Currency War Series

Currency War Series

Fed likely out of its "ultra-loose" monetary policy- first big change of coming year

Dec 07, 2015 09:03 am UTC| Commentary Central Banks

In the coming year, Fed will be the first major central bank to raise its interest rates and exit from its ultra-loose monetary policy. After a first hike, likely on December 16, the central bank is set to take more steps...

Currency War Series

Draghi’s attempt to sooth market in post-ECB commentary likely to fail

Dec 07, 2015 08:42 am UTC| Commentary Central Banks

European Central Bank (ECB) governor, Mario Draghi at a dinner party on Wall Street, late last Friday, tried to soothe market, however attempts like these are likely to be less effective from now on. Mr. Draghi, pointed...

Currency War Series

ZAR likely remains vulnerable post Fed lift-off

Dec 07, 2015 07:42 am UTC| Commentary

The rating by Fitch might impact ZAR slightly negatively on Monday as it came after the local markets closed on Friday. The rating decisions of both Fitch and SP were as expected, slightly extensive moves can be...

Currency War Series

Further fiscal slippage likely limited for South Africa

Dec 07, 2015 07:37 am UTC| Commentary Economy

South Africa is seeing weak growth and higher public wage settlements, which imply challenges for the governments promises of reducing budget deficit and stabilizing the debt/GDP ratio. The government presented a...

Currency War Series

Russia’s inflation likely to re-accelerate

Dec 07, 2015 07:21 am UTC| Commentary

The central bank of Russia is expected to keep its bank rate unchanged at the current level at its policy meeting end of this week. Earlier, the central bank is expected to cut rates, but as inflation rate in the economy...

Currency War Series

BoK likely to stand pat in December meeting

Dec 07, 2015 06:33 am UTC| Commentary Central Banks

Bank of Koreas cash rate has been left unchanged at 1.50% for several months now, saying that it will stand pat for the inter-meeting time period. The same is expected in its December meeting as well, which is likely to be...

Currency War Series

Riksbank likely to cut rate by 10bp

Dec 07, 2015 05:40 am UTC| Commentary Central Banks

As a result of last weeks disappointing ECB meeting, along with Swedish data, there is somewhat increased pressure on Riksbank in the near term. The KIX recently gained strength and this weeks inflation data will be of...