No monetary policy change likely by National Bank of Hungary

Oct 20, 2015 07:10 am UTC| Commentary

The National Bank of Hungary (MNB) holds its MPC meeting today, no change in the benchmark rate is expected. The rate easing cycle is likely to be re-opened in Hungary and Poland, but this will take more of a...

Poland's growth likely moderating

Oct 20, 2015 07:07 am UTC| Commentary

Polands industrial and retail sales data from September portray a gradually moderating growth cycle, in line with recent signals from the PMI. Calendar-adjusted industrial output growth was promising, rising 1.5% mom, but...

More rate cuts no RBA's imminent measure

Oct 20, 2015 07:07 am UTC| Commentary

The past rate cuts (the last time the Reserve Bank of Australia cut interest rates was in May) are still having a positive effect on overall demand. That was the key message the RBAs meeting minutes of the meeting on 6th...

Change of government unlikely to support CAD

Oct 20, 2015 07:02 am UTC| Commentary

The change of government in Canada does not seem to support CAD. The Liberal Democrat Justin Trudeau seems to be emerging as the winner of the parliamentary election in Canada and the loonie came under pressure last night....

China's social reforms to improve safety net and promote inclusive growth

Oct 20, 2015 06:59 am UTC| Commentary

Despite steady improvements during the 12FYP, Chinas social spending as a percentage of GDP is still relatively low compared with OECD members and even with other BRICs. The high saving rates in China have been driven in...

China looking for new growth model

Oct 20, 2015 06:57 am UTC| Commentary

As consumption is a key element in Chinas economic rebalancing, this area will clearly be a priority in the 13FYP. This view is supported by President Xis remarks in May 2015, 5 when he said that China should move from the...

PBoC interest rate deregulation likely to be completed

Oct 20, 2015 06:46 am UTC| Commentary

China has meaningfully accelerated the process of interest rate liberalisation in the past few years.Starting in 2012 the Peoples Bank of China (PBOC): 1) removed the lending rate floor relative to benchmark interest rates...