Credit spending buoyant in Australia, thanks to RBA accommodation

Oct 12, 2015 10:11 am UTC| Insights & Views Central Banks

Latest report shows residents of Australia is availing the benefits of lower rates from Reserve Bank of Australia (RBA), which is at record low of 2%. RBA has reduced rates twice this year so far and held policy steady...

BoJ's QE expansion likely due to weak corporate inflation outlook

Oct 12, 2015 04:10 am UTC| Commentary Central Banks

The Bank of Japan (BoJ) kept its monetary policy unchanged last week despite some market speculations for a surprise early action. Their inaction and relatively optimistic statements resulted in a rather limited reaction...

BOK to hold rates steady this week, despite global growth concerns and delay of Fed rate hikes

Oct 12, 2015 01:55 am UTC| Commentary Central Banks

The Bank of Korea will review monetary policy and update economic forecasts when they meet this Thursday. The BOK is expected to hold rates steady at 1.50%, despite the global growth concerns, delay of Fed rate hikes and...

NJA: MAS and BoK in focus

Oct 11, 2015 21:47 pm UTC| Commentary Central Banks

USDAsia crosses have pulled back sharply over the past week, following a disappointing US payrolls report, FOMC minutes signaling patience, and continued recovery in risky assets. YTD underperformers such as IDR and MYR...

Back to data watching as we await the 30 October BoJ

Oct 11, 2015 21:05 pm UTC| Commentary Central Banks

The Bank of Japan (BoJ) kept its monetary policy unchanged last week despite some market speculations for a surprise early action. Their inaction and relatively optimistic statements resulted in a rather limited reaction...

Domestic data to confirm BoE's cautious stance

Oct 11, 2015 20:23 pm UTC| Commentary Central Banks

UK CPI inflation (Tuesday) is expected to show a print of -0.1% m/m (consensus 0.0% m/m) in September, following a flat reading in August. On Wednesday, labour market data will be released. Unemployment in August is...

Chinese FX reserves data add to first signs of stabilisation

Oct 09, 2015 14:51 pm UTC| Commentary Central Banks

In China, data for FX reserves added to signs that the Chinese business cycle is bottoming. FX reserves fell by USD43.3bn, which was less than expected and a much smaller decline than in August, when reserves fell a record...