Weak pass-through of RBI policy rate cut remains a concern
Sep 29, 2015 04:52 am UTC| Commentary Central Banks
The pass-through of RBI policy rate cuts to bank lending rates remains fairly weak. So far, the average pass-through has been barely 30bp in response to 75bp of rate cuts by the RBI. Recently, HDFC Bank announced an...
Japanese PM announces three new “arrows”
Sep 29, 2015 04:51 am UTC| Commentary
Japans prime minister Abe laid out a new set of economic policies to usher in the next stage of Abenomics, the three new arrows. The arrows are: 1) Hope: shaping a strong economy, 2) Dreams: providing assistance for...
Japan needs expansion of nominal GDP through reflationary policies
Sep 29, 2015 04:40 am UTC| Commentary Economy
The original goal of Abenomics was to expand nominal GDP through reflationary policies, as it perceived shrinking nominal GDP to be the largest problem facing the Japanese economy. This policy is leading Japan in the right...
Currency weakness driving MYR rates higher
Sep 29, 2015 04:30 am UTC| Commentary
MYR market rates have been under upward pressure in recent weeks amid ongoing political challenges and a protracted period of depressed oil prices. Notably, the 3M Klibor has also inched up to 3.74% after staying stable at...
Daily Economic Outlook: 29th September, 2015
Sep 29, 2015 04:24 am UTC| Commentary
The recovery in mortgage approvals for house purchases during 2015 has been underpinned by rising new buyer enquiries, real earnings growth, and consumer confidence. These ongoing developments, alongside an August increase...
US consumer spending picks up speed in August
Sep 29, 2015 04:05 am UTC| Commentary
US economic recovery is continued to be driven by US consumer spending. Financial volatility picked up in August, but this appears to have done little to dent consumer sentiment and spending. The gains in August were...
Mexico likely to reach full employment by H2 2016
Sep 29, 2015 03:47 am UTC| Commentary
With respect to the unemployment rate observed in July, Mexicos August unemployment rate remained flat. An unexpected increase in the participation rate of almost 80bp mainly drove this in seasonally adjusted data reaching...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects