BOK cut likely to weigh further on KRW

Mar 13, 2015 05:28 am UTC| Commentary

The Bank of Korea (BoK) surprised the market by cutting the base rate by 25bps to 1.75%, a record low - even lower than the level reached during the global financial crisis in 2009. The move was against the market...

Philippines remittance growth likely slowed in January

Mar 13, 2015 05:21 am UTC| Commentary

The Philippines will release January overseas workers remittance data on 16 March.Standard Chartered notes the forecasts on Friday as follows: We expect remittances to have grown 5.2% y/y, following a 6.6% rise in...

India WPI likely moved lower in February

Mar 13, 2015 05:19 am UTC| Commentary

India is due to release WPI inflation data for February on 16 March.Standard Chartered notes the forecasts as follows: We expect the WPI to have contracted 0.6% y/y (previous: -0.38%). While petrol and diesel prices...

Indonesia Trade surplus likely increased in February

Mar 13, 2015 05:17 am UTC| Commentary

Indonesias National Statistics Agency (BPS) will release February trade data onMonday, 16 March.Standard Chartered notes the forecasts as follows: The trade surplus to have increased to USD 0.9bn from USD 0.7bn in...

USD-IDR to remain on an uptrend

Mar 13, 2015 05:05 am UTC| Commentary

A BI policy rate cut next week would surprise FX markets as well. A kneejerkmove higher is expected in USD-IDR in response to any policy easing.Standard Charterd notes as follows on Friday: More generally, we expect...

BI likely to cut and signal a long pause

Mar 13, 2015 05:01 am UTC| Commentary

Bank Indonesia (BI) will hold its policy meeting on Tuesday, 17 March. A rate cut is expected but the central bank unlikely will ease monetary policy aggressively this year.BI Governor Agus Martowardojo has said that BI...

Potential scenarios ahead for US Fed

Mar 13, 2015 04:04 am UTC| Commentary

According to Rabobank commentary, the most cogent underlying argument the Fed seems to have for a rate hike is that they had better move rates up now so that when things go wrong ahead they have room to move them down...