Another cut in the ECB deposit rate
Jul 16, 2015 07:31 am UTC| Commentary
Regarding rate cuts, the ECB has already depleted nearly all its options. As the refi rate is standing at 0.05%, only another cut in the deposit rate is possible. Currently, the deposit rate stands at -0.20% and another 10...
USD-TRY likely at 2.75 levels by year-end
Jul 16, 2015 07:29 am UTC| Commentary
Turkish currency is the one of the best performances around Emerging Market over the past month. Turkish lira gained 3.6% against the USD; in combination with the RUBs near-4% loss over the same period, this was evidently...
Jul 16, 2015 07:21 am UTC| Commentary
Poland headline CPI fell by an expected 0.8% y/y vs. 0.9% y/y in June. Food and beverage prices rose more than expected, and fuel prices turned less deflationary, both of which exerted upward pressure on the headline....
New single currency constitutes risks for the euro?
Jul 16, 2015 07:18 am UTC| Commentary
It may be possible to find someone within the ECB or EU Commission who would be willing to confirm the debt levels, can most definitely not be fulfilled any longer, as the IMF made it clear in writing yesterday that the...
Singapore's GDP growth rate likely lower than expected
Jul 16, 2015 07:17 am UTC| Commentary
Singapore released its non-oil domestic exports (NODX) for June this morning. The economys NODX posted 4.7% yoy growth in June from -0.3% in May, whereas, consensus was expecting only 2.4%. Overall exports were lifted by...
Athens says yes, but there are still many unsolved issues
Jul 16, 2015 07:08 am UTC| Commentary
EUR-USD is trading at slightly lower levels this morning at just above 1.09. The fact that the euro was unable to benefit might well have been due to the fact that a yes vote could have been expected as the opposition had...
Rising wage rate may erode German's international price competitiveness
Jul 16, 2015 07:04 am UTC| Commentary
The statutory minimum wage, tighter labour market regulation and the new wage agreements will cause labour costs to rise further for German businesses. But thses may not affect immediately. The rising labour costs of...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight