UK inflation speed up in December, outlook remains weak
Jan 21, 2016 22:46 pm UTC| Commentary
UK inflation sped up as expected between November and December while core inflation, which is stripped of price changes in energy, food and alcohol, rose above expectations to 1.4%; its highest rate in more than a...
BoE's inflation forecast sees even more gradual tightening
Jan 21, 2016 21:58 pm UTC| Commentary
The Bank of England cuts short-term inflation projections implying an even more gradual pace of tightening, with the market currently pricing the first lift-off in the Q4 2016 or first quarter of 2017. The quarterly...
Euro zone Inflation outlook 2016
Jan 21, 2016 21:23 pm UTC| Commentary
ECBs easing is dependent on incoming economic data with the inflation development being crucial. Market anticipates 0.9pp increase in headline inflation over the next two months, while core inflation is also expected to be...
Brazil decision to keep rates on hold raises questions of independence
Jan 21, 2016 18:01 pm UTC| Commentary Central Banks
Banco Central do Brasil (BCB) surprisingly left rates unchanged at 14.25% at yesterdays monetary policy meeting. The expectation had been for a rate hike of 50bp. The decision raises questions regarding the central banks...
OPEC countries optimistic on oil market balance
Jan 21, 2016 16:20 pm UTC| Commentary
Oil prices (both Brent and WTI) have been trading below $30 a barrel. The price of oil has dipped to levels that it favors more for buyers than for sellers. The rationale being that oil producers will definitely put a cap...
RUB slumps on Russian officials' irresponsible comments
Jan 21, 2016 15:31 pm UTC| Commentary
Oil price is currently the most important driver for the Russian currency, but the cause behind yesterdays ruble weakness was rather irresponsible comments by Russian officials. USD/RUB breached the 80 mark and closed at...
PBoC's massive cash injection signaling reduced RRR cuts?
Jan 21, 2016 15:03 pm UTC| Commentary Central Banks
In todays money market activity, the PBOC injected 290 bn yuan through 28 day reverse repos and 110 bn yuan through 7-day reverse repos, the largest seen in 3 years. Could we consider this as a signal that the central bank...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects