ECB on track to loosen policy at December meeting

Nov 20, 2015 17:30 pm UTC| Commentary Central Banks

Since President Draghis 22nd October announcement that an easing of monetary policy would be considered at the ECBs December meeting, which is now less than two weeks away, indicators of euro area financial conditions have...

Russian output and demand heading for improvement

Nov 20, 2015 16:58 pm UTC| Commentary

Russias October output and demand data show some relief in output indicators and signal that deepening economic contraction has been left behind. The fall in fixed investments and industrial production continued to shrink...

Mexico's GDP getting better but still far from a strong acceleration in growth

Nov 20, 2015 16:09 pm UTC| Commentary

Mexico GDP increased 0.8% q/q sa in Q3, slightly above the forecast. This growth was driven mainly by the expansion in the three sectors of the economy: secondary (0.8%), tertiary (0.8%) and primary activities (2.3%). In...

Russia's industrial production a bit slower, but no longer a soft spot

Nov 20, 2015 15:59 pm UTC| Commentary Economy

In October, Russian industrial production did not deteriorate that much in annual terms ( 3.6% yoy versus -3.7% yoy in September), but, taking seasonal and calendar effects into account it continued to contract (-0.1% mom...

PBoC lowers SLF rates in move to build a new policy framework

Nov 20, 2015 15:37 pm UTC| Commentary Central Banks

The PBoC cut its overnight and 7d SLF rates in a move to anchor market interest rate expectations ahead of the resumption of IPOs next week. The central bank announced yesterday that it would lower the rate charged by its...

Canadian retail sales fall in September for the first time in four months

Nov 20, 2015 15:16 pm UTC| Commentary Economy

Canadian retail sales fell 0.5% (m/m) in September after rising for four consecutive months. Todays reading came in well below the median consensus forecast of a 0.1% increase. Much of the weakness was due to lower prices...

Another modest month for Canadian inflation

Nov 20, 2015 15:12 pm UTC| Commentary Economy

Canadian inflation was up 1.0% year-on-year in October, a repeat of the growth seen in September. Core inflation, which excludes the eight most volatile components, rose 2.1% y/y for a third consecutive month. Price...