Japan rates: Weekly review

Oct 16, 2015 00:29 am UTC| Commentary

Regardless of whether or not the BoJ eases further this month, it is believed that neither the domestic nor overseas economic outlook is strong enough for it to begin the normalization process prior to the next consumption...

Euro area money market rates: Depo rate cut expectations have been the main driver

Oct 16, 2015 00:08 am UTC| Commentary

After last weeks sell-off, probably related to some profit-taking following the end-of September rally, euro short rates have dropped again over the past few days. As of the time of writing, the 1y Eonia has dropped to a...

Mixed signals on the likely timing of ECB easing

Oct 15, 2015 23:49 pm UTC| Commentary Central Banks

Given the increasing market expectations of easing, the key event in Europe next week will be the ECB meeting on Thursday. The ECB is expected to provide more accommodation before year-end - ie, either next week or at the...

US rates: Weekly review

Oct 15, 2015 23:25 pm UTC| Commentary

The Treasury expects the extraordinary measures to be exhausted no later than November 3 with less than $30bn in cash on hand. The debt limit is expected to be raised in time, and investors do not appear too worried,...

New Zealand Consumer price inflation was slightly stronger than anticipated

Oct 15, 2015 23:00 pm UTC| Commentary

Consumer price inflation was slightly stronger than the market anticipated in the September quarter. Annual non-tradables inflation fell to 1.5%, the lowest annual rate since December 2001, and was slightly weaker than...

ECB cutting the deposit rate further only likely in a much worse scenario

Oct 15, 2015 22:45 pm UTC| Commentary Central Banks

With headwinds for the euro area coming mainly from external demand, one option for the ECB would be to push for a weaker euro. A view shared by the ECBs Governing Council in its latest Accounts, it would require a major...

ECB growing more concerned about weak inflation?

Oct 15, 2015 22:18 pm UTC| Commentary Central Banks

Europe could well impact the global market tone next week and mostly toward the end of the week when the European Central Bank meets on Thursday and then growth sentiment readings hit the tapes the next day. The focus...