Canada on the brink of recession?

Jul 27, 2015 03:39 am UTC| Commentary

It is expected that the ongoing decline in the price of oil and other commodities and the weakness in investment will continue to weigh on the performance of the Canadian economy and hurt the loonie, despite the...

Sweden retail sales and Q2 GDP to help unwind SEK weakness

Jul 27, 2015 03:36 am UTC| Commentary

Sweden retail sales are solid and the preliminary release of Q2 GDP should help unwind some of the recent currency weakness following the surprise Riksbank cut, which has driven EUR/SEK close to the top end of its recent...

BoI to decide policy

Jul 27, 2015 03:29 am UTC| Commentary

In Israel, Bank of Israel (BoI) is widely expected to remain on hold at 0.10% next week.Inflation has started to increase, and the BoI forecasts that it will move up to the centre of the target by mid-2016.However, ILS...

CBR to decide policy

Jul 27, 2015 03:26 am UTC| Commentary

In Russia, it is commonly expected the Bank of Russia (CBR) to slow the pace of easing and lower its policy rate by 50bp to 11% on Friday MPC meeting.At the most recent meeting, the CBR signaled that it will slow the rate...

BCB to deliver 50bp hike

Jul 27, 2015 03:24 am UTC| Commentary

In Brazil, despite very weak economic data in the past few weeks, it can be expected that the BCB will hike the Selic rate by 50bo in its next meeting."After last weeks adjustment in the primary surplus and recent...

No reasons for Banxico to have a hawkish bias

Jul 27, 2015 03:21 am UTC| Commentary

Banxicos decision next week can be weighed on by Mexican inflation at new all-time lows. Despite recent weakness in EM currencies, a little evidence of a broad FX pass-through is found and shows that Banxico has enough...

UK GDP growth to bounce to 0.6% qoq in Q2

Jul 27, 2015 02:22 am UTC| Commentary

Societe Generale notes:The first estimate of GDP growth is an output measure. The weakness of growth in Q1 of only 0.4% qoq was mainly caused by the surprise fall in services output growth from 0.9% qoq in Q4 14 to only...