Outperforming outlier Germany could pose long term challenge for ECB policy
Jan 06, 2016 11:02 am UTC| Commentary Central Banks
Yesterdays better than employment report from Germany shows it remains an outperforming outlier in Euro Zone. German economy despite facing worst of migrant crisis managed to expand both its manufacturing and services...
Fed likely to begin gradual normalization
Jan 06, 2016 10:19 am UTC| Commentary Central Banks
The overarching investment theme heading into 2016 is the divergence of global monetary policies among major central banks. Ultra-low interest rates alongside substantial amounts of quantitative easing by the Fed, BoE,...
Yuan depreciation – market driven or PBoC’s hand
Jan 06, 2016 09:00 am UTC| Commentary Central Banks
Yuans depreciating march against Dollar, to start the year with is getting quite an attention among market players, especially the offshore counterpart. Todays relentless depreciation is offshore Yuan, which is already...
How does a positive surprise look like for NOK?
Jan 05, 2016 17:36 pm UTC| Commentary Central Banks
It has been a while since anything close to good news came for NOK. Oil prices have been declining steadily since august 2014 and Norges Banks forecast for the economy has been revised down in the 12 last editions of the...
ECB inflation projections are already outdated—again
Jan 05, 2016 17:26 pm UTC| Commentary Central Banks
In December, the ECB had revised its projections for the core inflation rate in 2016 downwards slightly to 1.3%. But this will not be the last revision. Given that the rate stuck at 0.9% in December, the ECB will probably...
Unchanged euro area inflation is set to put pressure on ECB
Jan 05, 2016 17:02 pm UTC| Commentary Central Banks
Inflation in the Euro area remained at 0.2% y/y in December. That was no surprise after the low German print yesterday. The ECB has recently shifted the focus a bit towards the core rate. The one excluding the prices for...
More ECB action likely as Eurozone CPI misses expectations
Jan 05, 2016 13:42 pm UTC| Commentary Central Banks
Eurozones consumer prices increased at a higher rate in December than earlier, signalling that it is more difficult for the European Central Bank to boost inflation than policy makers had expected. Consumer prices in...
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