dec 02, 2015 04:16 am UTC| Commentary Central Banks

Korean governments increased efforts to recycle Koreas current account surplus is in line with the focus on engineering a weak KRW bias will continue. The broader trend stays steady, marked by slow inventory clearance and...

RBI on hold, along expectations

Dec 02, 2015 02:51 am UTC| Commentary Central Banks

The Reserve Bank of India (RBI) policy review yesterday was largely a nonevent. The benchmark Repo rate was left unchanged at 6.75%, along with steady reserve ratios. Inflation estimate for Jan-Mar16 was maintained at 5.8%...

Currency War Series

Taiwan central bank to cut policy rates again, possibly by another 12.5bp in December

Dec 01, 2015 23:31 pm UTC| Commentary Central Banks

Regarding monetary policy, oya GDP growth, which attract most attention from policymakers and the public, is expected remain negative in 4Q15 and 1Q16. Indeed, even the governments forecast of 1.06%oya for full-year 2015...

Currency War Series

ECB to ease on multiple fronts

Dec 01, 2015 22:31 pm UTC| Commentary Central Banks

Recent Euro area data have been stronger than expected, suggesting some upside to the near-term growth trajectory. Expectations run high that the ECB will implement broad-based easing. Rather than a fine-tuning step the...

Currency War Series

SNB should act more than anybody

Dec 01, 2015 15:03 pm UTC| Commentary Central Banks

Swiss National Bank (SNB) can be called as the top most conservative central bank in the modern world and probably the most away from mandate. Price stability is the key objective of Swiss National Bank (SNB), which...