Currency War Series

Currency War Series

Mexico CPI: Forget about inflation in the near future, Banxico will follow the Fed

Dec 23, 2015 21:22 pm UTC| Commentary Central Banks

Mexicos CPI increased 0.26% 2w/2w in the first fortnight of December as a result of price increases in airfares and tourism services, partially compensated by lower prices in some durables such as televisions and tires....

Currency War Series

Singapore's MAS unlikely to revise its monetary policy

Dec 23, 2015 09:21 am UTC| Commentary

Headline inflation in Singapore for November remained steady and stood at -0.8% year on year. For last thirteen months, the gauge is in negative territory. Similarly, the core inflation surprisingly reduced to 0.2% y/y...

Currency War Series

Malaysia's BNM likely to remain on hold through 2016

Dec 23, 2015 05:32 am UTC| Commentary Central Banks

Inflation rate in Malaysia is moving in upward trend as it posted 2.6% year on year increase in November. The higher inflation rate is largely contributed by tobacco prices. The Malaysian government raise taxes in the...

Currency War Series

South Africa's SARB likely to hike 25bp in January, with risks tilted to a 50bp move

Dec 23, 2015 00:30 am UTC| Commentary

The SARB is expected to hike 25bp in January (with risks of a 50bp move) and see the policy rate at 7.25%-7.50 by end- 2016 with GDP growth at 1.2%y/y, modestly softer than this year. In the near term, strict fiscal...

Currency War Series

Israel rate hikes are still a long way off

Dec 22, 2015 12:45 pm UTC| Commentary Central Banks

Israel growth was a little disappointing in latest quarters, specifically with the exports being weak. The Bank of Israel is likely with a dovish bias, but does not want to move into negative rates or implement other...

Currency War Series

Scandi currencies experiencing divergence after CBs stand pat in monetary policy

Dec 22, 2015 11:44 am UTC| Insights & Views Central Banks

Both the Riksbank and Norges Bank left policy unchanged last week, in line with the forecasts. We would be looking for a meaningful move lower to engage in long positions ahead of weak Q1 data and an eventual Norges Bank...

Currency War Series

Central Bank of Republic of Turkey likely to rise repo rate by 50bps

Dec 22, 2015 10:10 am UTC| Commentary Central Banks

Turkeys central bank, CBRT is yet to announce its rate decision today. Most of the market participants expect the bank to rise its repurchase rate by 50 basis points to 8%. The central bank governor Basci presentes the...