Lower Indian inflation increases risk of a September RBI cut
Aug 19, 2015 07:47 am UTC| Commentary
India CPI inflation fell to an 8-month low, to 3.8% y/y in July, down from 5.4% y/y in June, reflecting a high base to an extent, but also much lower food inflation on a seasonally adjusted basis. This was supported by...
Malaysia bears the brunt of currency weakness
Aug 19, 2015 07:42 am UTC| Commentary Central Banks
Bank Negara Malaysias Governor Zeti has said this week that the ringgits depreciation is manageable, that there is no need for a peg to the dollar, and that the central bank would seek to rebuild FX reserves. Currencies in...
Bank Indonesia likely to keep policy unchanged
Aug 19, 2015 07:39 am UTC| Commentary Central Banks
Despite significant market volatility, central banks elsewhere in Asia have yet to express serious alarm. Indonesia, with inflation running high, the central bank is ever-sensitive to a weaker currency, with Bank...
Exports lead Euro area Q2 GDP growth
Aug 19, 2015 07:31 am UTC| Commentary
Euro area Q2 flash GDP recorded 0.3% q/q growth, after +0.4% q/q in Q1 15 is slightly below expectation. Most countries surprised to the downside, with the notable exception of Greece. In Germany, GDP rose 0.4% q/q,...
Central banks in Emerging Asia appear sanguine over recent currency weakness
Aug 19, 2015 07:13 am UTC| Commentary Central Banks
Indeed, while central banks meeting this week in Korea and the Philippines, rates unchanged took note of the PBoCs FX changes and the resulting market volatility, they suggested comfort with current policy stances. In...
CNY-CNH spread continues to narrow
Aug 19, 2015 07:10 am UTC| Commentary
PBoC set USD-CNY fixing rate at 6.3963 this morning, compared with yesterdays close of 6.3942. In the meantime, CNY-CNH spread narrowed to 453pips yesterday, from 497pips the day before and 628pips last Tuesday when Chinas...
CNY-CNH spread continues to narrow
Aug 19, 2015 07:10 am UTC| Commentary
PBoC set USD-CNY fixing rate at 6.3963 this morning, compared with yesterdays close of 6.3942. In the meantime, CNY-CNH spread narrowed to 453pips yesterday, from 497pips the day before and 628pips last Tuesday when Chinas...
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