Greece snap elections likely after summer

Jul 28, 2015 05:29 am UTC| Commentary

PM Tsipras has lost his coalition majority in Parliament, and thus has to rely on the support of proreforms opposition parties. Situation may even worsen as further reform bills are presented before Parliament."Opposition...

Greece capital controls likely to stay for a protracted period of time

Jul 28, 2015 05:27 am UTC| Commentary

Since the Euro Summit 13 July agreement, the ECB restarted the provision of additional liquidity via ELA. Given the limited amount of collateral buffer (15bn), capital controls are likely to stay for a protracted period of...

BoK concerns on household debt led to comprehensive policy measures

Jul 28, 2015 05:23 am UTC| Commentary

The BoK requested for policy actions on household debt and policymakers (mainly Financial Services Commission) responses in the form of comprehensive measures suggest that the top priority for economic policy has shifted...

Greece and its creditors to start third bailout negotiations

Jul 28, 2015 05:21 am UTC| Commentary

Greece and its creditors eventually agreed to start negotiations on a third bailout. While a "Grexit" is no longer expected in the near term, the current situation lacks a stable footing and so risks remain elevated over...

US home selling prices probably dipped in May

Jul 28, 2015 05:14 am UTC| Commentary

Before seasonal adjustment, however, US home prices likely jumped by 1.4% during the reference period, placing the latest reading of 179.6, 5.25% above the level recorded in May 2014.US home selling prices in the twenty...

UK economy likely to post 0.6% qoq growth in Q2

Jul 28, 2015 05:04 am UTC| Commentary

UK GDP data is scheduled to release today. The eoconomy is expected to post higher growth rate than previous period.The first estimate of GDP growth is an output measure. The weakness of growth in Q1 of only 0.4% qoq was...

Euro area monetary policy on hold with an easing bias

Jul 28, 2015 05:02 am UTC| Commentary

Since the ECB launched its asset purchase programme in March, the Governing Council has remained cautiously optimistic about its potential effect.Despite a slight tightening since April due to the bond market selloff and a...