The Czech National Bank has left rates unchanged,but the board has started to cast a shadow
Nov 05, 2015 18:28 pm UTC| Commentary Central Banks
The CNB has left rates unchanged, and the FX floor remains at EUR/CZK27. The statement no longer included the sentence that the exit would not occur before H2 16. However, Governor Singer said that the floor would probably...
Nov 05, 2015 16:49 pm UTC| Commentary Central Banks
The Monetary Policy Committee voted 8-1 to maintain interest rates unchanged at todays meeting. MPC member Ian McCafferty again voted for a 25bp rate increase. The consensus and forecast estimate was a 8-1 vote on rates....
Russia’s Inflation stable before the fall
Nov 05, 2015 16:37 pm UTC| Commentary
Russia inflation declined modestly in October to 15.6% y/y from 15.7% in September. This was in line with expectations. We predict that the annual rate of inflation is about to enter a five-month period during which it...
Strong GBP still a concern for BoE – buys time before the crucial meeting in December
Nov 05, 2015 16:26 pm UTC| Commentary Central Banks
As expected, the Monetary Policy Committee (MPC) kept the Bank Rate and stocks of purchased assets unchanged at 0.50% and GBP375bn, respectively. The vote was once again 8-1, as Ian McCafferty still voted in favour of...
US jobless claims hover near lows in late October
Nov 05, 2015 16:01 pm UTC| Commentary
US jobless claims jumped to 276k in the week ending October 31 (previous: 260k), modestly above forecast (260k) and consensus (262k) expectations. The 4-week aggregate printed higher, at 263k (previous: 259k), but...
Sugar price records strongest daily fall in 20 months
Nov 05, 2015 13:07 pm UTC| Commentary
The price of raw sugar traded in New York dropped more than 5% yesterday and closed at 14.64 US cents per pound. This was also its biggest daily loss in 20 months. The sharp downswing was sparked by automatic sell orders...
Nov 05, 2015 12:37 pm UTC| Commentary
This pretty much sums up the way the oil market has been performing for the past two months, the oil price yesterday again shedding all of its considerable gains of the day before. The US inventory data can hardly be...
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