PBoC likely to ease monetary policy before Chinese New Year
Jan 14, 2016 09:28 am UTC| Commentary
The Peoples Bank of China has injected CNY 160bn through 7-day reverse repos today in the morning. Moreover, in a bid to cool the market fears, the central bank sent USD-CNY fixing rate 14pips lower. However, there were...
RBI rate cut expectations rise on weak IIP data
Jan 14, 2016 06:55 am UTC| Commentary
Indias Index of Industrial Production (IIP) and headline CPI data have raised expectations for the RBI to further ease the monetary policy. As inflation continues to be within the central banks target rate at 5.6% y/y and...
Fed would welcome interest rate hike even in 2016
Jan 13, 2016 22:14 pm UTC| Commentary
While looking at the current economic situation in US, markets expect better than expected GDP as well as labour market report in coming months. Such favourable economic data lead the Fed to surprise markets positively,...
ECB to maintain dovish bias in 2016
Jan 13, 2016 21:33 pm UTC| Commentary Central Banks
Recently US crude futures slipped below the key $30 level for the first time since December 2003. Due to the free fall of oil prices, markets anticipate further rate cuts by ECB in March. Indeed, Brent oil prices are now...
Hungarian base rate likely to cut from 1.35% to 1% in H1 2016
Jan 13, 2016 12:03 pm UTC| Commentary Central Banks
MNB economist and director Barnabas Virag recently stated that there is still space for further monetary easing in Hungary. With the preparation of estimates for the Q4 Inflation Report, the inflation developments have...
Global markets concerned over diverging monetary policies
Jan 13, 2016 11:27 am UTC| Commentary
The U.S. Federal Reserve monetary tightening initiations lead to global monetary policy divergence as most Asia-Pacific economies are seen maintaining an easing bias in the near future. In this context, global economies...
Further quantitative easing measures unlikely from BoJ
Jan 13, 2016 10:40 am UTC| Commentary Central Banks
Bank of Japans monetary authorities are seen confident to achieve the price stability target of 2% Y/Y facilitated by current asset purchase program that seeks to increase the monetary base by 80 trillion annually....
UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery
FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update