Currency War Series

Currency War Series

RBI to cut final 25bp in February with inflation in 5-6% range; rains key

Dec 09, 2015 00:32 am UTC| Commentary Central Banks

RBI Governor Raghuram Rajan is expected to cut 25bp in February. Inflation should peak at 5.5-6% by January 2016 to meet the RBIs under-6% target. The RBI will be on a long pause thereafter. RBIs around 5% March 2017...

Currency War Series

SNB likely to remain on hold despite ECB rate cut

Dec 08, 2015 15:35 pm UTC| Commentary

After the modest rate cut by the ECB last week, a rate cut by the Swiss National Bank (SNB) on Thursday is a risk scenario. It is believed SNB to remain on hold as the upward pressure on the CHF is limited at the moment....

Currency War Series

FxWirePro: Central banks adds their bits in monetary policies for Scandi FX but likely to sense pressures from crude oil

Dec 08, 2015 13:08 pm UTC| Commentary Central Banks

Currency crosses in Scandis are cushioned with the impetus from their respective central banks single mindedly targeting growth in Norway and inflation in Sweden. Growth will eliminate the output gap and core inflation...

Negative Rates Series

Currency War Series

SNB’s deposit rate cut likely this week

Dec 08, 2015 09:11 am UTC| Commentary Central Banks

The modest rate cut by ECB last week raises pressure on the Swiss National Bank for a rate cut. The Swiss interest rates are below the EUR rates across the horizon, which support EUR/CHF to move above 1.10. Switzerland...

Currency War Series

ECB with a further monetary easing bias in 2016

Dec 07, 2015 22:27 pm UTC| Commentary Central Banks

There is unlikely to be much change in euro zone economic growth in 2016. Non-performing loans on bank balance sheets, overly high corporate and private debt, falling house prices in Italy and France and the lack of...

Currency War Series

BoE to stay pat at Thursday's meet, scope for some macroprudential considerations

Dec 07, 2015 11:39 am UTC| Commentary Central Banks Technicals

The BOE has held off raising rates for a long time now. The last MPC meeting made it evident that a strong GBP was a larger concern for the BoE than previously perceived. After the ECB disappointed the market significantly...

Currency War Series

Swiss FX reserve rises with intervention

Dec 07, 2015 10:34 am UTC| Commentary Central Banks

For the past month, looking at Euro/ Franc exchange rate, we have been speculating that Swiss National Bank (SNB) might be intervening in the market on regular basis to pop up Euro against Franc and to maintain some...