Emerging Market Crisis Series

Improved RBI's policy credibility improves investor confidence

Nov 13, 2015 07:10 am UTC| Commentary Central Banks

The sell-off in the INR in near-term can be seen as opportunity to re-enter long positions in the currency versus the EUR. If the oil prices remain low, the improvement in Indias current account and fiscal balance...

Malaysia's BNM likely to be on hold through 2016

Nov 13, 2015 05:01 am UTC| Commentary Central Banks

Bank Negara Malaysia (BNM) Governor Zeti in her press conference clearly indicated that monetary policy conditions remain accommodative, and that MYR weakness owed largely to slower growth in China, imminent rate hikes in...

Banxico’s rate hike unlikely before June 2016

Nov 13, 2015 04:52 am UTC| Commentary Central Banks

Central Bank of Mexico released the minutes of the October 29 meeting. The Bank hold the reference rate unchanged at 3.00%. Banxico is expected to wait till domestic conditions improved to adjust the monetary policy rather...

Expectations from ECB likely heightened

Nov 13, 2015 04:41 am UTC| Commentary Central Banks

EUR/USD recorded its largest drop since QE was announced, following ECBs October meeting, when President Mario Draghi hiked market anticipations for an action in December meeting. FX markets were looking at Feds...

ECB chief sounds dovish ahead of today’s GDP report

Nov 13, 2015 02:49 am UTC| Commentary Central Banks

There has been much focus on the rhetoric out of the US Fed and European Central Bank (ECB) to reaffirm the underlying monetary divergence theme. At last evenings European Parliaments Economic and Monetary Affairs...

Fed versus ECB in December: lift-off versus easing

Nov 12, 2015 23:47 pm UTC| Commentary Central Banks

Recent testimony by Chair Yellen regarding the Feds confidence in the economys performance, coupled with the robust consumption-related data in recent weeks (including the sharp rebound in October employment), make a...

Swedish inflation on track, in line with Riksbank’s view

Nov 12, 2015 16:50 pm UTC| Commentary Central Banks

Inflation for October came out very much as expected. The CPI rose by 0.1% on the month, in line with forecasts. CPIF stood at 1.1% y/y, a tad higher than we had expected (1.0%) but in line with consensus and the Riksbanks...