Hungarian central bank to tighten policy in longer-term, EUR/HUF to trade at 310 in quarters ahead – Lloyds Bank

May 17, 2017 22:28 pm UTC| Commentary

The EUR/HUF pair has been caught in the crosswinds of global emerging market sentiment; however, to a lesser extent that some other currencies in the last month, noted Lloyds Bank in a research report. The currency pair...

Euro area construction output drops sequentially in March, rises year-on-year

May 17, 2017 22:17 pm UTC| Commentary Economy

The seasonally adjusted production in the euro area construction sector dropped in March on a sequential basis. The construction output fell 1.1 percent, showed the first estimate from Eurostat. On a year-on-year basis,...

NBP keeps interest rates on hold, expects inflation to remain moderate in quarters ahead

May 17, 2017 22:02 pm UTC| Commentary Central Banks

The Monetary Policy Council of the National Bank of Poland decided to keep the interest rates on hold on Wednesday. The reference rate was kept unchanged at 1.5 percent, while the Lombard rate, deposit rate and rediscount...

U.S. headline, core inflation to overshoot Fed’s 2 pct target in 2017 and 2018 – Nordea Bank

May 17, 2017 20:59 pm UTC| Commentary

Recent inflation data for the U.S. have been more subdued than anticipated. However, rather than reflecting a new weaker trend, the weakness is possibly due to the result of a mix of one-offs including a sharp drop in...

Singapore NODX surprisingly falls in April on non-electronics exports, likely to grow 0-2 pct in 2017

May 17, 2017 20:11 pm UTC| Commentary Economy

Singapores NODX surprisingly drops 0.7 percent year-on-year and 9 percent sequentially in April. This is the first drop since October 2016 and compared to the March performance of 16.5 percent year-on-year rise and 1.1...

Russian economic growth continues to expand in Q1 2017, GDP to remain positive in near term

May 17, 2017 19:41 pm UTC| Commentary

The Russian economy continues to gain momentum in the first quarter of 2017. The GDP grew 0.5 percent year-on-year. The headline figure bested the consensus expectation that anticipated for more modest 0.4 percent growth....

U.K. household finances continue to stay under great pressure

May 17, 2017 18:28 pm UTC| Commentary Economy

The seasonally adjusted household finance index of the U.K. hinted that the squeeze on U.K. consumers continued in May. Furthermore, the extent of pressure on the financial wellbeing was amongst the sharpest seen for...