Philippine central bank leaves policy settings unchanged, may start hiking rates by end-Q2 2017

Sep 22, 2016 10:58 am UTC| Commentary Central Banks

As expected, the Philippine central bank, BSP, kept its policy settings unchanged. In spite of the strong growth in domestic demand, there is no risk of breaching the upper band of BSPs 2 percent to 4 percent inflation...

Eurozone periphery bonds strengthen as Fed cuts rate outlook

Sep 22, 2016 10:56 am UTC| Commentary

The Eurozone periphery bonds strengthened Thursday as the Federal Reserve officials lowered their outlook for long-term interest rates. Also, investors preferred safe-haven assets after the central bank lowered its...

Renminbi Series

Yuan’s inclusion in SDR may lead to capital flows of $31 billion for direct allocation

Sep 22, 2016 10:30 am UTC| Commentary Economy

The International Monetary Funds new Special Drawing Rights basket which includes the yuan will take effect on October 1. The weights of the basket currencies will be in the manner of 41.73 percent for the US dollar, 30.93...

Hong Kong’s headline inflation stands at 4.3 pct, inflation pressure to remain contained in near term

Sep 22, 2016 10:29 am UTC| Commentary

Hong Kongs consumer price index inflation accelerated 4.3 percent year-on-year in August, as compared with the rise of 2.3 percent in July, according to the Census and Statistics Department. The huge change in the CPI in...

UK gilts gain after BoE warns of economic uncertainties post Brexit vote

Sep 22, 2016 10:10 am UTC| Commentary

The UK gilts gained Thursday after the Bank of England in its Financial Policy Committee report mentioned that economy is facing a challenging period of uncertainty and adjustment after the Brexit vote. The yield on the...

Economic uncertainty likely to weigh on UK’s growth; BoE expected to slash rate in November

Sep 22, 2016 09:53 am UTC| Commentary Economy Central Banks

Economic uncertainty is likely to weigh on the growth outlook of the United Kingdom, with post-referendum deceleration still in prospect, although recent data have proved to be resilient. Since the Bank of Englands...

Bank Indonesia cuts reference rate by 25bps, likely to maintain easing bias

Sep 22, 2016 09:47 am UTC| Commentary Central Banks

The Indonesian central bank, Bank Indonesia, today lowered the new reference rate (7-day reverse repo rate) by 25 basis points to 5 percent. Bank Indonesias decision to cut rate comes after the U.S. kept its rates on hold...