BoK keeps policy rate unchanged, likely to lower in Q2 and cut 2016 GDP forecast

Mar 10, 2016 07:44 am UTC| Commentary Central Banks

South Korean central bank kept its policy rate on hold at 1.5%, on par with expectations. The rate decision was non-unanimous for the second continuous month. One MPC board member again voted to lower the rate. The MPCs...

ECB may boost PSPP with €120 billion: sounds better, doesn’t it?

Mar 10, 2016 07:09 am UTC| Commentary Central Banks

We dont think if we ask the question, which sounds better coming from ECB - 10 billion or 120 billion, we would be having difference of opinion. And that is despite the fact that both are same. If ECB boost current...

RBNZ cuts OCR by 25bps, likely to lower again in June

Mar 10, 2016 06:53 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand has surprisingly lowered the OCR by 25 basis points to 2.25%, a new record low, and has hinted at another cut in the future. The central bank lowered the rate mainly because of the...

DAX consolidating at 50 DMA, can ECB push it to 200 DMA?

Mar 10, 2016 06:39 am UTC| Commentary

For the past six trading days, German benchmark stock index has been hovering around 50 day moving average (DMA), which is also coinciding with previous peak made in January this year. Now key question lies - Will ECB be...

BoC likely to continue accommodative stance, to hold policy till 2018

Mar 10, 2016 06:05 am UTC| Commentary Central Banks

The Bank of Canada, on Wednesday, kept its key policy interest rate on hold at 0.5%, in line with an economy, which is seen as evolving in line with forecasts published in the January Monetary Policy Report. Global...

Guide to today’s important data and events

Mar 10, 2016 05:55 am UTC| Commentary

Lot of economic dockets scheduled for today, however some with high risks associated. Data released so far - Australia - Consumer inflation expectation softened slightly to 3.4% in March from 3.6% prior. UK - RICS...

Danish short rates likely to be unchanged in 2016, 2017

Mar 10, 2016 05:28 am UTC| Commentary Central Banks

With the ECB expected to further ease policy today, questions arise for the response of Danish central bank. In the past three months the Danish central bank has narrowed the interest rate differential to the ECB twice....