Bank of Korea leaves interest rate unchanged, lowers growth outlook

Jan 13, 2017 05:55 am UTC| Economy Central Banks Commentary

The Bank of Korea (BoK) in its first monetary policy meeting of 2017 left its benchmark interest rate at record low of 1.25 percent, as markets widely expected. The board members defended this decision in the wake of...

South Korean household debt remains a matter of concern, rises 12.4 pct in December

Jan 13, 2017 05:30 am UTC| Economy Commentary

South Korean household debt expanded 12.4 percent in December, as compared to 11.9 percent a year earlier. This growth in household loans was majorly supported by the increase in mortgage and rebound in the non-mortgage...

FxWirePro: The Day Ahead- 13th January 2017

Jan 13, 2017 05:20 am UTC| Commentary Economy Central Banks

Not many economic data and events scheduled for today and all with low to medium risks associated. Data released so far: China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade...

Australian bonds sag on profit taking; next week’s unemployment rate in focus

Jan 13, 2017 05:18 am UTC| Commentary

The Australian 10-year bonds sagged on the last trading day of the week as investors cashed in profits after relishing previous gains. Also, investors are curiously eyeing next week unemployment rate for further direction...

India’s headline inflation undershoots expectations in December

Jan 13, 2017 05:17 am UTC| Commentary

Indias consumer price inflation came in below market projections in December, owing to decline in food prices. The countrys headline inflation accelerated to 3.41 percent in December from Novembers 3.63 percent, as...

Most Asian markets in green, gold stable above $1,190

Jan 13, 2017 04:12 am UTC| Commentary

All the major Asian indices were trading on a higher note on the last working day of the week. Gold was trading around $1,192 mark while silver was trading around $16.68 marks. Japans Nikkei was trading around 0.78...

Chart of the Day Series

Chart of the Day: Productivity

Jan 12, 2017 19:40 pm UTC| Commentary

Over the past year, Governor Mark Carney at the Bank of England (BoE) and some other central bankers have warned on productivity as a major hindrance to an economic recovery. This chart from OECD would always come handy...