BoK to remain neutral despite likely downward revision of GDP forecast

Oct 14, 2015 23:34 pm UTC| Commentary Central Banks

The Bank of Korea (BoK) is expected to hold its policy rate at 1.50% at its October MPC meeting. The BoK will maintain its recent neutral stance despite sustained concerns on the global economic outlook, and especially the...

Consequences of reinstating ECB’s waiver

Oct 14, 2015 12:07 pm UTC| Commentary Central Banks

An important decision for the ECB in the forthcoming months will concern the waiver on GGBs. At the September ECB press conference, ECB President Mario Draghi stated that such a decision cannot be made during the review...

Brainard and Tarullo counter Yellen’s outlook for 2015 rate hike

Oct 14, 2015 11:21 am UTC| Insights & Views Central Banks

Divisions among US Federal Reserve has come into spot light as two key policy makers chose to speak against the merit of a rate hike this year, which is in clear contrast to what US Federal Reserve chair Janet Yellen has...

Additional policy easing from Monetary Authority of Singapore unlikely in April 2016

Oct 14, 2015 11:07 am UTC| Insights & Views Central Banks

The Monetary Authority of Singapore in a somewhat unexpected move today lowered the SGD NEER slope by 0.5% to 1% from the previous market assumption of 1.5%. The much-smaller-than-expected move suggests that the MAS...

Singapore's MAS does bare minimum easing

Oct 14, 2015 06:47 am UTC| Commentary Central Banks

The Monetary Authority of Singapore (MAS) implemented the minimum form of easing in the latest policy statement. This is despite the modest growth picture and subdued inflation. MAS reduced the slope of the SGD NEER...

RBNZ likely to ease further in October

Oct 14, 2015 04:02 am UTC| Commentary Central Banks

The Governor of the RBNZ gave an interesting speech on the state of central banking, which referred to the risk of low interest rates feeding house price inflation and the need for monetary policy to have regard to the...

RBI turns net seller of dollars after a year

Oct 14, 2015 02:26 am UTC| Commentary Central Banks

The Reserve Bank of India stepped in to support the rupee back in August, when the domestic unit along with regional counterparts depreciated in wake of CNY devaluation. The central bank sold USD 1.6bn in August, turning a...