Euro area inflation likely at 1.0% in 2015

Dec 04, 2015 10:56 am UTC| Commentary

In order to face the current ongoing economic challenges, the ECB opted to cut a deposit rate by 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for another 6 months...

Mexican consumer confidence to rise modestly in November

Dec 04, 2015 10:53 am UTC| Commentary

Mexicos consumer confidence is expected to modestly rise to 92 in the month of November by market consensus, while for the previous month it stood at 91.3. There was a rise in retail sales this year, so this is very...

Review of decoupling of oil and inflation expectations in Euro area

Dec 04, 2015 10:50 am UTC| Commentary Economy

European Central Banks (ECB) president Mario Draghi, at yesterdays conference cited one of the key argument that stand out against providing larger stimulus has been arguments of hawks that lower oil price has been behind...

Gold back to square one in euro terms after EUR/USD movement

Dec 04, 2015 10:07 am UTC| Commentary

Gold responded hardly to ECBs measures and inched up little to $1060 per troy ounce. As the USD fell sharply, gold in Euro terms came under pressure and declined below 970 EUR per troy ounce to lowest since December...

RBI may achieve below 5 pct inflation target by 2017

Dec 04, 2015 10:03 am UTC| Commentary Central Banks

The Reserve Bank of India kept its repo rate unchanged at 6.75 in its fifth Bi-Monthly Monetary Policy review meting. Cash Reserve Ratio (CRR) was held unchanged at 4 percent and Marginal Standing Facility (MSF) rate and...

Currency War Series

ECB’s another rate cut likely in March

Dec 04, 2015 10:00 am UTC| Commentary Central Banks

The ECB declared a deposit rate cut of 10 base points to -0.3% and kept all other rates unchanged. The Bank extended its asset purchase program for further 6 month and decided to reinvest the principal payments on the...

OPEC meeting should yield no surprises

Dec 04, 2015 09:59 am UTC| Commentary

Most of the OPEC members say that they are in favour of cutting production, but they are not willing to reduce their own output. More than an year of low oil prices, all the members are expected to know about the...