Jun 09, 2015 15:44 pm UTC| Commentary
Western Union notes:The euro lost a little ground after strengthening against its U.S. counterpart on Monday. The euro continued to enjoy general support from rising government bond yields in Europe that have made the euro...
Historical low levels of inflation will provide Banxico enough leeway to hike when necessary
Jun 09, 2015 14:30 pm UTC| Commentary
Mexico inflation in May was -0.50% m/m, mostly driven by a very low inflation in the second half of the month (0.04% 2w/2w), consistent with what we have observed in the past five years during this time of the year. Core...
U.S. small business sentiment continued to improve in May
Jun 09, 2015 14:25 pm UTC| Commentary
The NFIBs small business optimism index moved higher in May, rising by 1.4 points to 98.3. The reading came in above the consensus estimate, which called for a more modest increase from 96.9 to 97.2. "While the business...
Risks biased towards BSP's easing first, then tightening
Jun 09, 2015 10:34 am UTC| Commentary
The BSP has room to ease policy rates near-term, at the June and/or August monetary policy meetings. The central banks bias may shift towards tightening from November, however - particularly if the expected US Fed rate...
Interest rate corridor and means for Philippines
Jun 09, 2015 10:23 am UTC| Commentary
The BSP has been developing its monetary policy toolkit by moving to a multiple interest-rate policy scheme, which was first announced in 2013. Currently, the reserve repo rate (currently at 4%) serves as the BSPs policy...
Phillipine's inflation likely to stay low for longer
Jun 09, 2015 10:07 am UTC| Commentary
Inflation, in the Phillipines is expected to remain low for the rest of 2015 and in 2016. Standard Chartered forecasts inflation at 1.9% in 2015 and 2.9% in 2016 (from 2.2% and 3.5%, respectively). Given strong base...
Philippine's financial conditions remain stable
Jun 09, 2015 10:00 am UTC| Commentary
Financial stability in the Philippines has not deteriorated even with global volatility. While real interest rates have edged up as inflation has fallen, they have stayed within ranges seen in the past five years. Net...