RBA rates to remain on hold through both 2015 and 2016?

Jul 07, 2015 05:51 am UTC| Commentary

RBA rates will remain on hold through both 2015 and 2016. However the risks are clearly to the downside and will be dependent upon the Banks confidence in the outlook for the unemployment rate and economic growth.The...

Mexico’s consumer confidence to increase marginally in June

Jul 07, 2015 05:49 am UTC| Commentary

Improvement in Mexicos consumer confidence stalled over the past 2-3 quarters and the index remains nearly 4-5% lower than its cyclical peak of 2012-13 despite some improvement in labour market conditions, and the economy...

Chile's trade balance improving, but trade diminishing

Jul 07, 2015 05:39 am UTC| Commentary

Chiles trade data since March has been bad and the May trade data was particularly disappointing as both exports and imports fell considerably in nominal peso terms even after taking into account the significant pace of...

RBA left the OCR at 2%

Jul 07, 2015 05:32 am UTC| Commentary

As was universally expected, the RBA left the OCR at 2%. The Statement was very similar to Junes. On AUD, the RBA repeated that "Further depreciation seems both likely and necessary, particularly given the significant...

UK manufacturing output to increase

Jul 07, 2015 05:29 am UTC| Commentary

UK manufacturing production data for May is due on 7th July.The CBI and PMI manufacturing surveys have both indicated weakness in April and May after reasonably strong output growth in March."The official data show a fall...

Czech may data from real economy to signal continuing strong expansion

Jul 07, 2015 05:27 am UTC| Commentary

The Czech Republic has seen a strong acceleration in economic activity over the past few months, which has been mainly driven by domestic demand. Indeed, the improving labour market, incrases in wages, fiscal expansion,...

Taiwan’s foreign trade to drop again in June

Jul 07, 2015 05:24 am UTC| Commentary

Taiwans export growth improved to -3.8% yoy in May from -11.7% yoy in April and import growth during the month recovered to -5.4% yoy from -22.1% yoy. However, the implied growth rates of trade mom seem too strong to...