Will BOK intervene to curb KRW volatility?
Feb 19, 2016 16:03 pm UTC| Commentary Central Banks
The South Korean Won fell 5.3% against the US dollar year-to-date, emerging as the worst performer among Asian currencies. Geopolitical tension triggered capital outflows from the economy. Global funds have pulled $2.8bn...
CHF value justifies further SNB action?
Feb 19, 2016 14:41 pm UTC| Commentary Central Banks
Despite the turmoil in the global equity markets, the Swiss Franc has remained on a weakening trend since the start of the year. The temporary strength seen in early February on volatility and Fed re-pricing is unlikely to...
It is too late for Banxico to stop peso’s decline via rate hike
Feb 19, 2016 07:19 am UTC| Commentary Central Banks
The Bank of Mexico unexpectedly raised its overnight rate to 3.75% yesterday in a bid to support its weakening currency. The timing of the rate rise was a surprise to markets. The inflation situation and state of the...
Strong reaction to Riksbank’s rate cut decision unlikely to deter ECB from easing policy in March
Feb 18, 2016 07:40 am UTC| Commentary Central Banks
The adverse response to Swedens Riksbanks decision last week to further cut policy rate below zero from -0.35% to -0.50% indicates investors worries regarding the impact of negative interest rates on the profitability of...
The factors causing BoC's easing essential
Feb 17, 2016 12:27 pm UTC| Insights & Views Central Banks
USD/CAD trimmed yesterdays gains to trade at 1.3843, the pairs lowest since February 5th, during early European session, still down 0.12%. But the Canadian dollar weakened after a meeting between oil ministers from Saudi...
BoK holds interest rate, likely to lower in March
Feb 16, 2016 05:37 am UTC| Commentary Central Banks
The Bank of Korea kept the policy rate unchanged at 1.5% in February, on par with expectations of economists polled by Bloomberg. The central bank expanded its special loans facility to KRW29tn in order to stop the drop in...
BOK rate decision likely to be a close call
Feb 15, 2016 14:50 pm UTC| Commentary Central Banks
The Bank of Korea meets tomorrow to decide interest rates and expectations are for the BOK to turn dovish. The probability of a rate cut is currently high due to a weaker global manufacturing index, lower stock prices and...
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