Oct 21, 2015 05:15 am UTC| Commentary
Today, the BCB will announce its latest rate decision. Here, the Bank finds itself stuck between a rock and a hard place with inflation in the high single digits while GDP growth is set to contract by more than 2.5%...
Q3 15 likely to be the bottom of Russia's economic contraction
Oct 21, 2015 05:08 am UTC| Commentary
Russias September output and demand data signalled that economic contraction reached the bottom in Q3 15 as we previously expected. However, as construction growth stays in negative territory, production sectors linked...
Fed tightening may mount pressure on BRL
Oct 21, 2015 05:08 am UTC| Commentary Central Banks
The sharp deterioration in financial conditions in Brazil - given domestic and external sector developments - forced the BCB to come out in support of the BRL with some direct actions and indirect assurances (including the...
Japan's export growth probably grew up in September
Oct 21, 2015 04:59 am UTC| Commentary
The total trade amount seems to be growing, but this is only because most settlements are done in USD and the settlement amount is pushed up due to yen depreciation. Trade in volume is likely to have decreased in...
Brazil's macro economy and financial conditions deteriorate
Oct 21, 2015 04:54 am UTC| Commentary Economy
Both the macro economy and financial conditions of Brazil have further deteriorated since the September Copom meeting. On the growth front, August retail sales and labour market developments were worse than expected. This...
Brazil may post moderate inflation rate next year
Oct 21, 2015 04:49 am UTC| Commentary
Brazils inflation data for September suggest that inflation acceleration is over. The full month inflation number eased to 9.49% yoy in September from 9.56% in July and 9.53% in August. In fact, the monthly rate of change...

Japan achieving a sustainable trade surplus will take time
Oct 21, 2015 04:41 am UTC| Commentary
Although Japans trade deficit is likely to improve as a trend due to better terms of trade, Japans export recovery remains weak because the US economic recovery remains modest and there is uncertainty surrounding the...