Fed Chair Yellen: Balanced risks amid improving data
Jul 15, 2015 15:25 pm UTC| Commentary
In her written testimony before the House Financial Services Committee, Federal Reserve Chair Janet Yellen sounded somewhat less dovish than in her speech last Friday before the City Club of Cleveland. In part, it is...
Bank of Canada Rate Decision & MPR --- 25 bp cut
Jul 15, 2015 14:59 pm UTC| Commentary
It appears the Bank of Canada is getting into the reinsurance business. Following a series of disappointing GDP and trade results, the Bank chose to further trim interest rates today, cutting its key overnight lending rate...
Philippine's remittances stable
Jul 15, 2015 12:45 pm UTC| Commentary
Remittances fell for a second month straight in May on a m/m sa basis, further unwinding the March rebound.Philippines remittances growth remains broadly stable at +5.7% y/y, the same rate of growth was observed last year....
China's annual growth rate likely to be higher than expected
Jul 15, 2015 12:27 pm UTC| Commentary
Chinas GDP for second quarter indicates improvement in growth momentum.Both onbudget and off-budget fiscal support is finally stepping up, therefore, Societe Generale expects a pause in headline monetary policy easing in...
Bank of England to hike in November?
Jul 15, 2015 10:36 am UTC| Commentary
The MPCs August meeting will be very important as this will be the first time that there is the new Super Thursday setup. The policy announcement, minutes and the new Inflation Report will all be released at the same time....
UK labour market likely to be back to normal despite high unemployment rate
Jul 15, 2015 10:30 am UTC| Commentary
Despite the higher UK unemployment rate and lower employment it is worth noting that the labour market is still more or less back to normal as Bank of England estimates that the medium-term equilibrium unemployment rate is...
UK's higher wage growth and MPC comments indicate hike is moving closer
Jul 15, 2015 10:24 am UTC| Commentary
The combination of increasing wage growth and very low inflation implies increasing real wage growth, which is at its highest level since September 2007 .As inflation is mainly low due to the drop in energy and food...
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