RBA leaves cash rate unchanged, likely to be on hold till February
Dec 01, 2015 04:41 am UTC| Commentary Central Banks
Reserve Bank of Australia has decided to leave the cash rate same at 2.0%, as broadly expected and markets were not surprised at this decision. Australias domestic economy growth is seen as moderate but there is a slow...
India's July-September GDP not a game-changer for today’s RBI review
Dec 01, 2015 02:33 am UTC| Commentary Economy Central Banks
Indias growth maintained its spot as amongst the fastest in the region. Real GDP growth rose to 7.4% YoY in 3Q 2015 (second quarter FY15/16) in line with expectations and higher than 7% the quarter before. The underlying...
ECB to cut deposit rate 10bp, extend QE by three months
Nov 30, 2015 23:56 pm UTC| Commentary Central Banks
The ECB is expected to announce a 10bp cut of the deposit rate to -0.3%, a three-month extension of the QE program to December 2016, and an increase in the monthly pace of purchases by 10 billion to 70 billion per month....
Brazil's COPOM to keep policy rates stable
Nov 30, 2015 22:17 pm UTC| Commentary Central Banks
Last week brought renewed uncertainty on the Brazilian policy outlook. A new round of arrests in the Carwash probe raises questions about the feasibility of passing fiscal measures. At the same time, COPOM delivered a...
Russia's sanctions on Turkey to weigh on growth prospects and delay CBR cuts
Nov 30, 2015 19:55 pm UTC| Commentary Central Banks
The deterioration of trade relations between Russia and Turkey will likely be more detrimental to the Turkish economy. Turkeys Russia related trade income is approximately USD15-16bn (or c.2% of GDP), including exports of...
ECB expectations adding pressure on euro
Nov 30, 2015 11:56 am UTC| Commentary Central Banks
When the ECB launched its 1.1trillion QE programme in March, purchasing 60bn of bonds a month, euro area inflation stood at a minus 0.1pct and has since climbed to 0.1pct, well below the ECB target. In a speech last week...
RBA likely to end the year on hold
Nov 30, 2015 09:27 am UTC| Commentary Central Banks
There is final Reserve Bank of Australias meeting tomorrow, in which the Governor speaks on the economy the next day, just before the release of the GDP for third quarter of this year. We still expect the RBA to remain...
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