Brazil's upside inflation risks remain elevated
Jul 22, 2015 05:12 am UTC| Commentary
The upside risks to the Brazils near-term inflation outlook have risen further due to the surprisingly stronger acceleration in food prices over the past couple of months and the continued rise regulated goods and services...
BRL needs to depreciate to achieve competitiveness
Jul 22, 2015 05:11 am UTC| Commentary
Given the rigidities in the labor market, external competitiveness requires a sufficient enough BRL depreciation. While the recent depreciation is significant, it is not yet sufficient to make Brazilian exports...
Brazil's current account balance improving, at least in dollar terms
Jul 22, 2015 05:09 am UTC| Commentary
Brazils trade balance improved significantly to USD4527.5mn due to another sharp contraction in imports in June. As a result, the H1 trade balance in improved to USD2.2bn.The June trade balance also indicates that the...
Improvement in Brazil’s current account balance temporary
Jul 22, 2015 05:04 am UTC| Commentary
A sharper contraction in imports caused Brazils H1 trade balance improved to USD2.2bn which recorded a deficit of -USD2.5bn in H1 14. The current account balance was worsen to -4.4% of GDP in 2014, from a surplus in 2007...
Brazil inflation to rise further on food prices
Jul 22, 2015 05:03 am UTC| Commentary
Brazils inflation acceleration continued through Q2, as May and June releases suggest, despite the signs that adjustments to regulated goods and services prices are over.The bulk of the upside surprise appears to be driven...
Brazil’s current account balance improvement to continue in H2
Jul 22, 2015 04:44 am UTC| Commentary
Due to a sharper contraction in imports, Brazils H1 trade balance improved to USD2.2bn compared with a deficit of -USD2.5bn in H1 14. Societe Generale forecasts the current account balance (CAB) in June will be at...
UK's first rate increase on the horizon
Jul 22, 2015 04:39 am UTC| Commentary
If the recent UK data flow is put up together, there are signs of emerging inflation pressures from the labour market driven by strong growth which is closing the output gap. However they are being offset by the continuing...