MAS reduces SGD NEER policy band slope slightly

Oct 20, 2015 08:03 am UTC| Commentary Central Banks

The Monetary Authority of Singapore (MAS) reduced the slope of its SGD NEER policy band slightly on 14 October - to 1% from our previous assumption of 1.5%. All other policy parameters (width of the policy band, level of...

October ECB bank lending survey, credit standards to ease

Oct 20, 2015 07:27 am UTC| Commentary Central Banks

Euro area banks reported low investment decisions in H1 15, in Q2, the fixed investment contribution on firms demand for credit represented 11pp, whereas the contribution from inventories stands at 10 and the contribution...

ECB members not on brink of announcing further easing

Oct 20, 2015 04:24 am UTC| Commentary Central Banks

The decline in Euro areas headline inflation increases the already high pressure on the ECB and with 5Y5Y market-based inflation expectations trading below 1.6% for the first time since February, it could be that the ECB...

More wait and see by ECB?

Oct 20, 2015 04:15 am UTC| Commentary Central Banks

The ECB is likely to keep its powder dry at the meeting on Thursday, but to retain a dovish tone and reiterate that it can adjust the size, duration and composition of the QE programme. From a market perspective, the...

PBoC's hidden peril of easing

Oct 20, 2015 04:05 am UTC| Commentary Central Banks

The PBoC has not offered any headline easing measure since the RRR and interest rate cuts on 25 August, but banks are doing its bidding. Although (private sector) credit demand dropped to a historical low, bank loan...

BoK already flagged a significant pickup in GDP fuelled by domestic demand

Oct 20, 2015 00:58 am UTC| Commentary Central Banks

The Bank of Korea (BoK) Governor Lee disclosed a flash estimate of 1.1% qoq for Q3 2015 GDP growth at the recent IMF conference in Lima, which was echoed by President Park. Finance Minister Choi too has emphasized a recent...

Mexico's inflation slips further on food prices even as core inflation strengthens

Oct 20, 2015 00:22 am UTC| Commentary Economy Central Banks

Mexicos inflation slipped below 3.0% (Banxicos target) in May for the first time in a decade and continued to fall since then, as core inflation remained at its lowest level ever at 2.3% and food inflation fell. Core...