Thailand's monetary policy under Veerathai unlikely to depart from recent course

Jul 07, 2015 07:52 am UTC| Commentary

Veerathai Santiprabhob has been chosen as the next governor of the Bank of Thailand today. Barclays expects, the monetary policy under Veerathai is unlikely to depart from the recent course charted by the BoT. While growth...

Australia's potential for higher prices likely limited

Jul 07, 2015 07:21 am UTC| Commentary

The Reserve Bank of Australia did not lower its interest rates further this morning. All 27 analysts polled by Bloomberg had expected that. The recently weak aussie was the main reason for its decision. In its statement...

Grexit may not create any major upheavals on FX market

Jul 07, 2015 07:12 am UTC| Commentary

The situation seems to have become more difficult for Athens. One factor pointing towards that is the ECBs decision to leave the volume of the ELAs unchanged at EUR 88.6bn and to raise the discounts of the collateral...

India's another small step towards capital account liberalization

Jul 07, 2015 07:11 am UTC| Commentary

Indias Finance Secretary Rajiv Mehrishi said yesterday that the government may denominate the foreign institutional investors (FIIs) debt quota in INR instead of the current USD denomination.This could effectively raise...

China stock boosting measures fail to convincingly lift markets

Jul 07, 2015 07:03 am UTC| Commentary

The fresh round of stock boosting measures over the weekend failed to convincingly lift the stock markets yesterday.While the headline Shanghai Composite Index (SHCOMP) closed 2.4% higher, it masked the broader weakness...

Greece and lower oil prices taking toll on Colombian peso

Jul 07, 2015 06:57 am UTC| Commentary

The Colombian peso was the worst performing currency in the region as it lost around 1.3% vs. the USD to USD-COP 2670 on Monday. While the Greek developments surely put pressure on EM FX, the fact that oil prices declined...

Better revenues in recent months may offer some wiggle room in UK budget execution

Jul 07, 2015 06:09 am UTC| Commentary

UK budget report is likely to be presented on 8th, July. On the expenditure side, while the government will keep the pressure on current expenditures, those have already been cut substantially since their cyclical high,...