Bank of Korea holds key rate at 1.25 pct, cuts inflation forecast for this year

Oct 13, 2016 04:59 am UTC| Commentary Central Banks

As widely anticipated, the Bank of Korea Monetary Policy Board today decided to keep the key interest rate on hold for the fourth consecutive month at 1.25 percent. The central bank also cut its inflation projection for...

Little probability of rate cut from Bank of Thailand this year

Oct 12, 2016 12:01 pm UTC| Insights & Views Central Banks Economy

Bank of Thailand (BoT) has kept its interest rate unchanged at 1.5 percent since June 2015. The central bank is more inclined to maintaining loose monetary conditions via a weaker THB rather than lower rates. And with two...

FX Hedging Strategy Series

FxWirePro: EUR/JPY 3m call ladders on divergence between 2m IVs and RVs with reasonable risk-reward ratios

Oct 12, 2016 07:51 am UTC| Central Banks Research & Analysis

We continue to expect the euro to tick higher into 2017 despite Fed tightening, particularly given the ECBs misgivings about its QE programme. The forecast profile is little changed from the trajectory, the proposed EURJPY...

BCB unlikely to begin easing monetary policy before end-2016

Oct 11, 2016 11:34 am UTC| Commentary Central Banks

Brazilian inflation last year skyrocketed along with the depreciation of the Brazilian real. By the beginning of this year, the consumer price index levels reached a high of around 10.7 percent year-on-year. This is quite...

Swiss jobless rate remains unchanged in Sep; SNB likely to maintain weaker currency over medium term

Oct 11, 2016 04:30 am UTC| Commentary Economy Central Banks

The unemployment rate in Switzerland remained unchanged during the month of September, although there was a small increase in the unadjusted total number of unemployed on the month. Moreover, latest data will tend to...

Bank of France keeps third-quarter growth forecast unchanged, likely to witness rebound

Oct 10, 2016 07:12 am UTC| Commentary Economy Central Banks

The Bank of France has maintained status quo on its third-quarter economic growth forecast for the country that is likely to witness a rebound after a small dip in output during the second quarter of this year. The...

FX Hedging Strategy Series

FxWirePro: BRICS FX updates part 2 - Key Drivers of Rand, Rupee and hedging portfolio

Oct 07, 2016 13:27 pm UTC| Central Banks Insights & Views

South Africa: We are medium-term bearish ZAR, but following the sharp sell-off in recent weeks we do not hold active short positions at the moment. Political risks are likely to be a key driver of the currency, in...