Brazil rates – The price of restoring credibility
Jun 03, 2015 04:56 am UTC| Commentary
The BCB has yet to soften its hawkish stance and continues to reiterate the need for vigilance in anchoring inflation expectations. Inflation this year will likely remain substantially elevated versus the BCBs 6.5% target...
Brazil's growth likely to slowdown
Jun 03, 2015 04:37 am UTC| Commentary
Sentiment towards Brazil is fragile. Uncertainties surrounding the extent of the impairment to Petrobras, the state-owned oil company, have been partially allayed by the publication of the companys audited 2014 financial...
Daily Economic Outlook: 3rd June, 2015
Jun 03, 2015 04:14 am UTC| Commentary
The days key domestic release will be the services PMI for May. Having in April reached the highest level in 8 months at 59.5, a stark gap has opened up between the headline PMI and official data, with service sector...
Chile – Tempering rate expectations
Jun 03, 2015 00:22 am UTC| Commentary
Chiles recovery has been underwhelming this year yet we continue to see signs of stronger momentum through the rest of the year. Business surveys show an even brighter outlook. Numbers from the March Indicador Mensual de...
Brazil rates – The price of restoring credibility
Jun 02, 2015 23:47 pm UTC| Commentary
Prior to last years presidential election, the BCB was the target of much criticism for diluting its monetary discipline and not raising policy rates more decisively in 2014. Since then the BCB has recharged its commitment...
UK construction PMI rebounded more than expected
Jun 02, 2015 23:27 pm UTC| Commentary
The UK construction PMI rebounded more than expected (55.9 vs est. 55.0) following a steep six-point cumulative drop in the prior two readings, no doubt helped by a more decisive UK election outcome.New orders jumped from...
Euro area flash CPI estimates came in higher than expected
Jun 02, 2015 23:15 pm UTC| Commentary
The Euro area flash CPI estimates came in higher than expected. Headline CPI grew 0.3% m/m (cons: 0.2%) on higher oil prices lately. More encouraging, is that after stripping out the volatile energy component, core CPI...