ECB cutting the deposit rate further only likely in a much worse scenario

Oct 15, 2015 22:45 pm UTC| Commentary Central Banks

With headwinds for the euro area coming mainly from external demand, one option for the ECB would be to push for a weaker euro. A view shared by the ECBs Governing Council in its latest Accounts, it would require a major...

ECB growing more concerned about weak inflation?

Oct 15, 2015 22:18 pm UTC| Commentary Central Banks

Europe could well impact the global market tone next week and mostly toward the end of the week when the European Central Bank meets on Thursday and then growth sentiment readings hit the tapes the next day. The focus...

ECB likely to extend its QE program beyond September 2016

Oct 15, 2015 07:47 am UTC| Commentary Central Banks

The ECB remains under pressure to deliver more easing. The ECB is expected to extend its QE programme beyond September 2016, says Nordea Bank in a research report to its client. The ECBs dovish bias and forward guidance...

BOK cuts growth and inflation forecast, holds policy steady

Oct 15, 2015 07:47 am UTC| Insights & Views Central Banks

Since late September, perception has taken a dramatic shift towards South Korean Won (KRW), which has now appreciated close to 7% from its September peak. Similarly countrys benchmark stock index KOSPI future rose sharply...

RBA not out of the woods yet

Oct 15, 2015 06:51 am UTC| Commentary Central Banks

It still seemed clear in the RBAs last statement that it would not cut rates again todays labour market report for September questions this impression. The only reason why the loss of almost 14k full time positions did not...

US Fed's dove camp

Oct 15, 2015 06:49 am UTC| Commentary Central Banks

Over the past few weeks the majority of the 17 FOMC members finally seemed to have agreed that a rate hike would be necessary before year-end. That was also the general tenor of the last minutes. As a result of the...

FxWirePro: USD/KRW hits fresh multi-month lows post BoK, good to sell rallies

Oct 15, 2015 06:46 am UTC| Technicals Central Banks

The South Korean won and shares sharply rose on Thursday morning after the bank of Korea kept rates steady. BoK kept its policy rates steady at a record low of 1.50 percent early in the session, as widely...