Currency War Series

Israel rate hikes are still a long way off

Dec 22, 2015 12:45 pm UTC| Commentary Central Banks

Israel growth was a little disappointing in latest quarters, specifically with the exports being weak. The Bank of Israel is likely with a dovish bias, but does not want to move into negative rates or implement other...

Further policy easing likely by Taiwan CBC in March next year

Dec 22, 2015 11:57 am UTC| Commentary Central Banks

Taiwans Governor Perng noted that the growth bottomed in second quarter and is likely to rise in 2016, he told that negative output gap is likely to widen further in next year. Specifically, he indicated that there is...

Currency War Series

Scandi currencies experiencing divergence after CBs stand pat in monetary policy

Dec 22, 2015 11:44 am UTC| Insights & Views Central Banks

Both the Riksbank and Norges Bank left policy unchanged last week, in line with the forecasts. We would be looking for a meaningful move lower to engage in long positions ahead of weak Q1 data and an eventual Norges Bank...

Oil in Global Economy Series

Lower oil prices may add pressure on ECB to “recalibrate” monetary policy in 2016

Dec 22, 2015 11:42 am UTC| Insights & Views Central Banks

The ECB has unleashed an unprecedented series of policy measures to try and push eurozone inflation back up to levels conducive to healthy economic growth. But even the most optimistic forecasts suggest that it could well...

Currency War Series

Central Bank of Republic of Turkey likely to rise repo rate by 50bps

Dec 22, 2015 10:10 am UTC| Commentary Central Banks

Turkeys central bank, CBRT is yet to announce its rate decision today. Most of the market participants expect the bank to rise its repurchase rate by 50 basis points to 8%. The central bank governor Basci presentes the...

Japanese SMEs pessimistic heading into 2016

Dec 22, 2015 09:34 am UTC| Commentary Business Central Banks

While Bank of Japan (BOJ) policymakers are more optimistic on economy despite risks from slowdown in China and other emerging markets, increased rates from US Federal Reserve, Japanese small business sector arent sharing...

Renminbi Series

China devaluing RMB- An inaccurate assessment?

Dec 22, 2015 07:23 am UTC| Commentary Central Banks

RMB was finally included in SDR, which was symbolic and political acheivement in Chinas long approach towards internationalising the RMB. Since the decision, CNH is worst performer in Asian currencies, with CNY not too far...