BoC cuts growth forecast to 1.4% y/y in 2016 and 2.4% y/y in 2017
Jan 21, 2016 07:55 am UTC| Commentary Central Banks
The Canadian central bank has kept its overnight rate unchanged at 0.5% on balanced inflation risks. According to the bank, the inflation trend has been near to its projections. Canadas headline inflation continues to be...
Stock markets turmoil unlikely to affect Chinese economy
Jan 21, 2016 07:45 am UTC| Commentary
Chinese stock market had a disappointing start to 2016 as stock trading was suspended for two days in the opening week itself due to plummeting numbers. After Beijing announced new rules on stock trading and rumoured to...
Central Bank of Brazil likely to start easing policy by August 2016
Jan 21, 2016 07:21 am UTC| Commentary Central Banks
The Central Bank of Brazil kept the Selic rate unchanged at 14.25%. The majority of the board voted to leave the rate unchanged, while two members voted for a rate hike by 50bp. According to the board, the decision to keep...
Oil recovery falters, triggers renewed bout of risk-aversion
Jan 21, 2016 06:56 am UTC| Commentary
Oil prices were stable early on Thursday after hitting fresh 2003 lows in its previous session. The front-month West Texas Intermediate crude futures was trading at $28.66 per barrel at 0155 GMT, up 31 cents from its...
Daily Economic Outlook- January 21/2016
Jan 21, 2016 06:51 am UTC| Commentary
The ECB policy decision is due today. The central bank is unlikely to make any changes in its policy after it expanded its stimulus just in December and lowered the deposit rate to -0.30%. The ECB had also extended its...
Canadian dollar rebounded from 13- year lows, supported around C$1.4500
Jan 21, 2016 06:21 am UTC| Commentary
Canadian dollar rebounded overnight after BoC kept overnight rate unchanged at 0.50%. The central bank maintained a relatively neutral stance and noted in the statement that the current stance of monetary policy is...
Falling oil prices and dollar appreciation to weigh on US inflation throughout 2016
Jan 21, 2016 06:03 am UTC| Commentary
The headline inflation for December in the US decelerated 0.1% m/m and increased 0.7% y/y, lower than Barclays and consensus forecast. Core inflation in the US accelerated 0.1% m/m and 2.1% y/y, on par with Barclays...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects