Halister News

(Bloomberg) -- Bank of Korea and Bank of Indonesia will each likely cut by 50 bps between now and end of 2016 compared with previous forecast of just 25 bps, Rob Subbaraman, Nomura’s chief economist for Asia ex-Japan, says in a phone briefing.

• India and Malaysia will each reduce by 25 bps from no cut previously: Singapore-based Subbaraman
• MAS likely to re-center midpoint of NEER band lower on or before Oct. meeting: Nomura
• HK’s Hibor fixing likely to go up as Brexit leaves HK economy vulnerable to capital outflows, Albert Leung, HK- based rates strategist, says at same briefing
• Co. recommends investors to extend duration on Indian bonds from 5-yr to 7-9 yr part of the yield curve: Vivek Rajpal, rates strategist in Singapore
• READ: Nomura Cuts Asia FX Views, Sees ‘Waves of Contagion’ Post Brexit