Rationale behind 'no Fed hike' in September and growth-inflation projections for 2016

Sep 11, 2015 09:33 am UTC| Commentary Central Banks

On U.S. Job market: On the labor market front, the unemployment rate has fallen sharply and at 5.1% is already through the Feds YE 15 forecast. At the same time, however, there has been no uptick in wage growth this year....

BoE's inflation expectations to soften

Sep 11, 2015 06:32 am UTC| Commentary Central Banks

The Bank of Englands quarterly survey of inflation expectations asks householders for their expectations at the 1, 2 and 5 year horizons. The Banks belief is that the 5-year expectation is a good measure of the credibility...

Areas of change in BoK September Statement from August

Sep 11, 2015 05:21 am UTC| Commentary Central Banks

The BoK downgraded its external assumptions and acknowledged that the global economy will recover at a slower pace than its August assessment: the global economy will maintain its recovery going forward, albeit at a...

US Fed unlikely to hike next week

Sep 11, 2015 03:55 am UTC| Commentary Central Banks

Next week, all eyes will be on the September FOMC meeting, at which the Fed will also release the updated summary of economic projections, followed by the press conference. The Fed is unlikely to hike next week, despite...

Singapore: A tougher decision to hold policy

Sep 11, 2015 02:07 am UTC| Commentary Central Banks

The MAS to leave the slope, width and midpoint of the SGD NEER policy band unchanged at its October meeting. Growth and inflation rates have fallen by more than expected this year, but not by enough to trigger further...

Weekly US rates review

Sep 10, 2015 23:51 pm UTC| Commentary Central Banks

US yields sold off modestly over the week, with 10y yields rising to 2.23%, as risk assets stabilized amid little economic data. Fedspeak was modestly dovish, with San Francisco Fed President Williams noting that his...

RBI highly likely to cut rates

Sep 10, 2015 23:32 pm UTC| Commentary Central Banks

The Reserve Bank of India (RBI) is expected to ease during the upcoming policy meeting on 29 September. 1y NDOIS is currently pricing in about 75bp of cut in the next 1y. One more cut is expected to materialize early next...