Currency War Series

Currency War Series

Riksbank standing pat despite SEK appreciation – gains seem fragile in Q1 2016

Dec 31, 2015 09:34 am UTC| Insights & Views Central Banks

Swedish Krona has traded sturdily during November and early- December, gaining against almost all G10 currencies. Despite SEK strength, the Riksbank left rates unchanged at the December 15 meeting and also left its...

Currency War Series

Bank of Thailand likely to keep rates unchanged through 2016

Dec 31, 2015 06:27 am UTC| Commentary Central Banks

There is a very slight improvement in Thailands growth and low inflation, but against this backdrop, Bank of Thailand is likely to keep the monetary conditions accomodative. The central bank clearly stated that the...

Currency War Series

Bank of Korea likely to deliver another 25 bp rate cut in Q1 2016

Dec 31, 2015 04:41 am UTC| Commentary

In Korea, the broader trend remains steady, while the domestic and services stabilised after MERS outbreak, the challenging export environment and some sequential playback in private consumption are expected to show slow...

Currency War Series

Softness in Korean trade and production likely to keep BoK’s monetary stance accommodative in 2016

Dec 30, 2015 03:32 am UTC| Commentary Central Banks Economy

Korean industrial output dropped unexpectedly 0.3% year on year in November, much weaker than what market consensus has expected. On a seasonally adjusted mom basis, the industrial production declined 2.1%. This...

Currency War Series

Bank Indonesia likely to retain an easing bias through 2016

Dec 29, 2015 08:03 am UTC| Commentary Central Banks

Indonesian Rupiah was one of the least performing currency in Asia in November which has gone some way to correct the overbought conditions in October when it rose 7.2%. Bank Indonesia eased its monetary policy by...

Currency War Series

Bank of Korea likely to stand pat in 2016

Dec 29, 2015 06:20 am UTC| Commentary Central Banks

Bank of Korea left its benchmark rate steady at 1.5% in December for 6th time as widely predicted. With growth and inflation basing, expansionary budget and ending of MERS, BoK might likely remain on hold in next...

Currency War Series

Reserve Bank of India likely to deliver 25 bps rate cut in 2016

Dec 29, 2015 05:46 am UTC| Commentary Central Banks

Reserve Bank of India left its benchmark rate at 6.75% in December, which was expected after Septembers hogher than expected 50bp rate cut. RBI Governor Rajan said, The Reserve Bank will use the space for further...