Areas of change in BoK September Statement from August

Sep 11, 2015 05:21 am UTC| Commentary Central Banks

The BoK downgraded its external assumptions and acknowledged that the global economy will recover at a slower pace than its August assessment: the global economy will maintain its recovery going forward, albeit at a...

US Fed unlikely to hike next week

Sep 11, 2015 03:55 am UTC| Commentary Central Banks

Next week, all eyes will be on the September FOMC meeting, at which the Fed will also release the updated summary of economic projections, followed by the press conference. The Fed is unlikely to hike next week, despite...

Singapore: A tougher decision to hold policy

Sep 11, 2015 02:07 am UTC| Commentary Central Banks

The MAS to leave the slope, width and midpoint of the SGD NEER policy band unchanged at its October meeting. Growth and inflation rates have fallen by more than expected this year, but not by enough to trigger further...

Weekly US rates review

Sep 10, 2015 23:51 pm UTC| Commentary Central Banks

US yields sold off modestly over the week, with 10y yields rising to 2.23%, as risk assets stabilized amid little economic data. Fedspeak was modestly dovish, with San Francisco Fed President Williams noting that his...

RBI highly likely to cut rates

Sep 10, 2015 23:32 pm UTC| Commentary Central Banks

The Reserve Bank of India (RBI) is expected to ease during the upcoming policy meeting on 29 September. 1y NDOIS is currently pricing in about 75bp of cut in the next 1y. One more cut is expected to materialize early next...

BoK to remain on hold for the rest of the year

Sep 10, 2015 23:16 pm UTC| Commentary Central Banks

BoK is expected to remain on hold for the rest of the year. It is believed that the market might have gone ahead of itself in expecting rate cuts for the following reasons: Won is much weaker now against the USD and...

Asian central banks to issue policy updates just before the Fed

Sep 10, 2015 22:26 pm UTC| Commentary Central Banks

In addition to potential Fed effects, China macro risk will be the dominant influence upon Asian markets with potential spillover to the global market tone. Mondays updates for retail sales and industrial production will...