Currency War Series

Banxico unlikely to tolerate excessive MXN weakness

Feb 24, 2016 15:43 pm UTC| Commentary Central Banks

Mexicos GDP data for Q4 2015 came in line with expectations at 2.5% y/y. Remarkably, the Q3 data were revised higher to 2.8% y/y and 0.8% m/m, confirming robust Mexican fundamentals . Decent growth and modest inflation...

Bias for USDSGD is still tilted to the upside

Feb 24, 2016 15:04 pm UTC| Commentary Central Banks

Earlier this week, MAS lowered its headline inflation forecast for Singapore for 2016 to -1 to 0% but kept the core CPI outlook unchanged at -0.5 to 0.5%. At its policy meeting scheduled in mid-April the Monetary Authority...

Hungary's Central Bank likely to cut rates from 1.35% to 1% by mid-2016

Feb 24, 2016 14:51 pm UTC| Commentary Central Banks

Hungarys MPC communication was more dovish than expected. Minutes hinted that inflation forecasts will likely be cut in the March Inflation Report, and that policy could be eased further. The central bank noted lower...

Renminbi Series

Changes in China's FX policy reiterate the Central Bank's intention for a more flexible RMB

Feb 24, 2016 11:36 am UTC| Insights & Views Central Banks

Some subtle but notable changes are seen in PBoCs FX policy after Chinas return from the New Year holiday on 15 February. PBoCs daily USD-CNY fixings have been showing larger two-way volatility after a period of stability...

Currency War Series

Briferendum Series

BOE governor expresses worries over Pound

Feb 24, 2016 09:21 am UTC| Commentary Central Banks

After the initial jump over deal announcement last week, Pound has dropped sharply against all of its major trading counterparts as well as emerging market currencies. Since Friday, Pound has dropped close to 3% against...

Fed Hike Aftermath Series

Key commentaries from Stanley Fischer

Feb 24, 2016 07:48 am UTC| Commentary Central Banks

Someone is not worried of market moves! US Federal Reserve vice chair in a speech at energy conference sounded more hawkish than the FED chair Janet Yellen sounded in congress. Key commentaries According to Mr....

Emerging Market Crisis Series

Brazilian central bank unlikely to hike rates despite high mid-February inflation print

Feb 24, 2016 07:32 am UTC| Commentary Central Banks

Brazils February IPCA-15 inflation accelerated 1.42% m/m and 10.8% y/y, surprising on the upside. The unexpected gains in apparel prices and broad-based price adjustments in beauty products mainly led to the surprising...