CNB likely to remain committed to its EUR/CZK floor of 27.00 well into H2 2016

Dec 30, 2015 06:48 am UTC| Commentary Central Banks

Czech Republics headline inflation came in as a downside surprise over last six months. Inflation came in at 0.1% yoy in November while CNB forecasted it at 0.5%yoy. The central bank cited that lower than expected food...

Currency War Series

Softness in Korean trade and production likely to keep BoK’s monetary stance accommodative in 2016

Dec 30, 2015 03:32 am UTC| Commentary Central Banks Economy

Korean industrial output dropped unexpectedly 0.3% year on year in November, much weaker than what market consensus has expected. On a seasonally adjusted mom basis, the industrial production declined 2.1%. This...

Currency War Series

Bank Indonesia likely to retain an easing bias through 2016

Dec 29, 2015 08:03 am UTC| Commentary Central Banks

Indonesian Rupiah was one of the least performing currency in Asia in November which has gone some way to correct the overbought conditions in October when it rose 7.2%. Bank Indonesia eased its monetary policy by...

Currency War Series

Bank of Korea likely to stand pat in 2016

Dec 29, 2015 06:20 am UTC| Commentary Central Banks

Bank of Korea left its benchmark rate steady at 1.5% in December for 6th time as widely predicted. With growth and inflation basing, expansionary budget and ending of MERS, BoK might likely remain on hold in next...

Currency War Series

Reserve Bank of India likely to deliver 25 bps rate cut in 2016

Dec 29, 2015 05:46 am UTC| Commentary Central Banks

Reserve Bank of India left its benchmark rate at 6.75% in December, which was expected after Septembers hogher than expected 50bp rate cut. RBI Governor Rajan said, The Reserve Bank will use the space for further...

BOJ offers to buy 1.08 tln yen JGBs with residual maturities outright from 12/30

Dec 28, 2015 01:12 am UTC| Central Banks

BOJ offers to buy 350 bln yen JGBs (Residual maturity of 1YR to 3YR) outright from 12/30 BOJ offers to buy 350 bln yen JGBs (Residual maturity of 3YR to 5YR) outright from 12/30 BOJ offers to buy Y 240 bln JGBs...

Emerging Market Crisis Series

Banxico’s monetary policy triggers two targets in one go - Mexican inflation under the radar, MXN tames USD bulls

Dec 24, 2015 13:00 pm UTC| Commentary Central Banks

Last weeks the Fondeo rate 25 bps as a pre-emptive hike by Banxico to protect the MXN seems like serving the purpose at least in short run. With inflation running at historical lows and no demand pressures on...