BI left the reference rate of 7.5% unchanged
May 19, 2015 10:25 am UTC| Commentary
Going forward, there is no scope for significant BI easing (consensus: 40bps by mid-2016).BI remains focused on reining in its current account deficit, which is unlikely to improve much (BI forecast for 2015 at 3.3-3.5% of...
Strong demand the key to oil market strength
May 19, 2015 10:16 am UTC| Commentary
The next OPEC meeting is just over two weeks away. In annalystss view, the oil market has yet to reach consensus on the effect of the previous OPEC meeting. Opinions are divided over the extent to which the market has...
German ZEW highlights risks to the recovery
May 19, 2015 10:11 am UTC| Commentary
Mays fall in German ZEW investor sentiment highlights that growing fears for Greece together with recent increases in bonds yields and the euro exchangerate have damaged the economic outlook. The decline in the headline...
Noflation points way to weaker Cable
May 19, 2015 09:35 am UTC| Commentary
Maybe theres a better explanation of the correlation between oil prices and inflation expectations (or at least, market pricing of inflation forwards) but the breakdown in the relationships between money supply and...
RBA Board clarifies guidance and appears to confirm soft easing bias
May 19, 2015 09:28 am UTC| Commentary
The minutes of the RBA Board meeting for May are used to clarify the Banks policy position. Recall that markets were confused by the lack of policyguidance in the Governors statement which was released after the May...
Chinese State Council unveils reform priorities for this year; implementation remains key
May 19, 2015 07:53 am UTC| Commentary
The Chinese State Council yesterday unveiled its priorities for economic reforms for this year.These include: 1) Decentralize governance eg cutting red tape, streamlining administration. 2) Promote yuan convertibility...
Riksbank’s strategy remains a mystery to the market
May 19, 2015 07:41 am UTC| Commentary
The Swedish Riksbanks strategy is and remains a mystery. The market reaction to the uneventful Riksbanks Executive Board meeting proved that. Even though the Board had not convened for a monetary policy meeting but for a...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects