Bank Indonesia expected to lower the BI rate by 25bps
May 14, 2015 22:46 pm UTC| Commentary
Bank Indonesias (BIs) next monetary policy meeting is scheduled for 19 May. The central bank is expected to cut the BI rate 25bps to 7.25%, but keep the overnight deposit facility (FASBI) rate unchanged at 5.50%.Based on...
Bank of Ghana policy rate may remain elevated for longer than expected
May 14, 2015 22:13 pm UTC| Commentary
After the surprise Bank of Ghana (BoG) interest-rate hike earlier this week, the prime rate seen at 21% rather than the previous 19% at end-2015.The BoGs willingness to raise the prime rate to 22% to stabilise the currency...
Thailand's faltering exports may have dragged down Q1 growth
May 14, 2015 21:51 pm UTC| Commentary
Thailand will release Q1 GDP data on 18 May. Despite a strong recovery in tourism, tepid consumption and poor export performance likely continued to drag down GDP growth in Q1.The Thai economy contracted 0.2% q/q on a...
Japan machinery orders likely improved slightly in March
May 14, 2015 21:12 pm UTC| Commentary
Japan will release March core machinery orders (MoRs) on 18 May. MoRs is expected to have improved marginally by 0.2% m/m in March after declining for two consecutive months, but to have declined 5.6% y/y due to base...
May 14, 2015 20:34 pm UTC| Commentary
Westpac Research Notes:US 10yr treasury yields fell from 2.29% to 2.22% while the 2yr yield fell from 0.58% to 0.54%. The 30yr auction was disappointing, awarded at 2bp above pre-auction yield, and contrasting with the...
May 14, 2015 20:33 pm UTC| Commentary
Westpac Research Notes:Australian 3yr government bond yields fell from 2.18% to 2.10% while the 10yr yield fell from 3.02% to...
May 14, 2015 20:29 pm UTC| Commentary
Westpac Research Notes:AUD/NZD 1 day: This corrective pullback targets 1.0795 today.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ has a conditional easing bias. Expected...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects