CBT will likely maintain its cautious rhetoric

May 18, 2015 00:33 am UTC| Commentary

The Central Bank of Turkey (CBT) is expected to keep all policy rates unchanged at next weeks MPC meeting.Inflation has accelerated to 7.9% y/y in April, while growth momentum remains weak (April PMI printed below 50,...

NJA - Bank Indonesia in focus; SDR ambition more important than data for CNY

May 18, 2015 00:27 am UTC| Commentary

BI is expected to keep the policy rate on hold and forecast one rate cut in June after the release of the May CPI print.However, the government has seen pressuring BI to cut rates, given slowing growth, even though BI has...

SEK - Further easing in the Riksbank executive meeting not our baseline

May 18, 2015 00:07 am UTC| Commentary

Following last weeks downside surprise to Swedish inflation, pressure on the Riksbank has once again increased, with several market participants expecting some form of additional easing during the Banks executive board...

NOK - Q1 GDP data to assess the Norges’ next policy move

May 17, 2015 23:55 pm UTC| Commentary

Q1 GDP data (Wednesday) will likely act as a catalyst in determining the Norges Banks next policy move. Lower oil prices are expected to have weighed on activity, with the economy expected to have grown 0.3% q/q in Q1 15...

NZD - Low inflation expectations to reinforce currency weakness

May 17, 2015 23:38 pm UTC| Commentary

The NZD has not participated in the recent FX bounce against the USD and may continue to underperform as the RBNZ publishes its Q2 inflation expectations on Tuesday.These data will have a bearing on the June policy...

CAD - Inflation data in focus

May 17, 2015 23:26 pm UTC| Commentary

Inflation data have been resilient in Canada, despite the massive deterioration in its terms of trade. Core CPI at 2.4% y/y continues to run above the BoCs 2% target, aided by strength in consumer spending.The market is...

JPY - BoJ unchanged and focus on GDP data

May 17, 2015 23:23 pm UTC| Commentary

In Japan, the Bank of Japan (BoJ) is likely to maintain its monetary policy unchanged on Friday and retain its wait-and-see mode for the moment, as it just postponed the timing of achieving 2% price stability target to...