SNB unlikely to cut rates further
Dec 21, 2015 07:08 am UTC| Commentary
Since EUR/CHF stepped up into higher range in July/August, it has been trading around 1.07 to 1.10, which leaves USD/CHF determined by EUR/USD. After the ECB meeting, SNB also held off from easing. It is still...
Turkey's CBT likely to raise repo rate to 9.5pct by Q1 16
Dec 21, 2015 06:05 am UTC| Commentary Central Banks
The central bank of Turkey is likely to hike its bank rate in order to balance the interest rate differential caused by recent rate hike by the U.S. Fed. The CBT increased remuneration on FX required reserves by 25bp last...
Banxico likely to deliver two more rate hikes in near future
Dec 21, 2015 05:23 am UTC| Commentary Central Banks
Last week, the central bank of Mexico its bank rate by 25bps in order to protect the MXN. The country is suffering from a lower inflationary pressure as it reached to a historical low, therefore, the Banxico is expected to...
Banxico to deliver two more pre-emptive hikes
Dec 21, 2015 00:23 am UTC| Commentary Central Banks
Last week Banxico increased the Fondeo rate 25bp as a pre-emptive hike to protect the MXN. With inflation running at historical lows and no demand pressures on sight, Banxico is expected to deliver two more pre-emptive...
SEK, NOK: Regional divergence intact for 2016
Dec 20, 2015 22:33 pm UTC| Commentary Central Banks
Both the Riksbank and Norges Bank left policy unchanged last week. In the near term, EURNOK is expected to trade hand-in-hand with oil prices but think a correction lower is more likely than a break higher into year-end as...
BoJ surprise and focus for the year-end
Dec 20, 2015 21:19 pm UTC| Commentary Central Banks
The Bank of Japan (BoJ) decided on surprise measures to qualitatively supplement its QQE without further quantitative easing last week. Governor Kuroda at the post-meeting press conference described the decision as a...
RBA unlikely to raise overnight rate till H2 2017
Dec 18, 2015 12:45 pm UTC| Commentary Central Banks
The growth rate of leading indicators in Australia are disappointing since last five month as the growth rate mired below trend. This indicates a weaker momentum in Australian economy in first half of 2016. Australian...
UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery
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