Brazil's growth environment and consequences for inflation
Jun 24, 2015 23:06 pm UTC| Commentary
Wages are falling, but not necessarily affecting inflation. The Copom acknowledges the deterioration of the labor market and despite stating that wage adjustments are now closer to its estimate of productivity gains (i.e.,...
Brazil's inflation forecasts shows anchoring only by Q2 17
Jun 24, 2015 22:42 pm UTC| Commentary
Brazils inflation forecasts were broadly influenced by the regulated price adjustments. The Copom has affirmed that between Q2 15 and Q1 16, inflation forecasts will be higher, partially because of the stronger regulated...
Still-low core PCE inflation supports the Fed’s patient stance
Jun 24, 2015 21:53 pm UTC| Commentary
Core PCE inflation (Thursday, 08:30 ET) is expected to be up 0.1% m/m, (in line with the consensus view) from 0.1% in April, which would translate in a 1.2% y/y print, unchanged from April.San Francisco Fed President...
Singapore's industrial production is expected to have stabilised in May
Jun 24, 2015 21:33 pm UTC| Commentary
Singapore will release May industrial production data on 26 June. Industrial production is expected to have stabilised, contracting just 2.1% y/y, versus the 8.7% y/y fall in April.Singapores PMI returned to a mild...
Taiwan central bank to maintain a pro-growth monetary policy stance in June
Jun 24, 2015 21:24 pm UTC| Commentary
The Taiwan central bank (CBC) is scheduled to hold its next quarterly Monetary Policy Committee (MPC) meeting on 25 June. Policy makers are expected to keep the policy re-discount rate unchanged at 1.875% for a 17th...
Jun 24, 2015 20:14 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields followed the US, slipping from 2.12% to 2.07%, while the 10yr fell from 3.14% to...
Jun 24, 2015 20:13 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields initially rose to2.41% after Q1 GDP was revised higher (as expected) but then fell to 2.36%. A 5yr auction disappointed, awarded at 1bp above pre-auction market...
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