Bank of Thailand to keep rates steady
Dec 15, 2015 01:51 am UTC| Commentary Central Banks
Bank of Thailand (BOT) is likely to keep its policy rate steady this week. GDP growth momentum remains weak, dragged by a weak private sector demand. There is not much that the BOT can do on this front though. Households...
BOE hike path is underestimated, according to deputy governor
Dec 14, 2015 13:12 pm UTC| Commentary Central Banks
Market might be underestimating Bank of Englands (BOE) policymakers zeal to hike interest rates and market might be too dovish in their expectations of the path of hike, according BOE deputy governor, Minouche Shafik, at...
Low CEE inflation supports accommodative monetary policy
Dec 14, 2015 11:44 am UTC| Commentary Central Banks
On 11 December 2015, the Bank of Russia decided to keep the key rate at 11.00 percent per annum, in recognition of growing inflation risks, but the risks of economic cooling remain. The bank estimates annual pace of...
PBoC strikes a chord again – Is Fed likely to discount FX war?
Dec 14, 2015 10:56 am UTC| Insights & Views Central Banks
The focus for this week would be apart from the Fed meeting the main movers this week will be: US CPI (Tuesday) German ZEW (Tuesday) Euro Flash PMI (Wednesday) German Ifo (Thursday). Focus would remain to...
Banxico's policy rate likely to reach 4.0pct by end-2016
Dec 14, 2015 09:29 am UTC| Commentary Central Banks
The Banxico committee is schedule to meet on policy rates on 17th December, a day after U.S. Fed meeting. The central bank is expected to hike its bank rates by following the Fed. The Fed rate hike will increase the...
China's policymakers need to ease monetary policy further to support growth
Dec 14, 2015 09:22 am UTC| Commentary Central Banks
Chinese Yuan has slowly dropped against US dollar over last month. Novembers PBoC FX reserve data indicates active intervention to smooth out CNY depreciation pressures. This depreciation bias is expected to persist in...
INR relatively well insulated from Fed tightening fears
Dec 14, 2015 08:32 am UTC| Commentary
In EM currencies against US dollar, INR has so far been performing better. Lower crude oil prices helped to sustain the sharp decline in Indias current account deficit to 1.3% in Q2 2015, from 5% of Q2 2013. There is a...
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