EUR/PLN to trade at 4.25 in three months

Oct 15, 2015 05:24 am UTC| Commentary

The upcoming election will be important for monetary policy as all MPC members will be rotated in the first half of next year. Poland central bank is likely to hike rates four time in 2017, foresees Nordea Bank. The PLN...

Riksbank likely to move in a more hawkish direction next year

Oct 15, 2015 05:23 am UTC| Commentary Central Banks

The Riksbank is keeping the door to further easing wide open, and will continue to do so at least throughout the rest of this year. Riksbank is too optimistic both on inflation and on global developments, which is why...

U.S. consumer prices likely ran out of energy last month

Oct 15, 2015 05:22 am UTC| Commentary

Triggered by a gasoline-led drop in retail energy quotes, the CPI probably edged 0.2% lower in September, following a 0.1% downtick in the prior month (see accompanying table). Pump prices likely tumbled by 8.7% after...

Pending trouble for Brazil's banking sector

Oct 15, 2015 05:15 am UTC| Commentary

Brazils household debt/income ratio was 45.8% in June 2015, and it has risen further since then, as the pace of growth of household income has fallen in conjunction with rising unemployment, while credit growth has...

US consumer prices likely ran out of energy last month

Oct 15, 2015 05:13 am UTC| Commentary Economy

Sans projected movements in US food (0.2%) and energy components, the core CPI probably continued apace, rising by 0.1% (0.148% unrounded) for a third consecutive month. Increased vehicle and shelter costs, along with a...

Further downside likely for Brazil's consumption and growth

Oct 15, 2015 05:07 am UTC| Commentary

Over the past year, Brazils unemployment rate has risen by 2.6pp to 7.6%. The recent pace of deterioration in the labour market was slightly greater than expected despite having accounted for the contraction of the...

Price effects likely caused softness in US September retail sales

Oct 15, 2015 05:04 am UTC| Commentary Economy

US retail sales rose 0.1% m/m in September. However, the details of the report painted a softer picture of nominal consumption spending than expected. The retail control group, our preferred measure of core retail...