RBNZ keeps OCR on hold, policy likely to remain on hold for considerable period

May 10, 2017 22:27 pm UTC| Commentary Central Banks

As expected, the Reserve Bank of New Zealand kept its key interest rate on hold. The central bank maintained the OCR at 1.75 percent. Surprisingly, the central bank concluded that developments since the meeting in February...

China’s underlying inflation pressure remains weak, investment growth likely to moderate in near term

May 10, 2017 21:34 pm UTC| Commentary Economy

The Chinese inflation accelerated slightly in April. The CPI data came in at 1.2 percent year-on-year after a 0.9 percent print seen in March. But after the seasonal adjustment, the trend data imply that underlying...

EUR/PLN, EUR/HUF to gradually rise over coming year, says Commerzbank

May 10, 2017 19:40 pm UTC| Commentary

The European Central Bank is likely to announce the tapering of its asset purchase in 2017, after which its monetary stance will be seen as less expansionary, noted Commerzbank in a research report. In the meantime, below...

U.S. economic growth to expand soundly in 2017, housing market likely to contribute positively to growth

May 10, 2017 19:24 pm UTC| Commentary

The subdued economic growth of the U.S. recorded in the first quarter of this year is unlikely to continue or extend into the remainder of the year, noted Wells Fargo in a research report. Weather and weather-related...

KRW likely to face downside risks in near term on external factors, says Nordea Bank

May 10, 2017 19:08 pm UTC| Commentary

Moon Jae-in was elected the new President of South Korea. But even if the election uncertain is over, the Korea won continues to face downside risks from North Koreas nuclear threat, low public faith in the government and...

Global economy likely to continue growing modestly, central banks to keep policy unchanged in 2017

May 10, 2017 18:47 pm UTC| Commentary

In recent weeks, certain foreign economies have released their first quarter growth data. The results imply that the global economy is growing at a moderate rate at present. Chinas GDP expanded 6.9 percent year-on-year in...

Danish inflation accelerates sharply in April, likely to further accelerate to 1.4 pct in 2017

May 10, 2017 18:29 pm UTC| Commentary

Danish inflation accelerated sharply in April. The consumer price index rose to 1.1 percent in the month, the highest level since the start of 2013 and slightly higher than consensus forecast. Meanwhile, the core figure...