Currency War Series

Russia’s inflation likely to re-accelerate

Dec 07, 2015 07:21 am UTC| Commentary

The central bank of Russia is expected to keep its bank rate unchanged at the current level at its policy meeting end of this week. Earlier, the central bank is expected to cut rates, but as inflation rate in the economy...

South Africa on the verge of "junk status" by Fitch

Dec 07, 2015 07:12 am UTC| Commentary

Fitch cut South Africas sovereign rating by one level to BBB- with a stable outlook, the country rating is just one notch above the junk status, as rated by both Fitch and SP. The growth is weighed on by lower commodity...

Key points in comments from BOJ Kuroda and Sato

Dec 07, 2015 06:58 am UTC| Commentary

Two key speaker from Bank of Japan (BOJ) shared their views today. In October 2014, while one of them (Kuroda) voted for additional monetary stimulus, other (Sato) dissented. Bank of Japan (BOJ) board member Takehiro...

China's weak domestic demand to hit South Korean economy

Dec 07, 2015 06:57 am UTC| Commentary

Chinas trade balance data for November is scheduled to release tomorrow. Analysts expects both the exports and imports to remain sluggish in November, as result of poor domestic as well as external demand. The CPI...

Oil in Global Economy Series

Oil prices likely to remain under pressure till next OPEC meeting

Dec 07, 2015 06:48 am UTC| Commentary

There is a decline of more than USD 2 per barrel in the oil prices after the OPEC meeting as it is now clear that it would not announce new production target for cartel at its Friday meeting. The conference was for...

Currency War Series

BoK likely to stand pat in December meeting

Dec 07, 2015 06:33 am UTC| Commentary Central Banks

Bank of Koreas cash rate has been left unchanged at 1.50% for several months now, saying that it will stand pat for the inter-meeting time period. The same is expected in its December meeting as well, which is likely to be...

U.S. GDP on track to grow at 1.9%

Dec 07, 2015 06:32 am UTC| Commentary

The trade balance in the United States recorded -$42.5 billion in September increased to -$43.9 billion in October. At a disaggregate level, export of the food and beverages declined by 5.5%, consumer goods by 3.0%,...