ECB expects inflation close to 2% in 2017

Mar 06, 2015 12:47 pm UTC| Commentary

The ECBs new inflation forecasts released yesterday showed that the ECB expects inflation to increase to below, but close to, 2% at the end of the forecast horizon, as it looks for inflation of 1.8% in 2017.The increase is...

Australian unemployment rate to remain elevated in the medium term

Mar 06, 2015 11:51 am UTC| Commentary

Australia will release February labour-market data on 12 March.The unemployment rate likely rose to a 13-year high of 6.5%, while the participation rate remained unchanged at 64.8%. Job creation was strong in 2014, with...

Euro-zone recovery broadens out

Mar 06, 2015 11:48 am UTC| Commentary

The second estimate and breakdown of euro-zone GDP in Q4 provides some tentative signs that the regions recovery is becoming better balanced.Although the quarterly expansion was confirmed at a sluggish 0.3%, the breakdown...

India's February CPI inflation likely to stay at 5.25 pct

Mar 06, 2015 11:46 am UTC| Commentary

Higher energy costs and a slower pace of decline in food prices likely put upward pressure on headline CPI inflation.The expected marginal increase in CPI inflation is unlikely to prompt inflation concerns, however. Benign...

Norway regional network reports of slowing growth

Mar 06, 2015 11:44 am UTC| Commentary

The Regional network reports of slowing growth, but still broadly in line with Norges Banks forecast.The Q1 Regional network report indicates growth in Mainland GDP in Q1 at 0,3 % q/q, just slightly lower than in Q4....

Low oil prices, weaker euro likely to lift German industrial ouput

Mar 06, 2015 11:43 am UTC| Commentary

German industrial production in January was up by 0.6% compared with the previous month (consensus: 0.5%).At the same time, data for the preceding month was revised up by nearly one percentage point to 1.0%.The good...

ECB's Draghi drives up gold price in euros

Mar 06, 2015 11:41 am UTC| Commentary

The gold price in US dollar terms is continuing to trade largely unchanged at around the $1,200 per troy ounce mark.It is thus successfully resisting the firm US currency which appreciated to an 11½-year high during...