Additional policy easing from Monetary Authority of Singapore unlikely in April 2016

Oct 14, 2015 11:07 am UTC| Insights & Views Central Banks

The Monetary Authority of Singapore in a somewhat unexpected move today lowered the SGD NEER slope by 0.5% to 1% from the previous market assumption of 1.5%. The much-smaller-than-expected move suggests that the MAS...

Singapore's MAS does bare minimum easing

Oct 14, 2015 06:47 am UTC| Commentary Central Banks

The Monetary Authority of Singapore (MAS) implemented the minimum form of easing in the latest policy statement. This is despite the modest growth picture and subdued inflation. MAS reduced the slope of the SGD NEER...

RBNZ likely to ease further in October

Oct 14, 2015 04:02 am UTC| Commentary Central Banks

The Governor of the RBNZ gave an interesting speech on the state of central banking, which referred to the risk of low interest rates feeding house price inflation and the need for monetary policy to have regard to the...

RBI turns net seller of dollars after a year

Oct 14, 2015 02:26 am UTC| Commentary Central Banks

The Reserve Bank of India stepped in to support the rupee back in August, when the domestic unit along with regional counterparts depreciated in wake of CNY devaluation. The central bank sold USD 1.6bn in August, turning a...

Central Bank of Chile (BCCh) to keep rates unchanged despite recent warning on policy shift

Oct 13, 2015 23:18 pm UTC| Commentary Central Banks

August growth number simply raised the uncertainty about whether the economy has bottomed yet. Simultaneously, it also means that that inflation situation will be the only concern in the near term if the BCCh indeed...

New BOE MPC hire Gertjan Vlieghe is a mild dove

Oct 13, 2015 11:44 am UTC| Insights & Views Central Banks

Newest member of Monetary Policy Committee (MPC) of Bank of England (BOE) Gertjan Vlieghe, today in his first parliamentary hearing sounded as mild dove, though he reiterated majority view that rate hike is likely to be...

Trade War Series

Sniffing a peg break series - HKD peg under pressure, trapped in FED hike and Chinese slowdown

Oct 13, 2015 11:18 am UTC| Insights & Views Central Banks

For almost a month Hong Kong Dollar peg is under strain on the strong side, prompting authorities to intervene in the market. Though, theoretically a central bank can protect a peg, on strong domestic currency side by...