PBoC's further rate cut likely in near future
Nov 24, 2015 09:08 am UTC| Commentary Central Banks
The industrial profits in state-owned enterprises (SOEs) of China are fallen by 9.2% y/y YTD in October. Corporate indebtedness has raised the credit concerns among commercial banks and poses a significant downside risk to...
Saudi's USD/SAR's peg likely to break?
Nov 24, 2015 05:27 am UTC| Commentary
Off-late oil price declines have driven the speculations higher about the USD/SAR pegs breaking possibility. This is unlikely. 12 month forwards are already setting to price in SAR weakness. This clearly signals that...
South Africa's SARB likely to hike 25bp further in January
Nov 24, 2015 04:45 am UTC| Commentary
The SARBs 25 bp repo rate hike last week to 6.25% was promising that ZAR/USD recovered from its lowest of 14.44, and it has outperformed most of its EM country currency peers in the week. The increased currency...
Central Bank of Turkey to remain on hold
Nov 24, 2015 04:02 am UTC| Commentary
There is high vulnerability of the central bank to pressures politically. The new policy mix in Turkey will result in easing the domestic monetary conditions overall. Hence, in a politically motivated scenario, i.e....
Firm Eurozone PMIs unlikely to derail ECB stimulus expectations
Nov 24, 2015 02:14 am UTC| Commentary
The Eurozone economys November composite PMI (flash) ticked up to 54.4 from 53.9, to a four and half year high. Both manufacturing and service PMIs stayed in the expansionary above-50 region. This takes Oct-Nov...
No further BI easing expected in 2015
Nov 24, 2015 00:11 am UTC| Commentary Central Banks
Potential Fed rate hike in December the constraint to easing. Better current account data, contained inflation and a recovering currency have provided BI with the previously elusive opportunity to shift its focus to growth...

BoK will remain on hold in 2016
Nov 23, 2015 23:29 pm UTC| Commentary
Further BoK rate cuts are not expected in 2016, as policymakers will maintain a wait-and-see stance. The ongoing recovery in domestic demand fuelled by credit expansion (especially household credit) is likely be the main...