Fitch sees stability in Turkey economy

Oct 23, 2015 07:15 am UTC| Commentary

Fitch released its latest assessment defending a stable outlook rating for Turkey; while fundamentals have mostly deteriorated, except for the current-account gap which has narrowed to c.4.6% of GDP this year, the rating...

China’s property prices picked up, led by first-tier cities

Oct 23, 2015 07:09 am UTC| Commentary

Chinas property prices continued to warm up, led by first-tier cities. New-home prices rose in 39 cities, compared with 35 in August, the National Bureau of Statistics said Friday. Prices dropped in 21 cities, fewer than...

Riksbank likely to lower repo rate by 10bp in December

Oct 23, 2015 06:17 am UTC| Commentary Central Banks

In the past couple of years Sweden GDP growth has been driven by domestic sectors thriving on the back of a long-standing property market boom and strong migration inflows. Although with some signs of improvement, the...

Denmark likely to tighten policy rate

Oct 23, 2015 06:08 am UTC| Commentary

Lower growth globally is likely to slow GDP growth slightly in Europe and hence in Denmark. Nevertheless, the recovery is still in place, with above-trend growth and rising employment. While global developments pose a...

BoE's rate hike likely in Q1, 16

Oct 23, 2015 05:51 am UTC| Commentary Central Banks

The Monetary Policy Committee (MPC) of BoE remains split with an 8-1 vote on whether to keep the Bank Rate unchanged or raise it immediately. Minutes from the 8 October meeting indicate that most MPC members are not...

ECB prepares easing package for December

Oct 23, 2015 05:43 am UTC| Commentary Central Banks

Draghi pointed towards action at the next ECB policy meeting by saying the degree of monetary policy accommodation will need to be re-examined at the December monetary policy meeting, when the new Eurosystem staff...

Deposit rate cut back in ECB's toolbox

Oct 23, 2015 05:38 am UTC| Commentary Central Banks

To boost the ECBs toolbox, the ECB also reinserted the deposit rate as a possible instrument to be used. While last years assessment suggested that the effective lower bound for rates had been reached, the view now, due to...