Currency War Series

BOK rate-cut expectations premature

Feb 02, 2016 02:12 am UTC| Commentary Central Banks

The market expectations for BOK rate cuts have increased after the Bank of Japan introduced negative rates last Friday. The spread between the 1Y KRW IRS and its benchmark has widened notably to -15bps on 1st Feb from...

China Crisis Series

Chinese data supports call for further stimulus from PBoC?

Feb 01, 2016 14:36 pm UTC| Commentary Central Banks

Data released over the weekend showed that Chinas official factory PMI slipped for a sixth consecutive month to a 3 year low of 49.4 in January, compared with a median expectation of 49.6. While the private Caixin survey...

Currency War Series

RBA likely to stand pat in tomorrow’s monetary policy

Feb 01, 2016 13:41 pm UTC| Insights & Views Central Banks

In tomorrows the Reserve Bank of Australia board meeting for interest rate decision, the expectations have increased that the board would decide to hold the cash rate steady at 2.0%. With the market probability of a move...

All BoJ’s efforts to beat deflationary pressures – BoJ states Q2 CPI likely to pick up

Feb 01, 2016 12:49 pm UTC| Insights & Views Central Banks

Last Fridays, the rate charge by BoJ makes commercial banks that park surplus reserves at the central bank to negative 0.1% in a slightly awful stimulated pointing at serving its economy to cushion the potential threats of...

National Bank of Ukraine Considers Permitting Institutions To Issue Electronic Money

Feb 01, 2016 12:21 pm UTC| Digital Currency Central Banks

The National Bank of Ukraine (NBU) is considering granting non-banking financial institutions the right to issue electronic money, the regulators press servicewrote on its Facebook page. It explained the move as a clear...

Currency War Series

Banxico likely to stay mute at its forthcoming meeting

Feb 01, 2016 11:56 am UTC| Commentary Central Banks

In Mexico, ongoing growth acceleration along with the pass-through from currency depreciation in tradable goods prices suggest further tightening of the current economic situation as well as inflation. Despite downward...

Fundamental Evaluation Series

Safe-haven bond yields to gradually rise as Fed aims to ease bubbles in the sovereign bond market

Feb 01, 2016 11:25 am UTC| Insights & Views Central Banks

The Fed is likely to tighten monetary policy only by as much as markets allow without major turmoil. The Fed will try to avoid any further asset price inflation and ease any bubbles that have already emerged, such as in...