Korea cautious of capital volatility in December
Dec 10, 2015 05:48 am UTC| Commentary Economy Central Banks
Korean central bank, BoK kept its policy rates unchanged at 1.5% in the month of December as well, as predicted by consensus. This decision was unanimous and the statements tone and governors remarks remain neutral, albeit...
CBR likely to cut key rate by 50bp
Dec 10, 2015 05:20 am UTC| Commentary Central Banks
The central bank of Russia, CBR will be announcing its policy rate decision tomorrow, and there will be a press conference after the rate announcement. There are geo-political tensions around the country , and Russia...
Bangko Sentral ng Pilipinas likely to stand pat
Dec 10, 2015 04:27 am UTC| Commentary Central Banks
There is a pick up in Philippines inflation in the month of November, the central bank BSP seems comfortable with its policy rates, emphasizing that the risks to growth and inflation stem largely from poor weather and...
Monetary policy divergences may be starting to deviate between countries
Dec 10, 2015 02:56 am UTC| Commentary Central Banks
EUR/USD closed above 1.10 yesterday. Effectively, it took back losses incurred for the whole of November. Yesterdays short-covering was in response to European Central Bank member Ewald Nowotny blaming market analysts for...
Fed will be up on its tiptoes for some time to come
Dec 10, 2015 02:39 am UTC| Commentary Central Banks
One week to go before lift-off and 10Y Treasury yields are still at 2.21%. Thats 20 basis points higher than in mid-October but one certainly would have expected a bigger move given the dramatic shift in Fed expectations...
Bank of Korea policy decoupling
Dec 10, 2015 02:02 am UTC| Commentary Central Banks
The Bank of Korea is widely expected to stand pat at todays policy meeting. Domestic demand has started to recover and GDP growth has bounced back, reducing the pressure for the BOK to cut rates. Markets no longer look for...
More ECB policy stimulus is likely, if inflation disappoints
Dec 10, 2015 00:52 am UTC| Commentary Central Banks
CPI inflation fell below 2% in early 2013 and has since been on a downward trajectory. It is believed that it has bottomed, but the concern is that the expected recovery in inflation over the next couple of years will be...
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