RBA on hold but AUD still heading lower

Aug 02, 2015 21:27 pm UTC| Commentary Central Banks

RBA (Tuesday) is expected to keep the cash rates at a record low of 2%, as strong house prices remain a major obstacle to a further cut. Annualized growth in national house prices accelerated to around 15% over May and...

RBI’s stance to turn more accommodative

Aug 02, 2015 07:47 am UTC| Commentary Central Banks

Reserve Bank of India (RBI) are expected to keep the key policy rates unchanged next week, according to economists at Barclays. However, the RBIs monetary policy stance will likely turn softer withthe risk of one more repo...

Monetary policy divergence starts to widen

Aug 02, 2015 06:15 am UTC| Commentary Central Banks

With Fed/BOE hiking and ECB/BOJ easing,there isan equally marked divergence in monetary policy settings among EM central banks as well with Asia on an easing bias and EMEA and Latin America on a neutral or tightening...

Fed goes slightly more hawkish

Aug 01, 2015 06:52 am UTC| Commentary Central Banks

The FOMC statement was somewhat more hawkish because of the following points. It did not change inflation guidance despite materially lower commodity prices since the June FOMC. That said, gone is reference to how...

Fed looking for only 'some' more improvement

Aug 01, 2015 06:23 am UTC| Commentary Central Banks

The recent U.S. dollar strength is largely a function of Fed policy expectations. Liftoff had previously been pushed out into 2016 due to the U.S. economy stumbling at the start of the year. But, improving economic...

Many market participants skeptical of Fed hike

Jul 31, 2015 07:52 am UTC| Commentary Central Banks

The signal yesterdays GDP data for Q2 sent out was that US economy is humming. Even though GDP growth corresponded more or less to expectations at 2.3% qoq annualised. As a result there is not much left of the collapse...

Central Bank of Russia may go for rate cut

Jul 31, 2015 07:46 am UTC| Commentary Central Banks

The recovery of the ruble ran out of stem intraday yesterday, as a result USD-RUB is once again aiming for the 60 mark. Today attention is focussing on the central banks rate decision. The majority of analysts expect a...