PBoC's RRR cuts likely in Q4 2015

Oct 16, 2015 05:20 am UTC| Commentary Central Banks

Despite a rebound in new loans, the weak growth and PPI deflation still point to the need for an interest rate cut. The tepid PMIs and deteriorating imports point to a further weakening in growth in September. PBoCs one...

RBA likely to tighten financial conditions further

Oct 16, 2015 03:20 am UTC| Commentary Central Banks

Markets are on alert for an unexpected near term rate cut from the RBA in response to Westpacs decision to raise the variable mortgage rate by 20 basis points. Markets are asking the question as to whether the RBA will...

Mixed signals on the likely timing of ECB easing

Oct 15, 2015 23:49 pm UTC| Commentary Central Banks

Given the increasing market expectations of easing, the key event in Europe next week will be the ECB meeting on Thursday. The ECB is expected to provide more accommodation before year-end - ie, either next week or at the...

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...