Abrupt SEK appreciation remains a concern for Riksbank

Oct 29, 2015 03:15 am UTC| Commentary Central Banks

The Riksbank remains concerned about an abrupt SEK appreciation and is pencilling a softer pace of SEK effective exchange rate appreciation over the forecast horizon. A prolonged period of SEK strength remains a key...

Hourly labour costs in EU likely rose

Oct 29, 2015 03:11 am UTC| Commentary Economy

The hourly labour costs in euros is given in the table. In Q2 2015, the average hourly labour cost was 29.6 in the euro area. The highest hourly labour cost was seen in Ireland at 43.2 an hour. This compares with 32.8,...

Sweden inflation on uptrend

Oct 29, 2015 03:09 am UTC| Commentary

Swedish inflation and inflation expectations are on an uptrend, but inflation forecasts have been revised slightly lower in the October MPR, acknowledging global disinflationary pressures. The Riksbank acknowledged that...

Lacklustre growth in EU's labour compensation reflects dip in non-wage labour costs

Oct 29, 2015 03:06 am UTC| Commentary

Euro areas non-wage labour costs are the additional amount to be paid on top of gross direct remuneration such as the cost of social security payments, provision of company pension schemes, sick pay, etc. It is the...

Kiwi swings as RBNZ keeps rates on hold; signals more easing

Oct 29, 2015 03:03 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand (RBNZ) kept the cash rate on hold at 2.75% on Thursday, citing improved consumer and business confidence after recent dairy price rises, but signalled that further easing remained on the...

Riksbank likely to make policy more accomodative

Oct 29, 2015 03:00 am UTC| Commentary Central Banks

An additional 10bp repo rate cut in December after the ECB policy meeting, but remain of the view that the Riksbank is close to the end of its easing cycle. Given the expectations for a time expansion of ECB QE in...

Euro area's wage acceleration not strong enough to boost ULC

Oct 29, 2015 02:59 am UTC| Commentary

Stronger growth in Euro areas ULC will result in higher core inflation with higher wage growth. Based on this assumption, core inflation is expected to gradually recover to an average level of 1.3% in the medium term.This...