Currency War Series

ECB to remain square for now

Dec 01, 2015 07:35 am UTC| Commentary Central Banks

After the recent remarks by Mario Draghi has fueled the markets anticipations on further action, it should become easier to get a consensus that the central bank will give at least something to the market. Currently, any...

Currency War Series

Bank of Indonesia likely to cut rates twice in H1 16

Dec 01, 2015 07:27 am UTC| Commentary Central Banks

The Bank of Indonesias December meeting is on the same day as that of US Fed. The central banks decision to cut the reserve requirement ratio indicates the clear need of easing ahead. With better inflation expectations...

Currency War Series

Reserve Bank of India leaves the CRR unchanged

Dec 01, 2015 05:58 am UTC| Commentary Central Banks

By assessing the current and evolving macroeconomic situation, the Reserve Bank of India has decided to to keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 pct of net demand and time liability...

Russian sanctions to weigh on Turkish growth prospects and delay CBR cuts

Dec 01, 2015 05:25 am UTC| Commentary Central Banks

As expected, Russia imposed economic sanctions on Turkey for shooting down its warplane on November 24, 2015. Turkeys income from Russia on trade related basis is c. 2% of its GDO, with Russia limiting exposure to Turkey,...

Currency War Series

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...

Currency War Series

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....