Federal Reserve likely to consider rate hike
Mar 11, 2015 09:49 am UTC| Commentary
Whispers that the Federal Reserve could consider a rate hike as soon as June have been on the increase since last weeks strong US February employment report.Rabo Bank notes in a report on Wednesday: US economic data so...
BOT unexpectedly cuts policy rate
Mar 11, 2015 09:23 am UTC| Commentary
The Bank of Thailand (BoT) cut its policy rate by 25bps to 1.75% at todays policy meeting. This was against the expectation that it would keep the rate on hold. The Monetary Policy Committee (MPC) voted 4-3 to reduce the...
Singapore Rates Strategy: Standard Chartered Bank
Mar 11, 2015 08:52 am UTC| Commentary
Maintain Neutral duration stance We remain Neutral on Singapore Government Securities (SGS). We expect the MAS to ease policy by lowering the midpoint of the SGD NEER policy band. We expect the yield to spike on the...
SOR and 2Y IRS to move higher on the MAS’ easing bias
Mar 11, 2015 08:45 am UTC| Commentary
Given that the MAS will ease policy by re-centring the midpoint of the SGD NEER policy band, without changing the bands slope and width, the Singapore swap offer rate (SOR) and short-end SGD IRS is expected to surge...
Sweden’s attention is on inflation
Mar 11, 2015 08:26 am UTC| Commentary
In Sweden attention is on inflation with the release of the February CPIF inflation and Prosperas inflation expectations survey.The February CPIF and CPI forecasts are 0.1 and 0.2 percentage points above Riksbanks ditto...
Denmark likely to expect current account surplus of DKK11.5bn in January
Mar 11, 2015 08:12 am UTC| Commentary
Denmarks current account surplus is expected to be of around DKK11.5bn in January, which is not far off Decembers DKK12.0bn. The surplus is driven both by a large trade balance surplus and net income from abroad. The...
Mar 11, 2015 08:04 am UTC| Commentary
The EUR remains under pressure as the ECBs bond buying programme boosts liquidity and pushes down European yields.EUR/USD declined another 1.5 figure yesterday and dropped below 1.07 and while the cross looks increasingly...