Swedish inflation on track, in line with Riksbank’s view

Nov 12, 2015 16:50 pm UTC| Commentary Central Banks

Inflation for October came out very much as expected. The CPI rose by 0.1% on the month, in line with forecasts. CPIF stood at 1.1% y/y, a tad higher than we had expected (1.0%) but in line with consensus and the Riksbanks...

Big day for FED watchers and Dollar with six members scheduled to speak today

Nov 12, 2015 13:48 pm UTC| Insights & Views Central Banks

Big day for all the FED watchers as six members are scheduled to speak today. Views of individual members would be weighed by the market to assess the probability of their votes for a rate hike in FEDs December...

Can RBA completely rely on Fed's help?

Nov 12, 2015 11:24 am UTC| Commentary Central Banks

AUD/USD performance after the US labor market data is likely pleasing the Reserve Bank of Australia. However, its plans are not working completely. There are reasons to be positive that Federal Reserve doing some of...

Euro zone industrial production weakness provides reasons for ECB to ease further

Nov 12, 2015 11:22 am UTC| Insights & Views Central Banks

As reported by Eurostat, Euro zone industrial production is down -0.3% in September, compared to August 2015. In August, industrial production was down by -0.4%. However compared to a year ago, industrial production is...

Draghi reminds of central bank’s readiness to act

Nov 12, 2015 09:59 am UTC| Insights & Views Central Banks

European Central Bank (ECB) president Mario Draghi, speaking in Brussels, once again reminded the market that ECB is unlikely to sit by, instead stands ready to act to push inflation higher. Comments can be said to be...

BoK keeps benchmark rate at 1.5%

Nov 12, 2015 09:45 am UTC| Commentary Central Banks

Bank of Korea opted to keep its benchmark interest rate at a record low of 1.5%. There are various factors cause the Bank to keep its benchmark rate at record low. The U.S. Fed rate hike is likely in December, which may...

Philippines' BSP likely to be on hold through 2016

Nov 12, 2015 09:33 am UTC| Commentary Central Banks

As predicted by consensus, Bangko Sentral ng Pilipinas(BSP) was on hold at 4.00%. This is 9th time that BSP took the same decision, also leaving its SDA rates at 2.5% and RRR steady. There is low inflation and sluggish...