No USD strength without inflation

Oct 14, 2015 07:22 am UTC| Commentary

Also the Fed Board member Daniel Tarullo has now revealed that he is one of the FOMC members who do not consider a rate hike before year-end to be appropriate. Before taking the step he wants to see tangible evidence that...

Slight acceleration likely in Poland's September wage growth

Oct 14, 2015 07:19 am UTC| Commentary

Polands average gross wage data for September is scheduled release on Friday."An increase in average gross wage growth of 3.5% yoy in September, up from 3.4% yoy in August and an increase of 0.3% mom. Real wage growth is...

MAS slope reduction to push short end rates higher

Oct 14, 2015 07:09 am UTC| Commentary

At the October monetary policy meeting, the MAS lowered the SGDNEER slope, likely by 0.5%. This slope reduction, ceteris paribus, erodes the embedded FX carry in the SGD rates and should result in a 50bp upward re-pricing...

Easing bias seemingly intact on China's softer CPI

Oct 14, 2015 06:55 am UTC| Commentary

China released CPI data for September this morning, eased to 1.6% y/y from 2% in August. It was dragged lower by food prices which moderated to 2.7% from 3.7% in August. Non-food prices remained subdued at 1.0% from 1.1%...

Singapore's MAS does bare minimum easing

Oct 14, 2015 06:47 am UTC| Commentary Central Banks

The Monetary Authority of Singapore (MAS) implemented the minimum form of easing in the latest policy statement. This is despite the modest growth picture and subdued inflation. MAS reduced the slope of the SGD NEER...

Australian unemployment expectations to improve

Oct 14, 2015 06:43 am UTC| Commentary

The Westpac-Melbourne Institute Unemployment Expectations Index fell 13.7% in Oct, the largest fall in the index since Jan 2010. The index has fallen in 8 of the last 12 months to be down 9.2% in the year.In trend terms,...

U.K. inflation dips below zero

Oct 14, 2015 06:18 am UTC| Commentary

Since January 2014, U.K. inflation has consistently ben below 2% y/y. For the whole of this year, it has been close to zero. Inflation will remain very low in the short term, but for the setting of monetary policy, the...