
PBoC strikes a chord again – Is Fed likely to discount FX war?
Dec 14, 2015 10:56 am UTC| Insights & Views Central Banks
The focus for this week would be apart from the Fed meeting the main movers this week will be: US CPI (Tuesday) German ZEW (Tuesday) Euro Flash PMI (Wednesday) German Ifo (Thursday). Focus would remain to...
Hungary's MNB says no FX issuance necessary during 2016
Dec 14, 2015 10:13 am UTC| Commentary Central Banks
Hungary MNBs chief economist remarked in a press conference that there was no reason for the government to plan the euro bond issuance in 2016, adding that the government will be able to retire all maturing FX debt using...
Banxico's policy rate likely to reach 4.0pct by end-2016
Dec 14, 2015 09:29 am UTC| Commentary Central Banks
The Banxico committee is schedule to meet on policy rates on 17th December, a day after U.S. Fed meeting. The central bank is expected to hike its bank rates by following the Fed. The Fed rate hike will increase the...

China's policymakers need to ease monetary policy further to support growth
Dec 14, 2015 09:22 am UTC| Commentary Central Banks
Chinese Yuan has slowly dropped against US dollar over last month. Novembers PBoC FX reserve data indicates active intervention to smooth out CNY depreciation pressures. This depreciation bias is expected to persist in...

BoJ likely to stand pat on Friday
Dec 14, 2015 07:48 am UTC| Commentary Central Banks
Divergence is seen between Japans data, soft and hard data in relation to inventories. This gap will remain intact, which reflects the adjustments to the perceptions about inventory levels since the earthquake in Great...
Policy divergence between Fed and RBNZ likely to push NZD/USD towards 0.63
Dec 14, 2015 07:34 am UTC| Commentary Central Banks
In New Zealand, the key data releases are Q3 balance of payments and Q3 GDP. The latter is likely to rise, a payback for a soft H1. Business Confidence index and GT Dairy Auction are also due to release this week, the...

RBA likely concerned by relative currency strength
Dec 14, 2015 07:06 am UTC| Commentary Central Banks
Reserve Bank of Australia board meeting minutes likely to show that the board is encouraged by stronger activity signs and more signals that the housing market is being cooled by the recent round of macro-prudential...