Taiwan's CBC likely to cut rates at March meeting
Jan 22, 2016 15:05 pm UTC| Commentary Central Banks
Data released earlier today showed that Taiwans industrial production fell 6.17% y/y in December (Nov: -4.9%; Oct: -6.3%), worse than consensus. On a m/m basis, Taiwans IP posted the first negative contraction following...
ECB’s SPF warns on lower inflation
Jan 22, 2016 14:31 pm UTC| Commentary Central Banks
European Central Bank (ECB) president Mario Draghi warned on lower inflation in Euro Zone and reiterated not only ECBs ability and determination to act, gave a clear indication when that might happen. Governing council...
Risks skewed to the downside for Eurozone
Jan 22, 2016 12:39 pm UTC| Insights & Views Central Banks
The ECB held rates at 0.05 pct in yesterdays meeting and Draghi at the post meeting press conference noted that thedownside risks were increasing once again. He expressed concerns over the poor inflation outlook and...
Possible ECB monetary policy easing in March to benefit gold in euros
Jan 22, 2016 12:02 pm UTC| Commentary Central Banks
Appreciation in US dollar and stock markets, along with rebound in oil prices led the gold prices to drop below the $1,100 per troy ounce at the end of this trading week. However, gold in euro terms touched a 2-week high...
Jan 22, 2016 08:16 am UTC| Technicals Central Banks
BoE has recently stood pat at the benchmark UK interest rate at 0.5%. This unchanged rate was no surprise to the forecasts. BoEs QE in Jan total GBP stays flat at 375 bln GBP vs previous 375 bln GBP. The implied...
Danmarks Nationalbank likely to lower interest rate on certificates of deposit to -0.75%
Jan 22, 2016 07:24 am UTC| Commentary Central Banks
The European Central Bank is likely to lower deposit rate by 10bp to -0.40% during its March meeting. Danmarks Nationalbank (DN) is expected to follow the ECBs rate cut and lower the interest rate on certificates of...
‘Thank you Draghi’ rally for global markets
Jan 22, 2016 06:37 am UTC| Commentary Central Banks
Global financial market is reversing its recent decline in the wake of possibility that European Central Bank (ECB) might add more stimulus in the market within two months. ECB president Mario Draghi, again dropped...
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