Canadian headline inflation likely to have reached 2 pct in February

Mar 22, 2018 21:39 pm UTC| Commentary

Canadian headline inflation is likely to have reached the target rate in February. According to a TD Economics research report, the consumer price inflation is likely to have reached 2 percent year-on-year, reflecting a...

U.S. flash PMI index falls in March, but output growth remains strong

Mar 22, 2018 21:06 pm UTC| Commentary

The seasonally adjusted IHS Markit Flash Services PMI Business Activity Index for the U.S. fell in the month of March. The index dropped from Februarys six-month high of 55.9 to 54.1 However, the latest reading is well...

U.S. FHFA House Price index rises in January

Mar 22, 2018 21:04 pm UTC| Commentary

The U.S. FHFA purchase-only Price Index rose in the month of January. The index came in 0.8 percent sequentially, coming in stronger than consensus expectations of 0.4 percent rise. Moreover, the earlier months print was...

U.S. manufacturers’ business conditions record strong and accelerated recovery in March

Mar 22, 2018 20:08 pm UTC| Commentary

U.S. manufacturers saw a strong and accelerated rebound in their overall business conditions in March. This was emphasized by the seasonally adjusted Flash Manufacturing PMI index that rose to 55.7 from Februarys 55.3. The...

Bank Indonesia likely to keep rate on hold through 2018

Mar 22, 2018 19:11 pm UTC| Commentary Central Banks

Bank Indonesia maintained its policy rate at 4.24 percent today, as was widely anticipated. The narrative of the policy statement and the underlying macro forecasts were widely the same as the earlier statement. The...

Philippine central bank unlikely to tighten monetary policy in near future

Mar 22, 2018 18:06 pm UTC| Commentary Central Banks

The Philippine central bank kept its policy tools on hold today, consistent with market expectations. The Bangko Sentral ng Pilipinas maintained its interest rate corridor at 2.50 percent, 3.00 percent, and 3.50 percent...

Bank of England keeps interest rate on hold

Mar 22, 2018 17:02 pm UTC| Commentary Central Banks

Bank of Englands policy announcement today sounded a more hawkish note, as expected. Even if the Bank Rate was kept on hold at 0.5 percent, the decision was not unanimous, with two external committee members voting in...