India - A 25bps repo-rate cut is likely on 2 June

May 31, 2015 21:37 pm UTC| Commentary

The Reserve Bank of India (RBI) is expected to reduce its repo rate 25bps to 7.25% in its meeting on 2 June. It last reduced the rate in an inter-meeting move in March.CPI inflation remained subdued at 4.87% y/y in April....

Euro area – May CPI likely ticked up to 0.1% y/y

May 31, 2015 21:30 pm UTC| Commentary

The May euro-area CPI inflation rate release, due on Tuesday, is expected to have accelerated to 0.1% y/y from 0.0% prior. Core CPI likely remained unchanged at 0.6% y/y.Headline CPI moved out of negative territory in...

Thailand – Inflation likely bottomed out in May

May 31, 2015 21:24 pm UTC| Commentary

Thailand will release May CPI data on 2 June. Negative inflation is expected for a fifth consecutive month of 1.29% y/y, mainly due to lower global oil prices.However, It is believed that the inflation has bottomed out, as...

Australia - RBA on hold with easing bias

May 31, 2015 21:04 pm UTC| Commentary

After cutting rates to a record low of 2% in May, the RBA is expected to keep the cash rate steady in June. The RBA has an easing bias, reflecting its forecast profile, where the average underlying inflation rate over 2016...

CAD - Labour market data in focus

May 31, 2015 20:57 pm UTC| Commentary

The CAD lost almost 2% versus the USD last week with disappointing Canadian Q1 economic growth underscoring the currency weakness.This week, labour market data on Friday will be closely watched. The market is forecasting...

Japan - Eyes on political rhetoric

May 31, 2015 20:52 pm UTC| Commentary

USDJPY finally broke above the recent range (118-122) and rallied through the high since 2007 (124.14). Broad USD strength following upside surprises from US economic data, as well as relatively light positioning in the...

UK - No surprise in an unchanged BoE – PMI data in focus

May 31, 2015 20:47 pm UTC| Commentary

The consensus expect no change in the BoEs policy stance with the MPC leaving the Bank Rate at 0.5% and stock of asset purchases at GBP375bn (Thursday), therefore issuing no statement.The MPCs discussion will likely have...