Currency War Series

Currency War Series

Hungary's MNB’s rate cut likely in H1 16

Dec 09, 2015 08:06 am UTC| Commentary

The CPI inflation of Hungary surprised markets and posted 0.5% y/y increase in November against 0.1% in the previous month. Month-on-month headline and core CPI almost remained flat. The core CPI inched down to 1.4% yoy...

Currency War Series

PBoC's one more RRR cut likely this month

Dec 09, 2015 07:05 am UTC| Commentary Central Banks

Chinas CPI inflation in November increased marginally and stood at 1.5% y/y against 1.3% in October. The PPI deflation, in contrast, remained steady in the negative territory with a growth rate of -5.9% year on year for...

Currency War Series

BoK to stand pat in 7-day repo rate

Dec 09, 2015 06:19 am UTC| Commentary Central Banks

Bank of Korea is expected to keep its policy rate unchanged in the December meeting at 1.50% by the market consensus, which would be a unanimous decision. There were mixed signals from macroeconomic indicators and the...

Currency War Series

RBI to cut final 25bp in February with inflation in 5-6% range; rains key

Dec 09, 2015 00:32 am UTC| Commentary Central Banks

RBI Governor Raghuram Rajan is expected to cut 25bp in February. Inflation should peak at 5.5-6% by January 2016 to meet the RBIs under-6% target. The RBI will be on a long pause thereafter. RBIs around 5% March 2017...

Currency War Series

SNB likely to remain on hold despite ECB rate cut

Dec 08, 2015 15:35 pm UTC| Commentary

After the modest rate cut by the ECB last week, a rate cut by the Swiss National Bank (SNB) on Thursday is a risk scenario. It is believed SNB to remain on hold as the upward pressure on the CHF is limited at the moment....

Currency War Series

FxWirePro: Central banks adds their bits in monetary policies for Scandi FX but likely to sense pressures from crude oil

Dec 08, 2015 13:08 pm UTC| Commentary Central Banks

Currency crosses in Scandis are cushioned with the impetus from their respective central banks single mindedly targeting growth in Norway and inflation in Sweden. Growth will eliminate the output gap and core inflation...

Negative Rates Series

Currency War Series

SNB’s deposit rate cut likely this week

Dec 08, 2015 09:11 am UTC| Commentary Central Banks

The modest rate cut by ECB last week raises pressure on the Swiss National Bank for a rate cut. The Swiss interest rates are below the EUR rates across the horizon, which support EUR/CHF to move above 1.10. Switzerland...