SARB likely to revise bank rate end of this year
Jul 24, 2015 10:04 am UTC| Commentary
SARB expects the South Africas CPI inflation to edge up in near future. Therefore, in order to control the expected inflation the bank wants to increase the interest rate. Governor Kganyago cited the "real interest rate"...
CBT maintains a cautious monetary policy stance
Jul 24, 2015 09:46 am UTC| Commentary
The CBT maintained its cautious monetary policy stance and reiterated that "future monetary policy decisions will be conditional on the improvements in the inflation outlook"."Furthermore, core inflation momentum has...
Turkey inflation to rebound in Q4
Jul 24, 2015 09:40 am UTC| Commentary
In Turkey, CBT kept all its policy rates unchanged in July MPC meeting, in line with our expectation and the overwhelming consensus view. The MPC statement was also a verbatim repeat of the June statement, though the CBT...
Weak currencies of two most important producer countries to weigh on Arabica coffee price
Jul 24, 2015 09:35 am UTC| Commentary
The renewed fall in price of Arabica Coffee was due to the depreciation of the Brazilian real to a twelve-year low against the US dollar. Brazil is the leading producer of Arabica coffee.The currency of Colombia, the...
Euro sinks into losses after weak Euro zone PMI
Jul 24, 2015 09:31 am UTC| Commentary
The shared European currency lost its opening bell drive on Friday and returned to losses after two of the euro zones largest economies disappointed with their PMI readings. The euro was trading down 0.32% at $1.0945...
Further significant outflows from the gold ETFs
Jul 24, 2015 09:29 am UTC| Commentary
Gold ETFs saw renewed outflows yesterday, 6.3 tons were withdrawn this time, putting total outflows since the start of the month at nearly 40 tons. Holdings in the gold ETFs tracked by Bloomberg have dipped below 50...
US labour market data to weigh on Gold
Jul 24, 2015 09:28 am UTC| Commentary
Gold prices in India dropped to a four-year low this morning. So far,Indians have refrained from buying gold.Gold is suffering significant losses once again as the week of trading comes to an end, and has fallen to below...
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