ECB to continue its QE purchases beyond September 2016

Sep 04, 2015 03:16 am UTC| Commentary

ECB president Mario Draghi was very dovish at todays ECB meeting and the ECB is now expected to extend QE purchases beyond September 2016. The ECB projects headline inflation will be only around 0.9% in Q2 16 and 1.2% in...

RBNZ's OCR outlook beyond September

Sep 04, 2015 03:11 am UTC| Commentary Central Banks

Sooner or later, the RBNZ will cross the 2.5% threshold. New Zealand is entering a significant economic slowdown at a time when core inflation is already well below the RBNZs target, meaning monetary policy has a great...

RBNZ to cut again later this year

Sep 04, 2015 03:08 am UTC| Commentary

Back in June the RBNZ cut the OCR, and signalled that it expected one follow-up cut at an unspecified date later in the year. Shortly afterwards, New Zealand was subject to a shocking run of data. Global dairy prices...

Stagnancy sets in Indian monsoon

Sep 04, 2015 03:05 am UTC| Commentary

Indian rainfall conditions were broadly unchanged last week. Cumulative rainfall between 1 June and 3 September was 12% below normal, unchanged from the previous week. The geographic distribution however has deteriorated,...

RBI to cut repo rate in September

Sep 04, 2015 03:04 am UTC| Commentary Central Banks

The recent drop in Indias CPI inflation should help to assuage inflationary concerns at the central bank. In its latest monetary policy statement in early August, the Reserve Bank of India (RBI) noted that risks to...

Aussie plunges to fresh 6.5-year low in search of new floor

Sep 04, 2015 02:57 am UTC| Commentary

The Australian dollar fell to its lowest in six-and-a-half years against the greenback on Friday, and some strategists say the currency has further to go before finding a new floor. On Friday afternoon in Sydney the...

Asian market mixed after ECB, US NFP in focus

Sep 04, 2015 02:44 am UTC| Commentary

Asian markets traded mixed on Friday as US markets closed likewise overnight after the European Central Bank (ECB) meeting. The ECB struck a dovish tone when President Mario Draghi signalled that the bank stood by to...