Upward trend in Hungarian inflation likely to keep MNB on hold, EUR-HUF to rise steadily through 2017

Dec 08, 2016 12:08 pm UTC| Insights & Views Economy Central Banks

Hungarys inflation outlook is far more benign than in past years. The central bank (MNB) lowered its projections significantly through 2016. The 2016 headline inflation forecast was lowered from 1.7 percent to 0.5 percent...

Downward pressure on CNY likely to persist and extend into 2017, says Scotiabank

Dec 08, 2016 11:35 am UTC| Commentary Economy

The downward pressure on the yuan will persist and extend into 2017 amid continued capital outflows. Chinas foreign reserves tumbled USD 69.1 billion to USD 3.0516 trillion at the end of November from a month ago, the most...

Central Banking Series

National Bank of Poland springs no surprises, remains on hold as expected

Dec 08, 2016 10:44 am UTC| Commentary Central Banks Economy

The National Bank of Poland remained on hold, as per market expectations, throwing no surprise bursts at all. According to NBP Governor Glapinski, the current economic deceleration had been anticipated, but improved...

Activity in U.S. financial sector rises at fastest pace in two years, industrials at 13-month high

Dec 08, 2016 10:17 am UTC| Commentary Economy

Activity in financial sector rose at the fastest pace since August 2014, with basic materials, consumer goods and industrials all witnessing strong growth. However, healthcare returned to foot of sector rankings thanks to...

Taiwan exports witness double-digit growth first time since January 2013 led by electronics sector

Dec 08, 2016 09:33 am UTC| Commentary Economy

Exports in Taiwan witnessed a double-digit growth for the first time since January 2013, led by electronics sector. The external trade data out yesterday surprised on the upside. Exports grew 12.1 percent y/y in...

Malaysian exports fall more than expected in October as crude oil, machinery remain major drags

Dec 08, 2016 09:05 am UTC| Commentary Economy

Exports in Malaysia fell more than what markets had initially anticipated during the month of October, as exports of crude oil and machinery remained the major drags during the period. Malaysian headline October exports...

French non-farm payrolls continue to rise in Q3, supported by temporary work

Dec 08, 2016 08:23 am UTC| Commentary Economy

French non-farm payrolls continued to rise during the third quarter of this year, supported by growth in temporary work. In Q3 2016, French payroll employment in the non-farm market sectors continued to increase...