FOMC sees progress toward liftoff but notes Greece
Jul 08, 2015 21:07 pm UTC| Commentary Economy
The June FOMC minutes revealed a number of reasons to be cautious among Fed officials - including uncertainty about Greece - yet the broad conclusion among the voters was that the economy was continuing to approach the...
Poland keeps rate comfortably on hold
Jul 08, 2015 18:16 pm UTC| Economy Central Banks
The National Bank of Poland (NBP) kept its policy rate on hold at 1.5% as expected. The MPC has collectively and individually assured that no rate change is likely at least until mid-2016, and the next move is more likely...
Jul 08, 2015 17:50 pm UTC| Economy Commentary
Todays Summer Budget was more about fulfilling election pledges than economics. As expected, the government announced major cuts in welfare spending but it still has to find additional savings in the autumn spending round...
Brazil IPCA on its way to the peak
Jul 08, 2015 16:25 pm UTC| Economy
Brazils June inflation increased at 0.79% m/m, and compatible with an annual print of 8.89% y/y. Year-to-date, inflation has accumulated 6.2%. During June, the largest pressure came from the personal expenditures group,...
Sweden June CPI, cooling prices
Jul 08, 2015 07:18 am UTC| Economy Commentary
Sweden CPIF inflation might once again drop below 1%. Normally the summer sale of clothing and footwear begins in June. This year the spring was unusually cold, and clothing and footwear sales appear to have been...
Singapore's another intermeeting easing likely before October
Jul 08, 2015 06:58 am UTC| Commentary Economy
Singapores external growth momentum is waning, as evidenced by non-oil domestic export growth falling by 0.2%y/y (consensus: 2.3%y/y). Meantime, CPI inflation was soft in May - the core reading fell from 0.4%y/y to 0.1%yy...
Euro to recover modestly in long term
Jul 08, 2015 06:30 am UTC| Economy
Further out, a modest EUR recovery is expected, as the positive effects of QE/credit easing feed through. The economic recovery will take time to feed into higher inflation capping longer-term forecasts, says RBC...
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
Why Germany ditched nuclear before coal – and why it won’t go back
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