Apr 08, 2015 22:20 pm UTC| Commentary
After the BoKs rate cut in March, the BoK is not expected to change policy today, in line with the universal consensus.Going forward,the BoK left the door open for further rate cuts in its March Monetary Policy Statement....
FOMC rates and market reaction
Apr 08, 2015 21:35 pm UTC| Commentary
The minutes were not as dovish as market pricing after the March meeting, or pricing going into the release of the minutes, would suggest.The FOMC believes that the weakness in 1Q growth has been largely due to transitory...
FOMC minutes: Rate hikes later this year
Apr 08, 2015 20:59 pm UTC| Commentary
The minutes from the March FOMC meeting did not shine much new light on the committees thinking relative to what was revealed in the statement, projection materials, and press conference. This should not come as a...
BoK likely to keep rates on hold at Thursday's meet
Apr 08, 2015 18:18 pm UTC| Commentary
Bank of Korea (BoK) cut its policy rate by 25bp to a new record low at its meeting last month. Admittedly, the recent string of weak data has prompted speculation that it will further loosen monetary policy, but BoK is...
Yen is likely to fall a lot further than the euro this year
Apr 08, 2015 17:41 pm UTC| Commentary
With the ECB and the Bank of Japan (BoJ) both implementing large scale QE programmes, and the Fed still likely to announce its first rate hike later this year, both the euro and the yen are likely to depreciate against the...
Apr 08, 2015 17:33 pm UTC| Commentary
BofA Merrill Lynch says in a report:Evidence continues to build for higher Brent (and WTI) prices. The impulsive, 5 wave advance from the Jan-13 low (50.10 in the June contract) and 16yr trendline says the trend has turned...
Germany well-placed for a steady recovery
Apr 08, 2015 17:29 pm UTC| Commentary
The continued pick-up in survey measures of activity suggests that Q4s 0.7% rise in GDP was more than a blip. While growth is unlikely to be sustained at that pace, further steady increases are in prospect.Germany is...
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