Currency War Series

Bangko Sentral ng Pilipinas likely to stand pat through H1 2016

Dec 18, 2015 09:35 am UTC| Commentary Central Banks

Philippines central bank, Bangko Sentral ng Pilipinas (BSP) stood on hold in its policy meeting at the previous 4% rate. The primary reason might be to maintain its flexibility in order to respond to any potential...

BoJ targets 2% inflation during 2016-17

Dec 18, 2015 09:33 am UTC| Commentary Central Banks

Bank of Japan was not expected to revise its current monetary policy stand at todays meeting. The central bank also opted to continue its existing QQE program. The Bank has made few changes in the stimulus package, the...

Emerging Market Crisis Series

China's property market likely to weigh on economic growth in coming years

Dec 18, 2015 09:30 am UTC| Commentary Economy

In China, November new house prices show continuous signs of stabilization driven by a pick up in big tier 1 cities. The country does not release a price index nationwide, but the prices likely rose. The prices likely...

Emerging Market Crisis Series

Saudi liquidity likely poor towards year end

Dec 18, 2015 09:25 am UTC| Commentary Economy

GCC markets might not have read the memo about the US Feds dovish hike. The 1 year and 2 year swaps moved higher yesterday towards 1.86 and 2.14% respectively. Liquidity is poor towards year end, but the direction seems...

Currency War Series

Central Bank of Turkey hikes its rate on FX Reserves and US Fed hike

Dec 18, 2015 09:17 am UTC| Commentary Central Banks

Central Bank of Turkey has made a rise in its interest rate on FX RRR as the US Fed made a hike this week, the annualised interest rate that CBT pays on Forex required reserves was increased to 0.49%. This is consistent...

CNY likely to depreciate further?

Dec 18, 2015 09:00 am UTC| Commentary

Announcement of CFETS Index allowed China to publish its own currency index and also reinforces that the authorities are less emphasizing on USD/CNY movements and more on changes in CNY relative to Chinas primary trading...

Recent USD/CNY movements suggest some (trend) depreciation in CNY NEER

Dec 18, 2015 08:51 am UTC| Commentary

Chinas central bank PBoC wants to guide the opinion of public in order to focus on the effective exchange rate of CNY versus a basket of currencies than the bilateral USD/CNY rate to assess the currencys likely...