China's growth target, doubling GDP and income per capita by 2020
Oct 26, 2015 09:51 am UTC| Commentary
6.5% growth will be China governments official bottom line during the 13FYP, though actual growth on the ground could be lower.President Xi reiterated the official targets of doubling the GDP and income per capita by 2020...
SDR inclusion unlikely to impact China's balance of payments
Oct 26, 2015 09:29 am UTC| Commentary
At the moment, the IMF has allocated about SDR 204 bn. This is equivalent to EUR 257 bn or USD 361 bn at current exchange rates. Even if the renminbi had a share of 10% in the SDR basket, the CNY purchases which the...
PBoC to cut RRR by another 50 bps in Q4 2015
Oct 26, 2015 09:23 am UTC| Commentary Central Banks
Theoretically it does not make sense for China to maintain a stable currency amid monetary policy easing. Nonetheless, it appears that the PBoC still caps the upside of USD/CNY and USD/CNH via selling its foreign reserves,...
Singapore's September IP hampered by lack of producer confidence
Oct 26, 2015 08:46 am UTC| Commentary
Singapores industrial production for September fell 4.8% y/y (Aug: -7.1%; Jul: -6.6%), slightly below expectation. On a seasonally adjusted m/m basis, output expanded marginally by 0.4% - negligible to offset the 3.6% m/m...
Political risk premium on Polish assets is set to increase further
Oct 26, 2015 07:55 am UTC| Commentary
In Poland, opposition Law and Justice (PiS) won yesterdays general election by a wide margin as per exit polls, with an estimated 37.7% of votes, which will get the party 232 of 460 seats in the lower house of parliament....
US Q3 GDP tracking likely at 1.3%
Oct 26, 2015 07:50 am UTC| Commentary
US Q3 GDP tracking rose one-tenth this week, driven by better housing market data. Q3 GDP forecast has been risen to 1.5% ahead of next weeks advance estimate. Housing starts rose 6.5% m/m in September to 1.21mn on...
Dueling outlooks set to keep the Fed on hold in October
Oct 26, 2015 07:47 am UTC| Commentary Central Banks
US domestic demand strength is likely to bolster confidence in the outlook for those FOMC members who think a healthy consumer and falling unemployment justify a modest rise in interest rates by year-end. However,...
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