Bank of Korea policy rate likely at 1.50% at July MPC meeting

Jul 06, 2015 07:11 am UTC| Commentary

Governor Lee already hinted at the press conference after the June meeting, the BoK is likely to revise down its 2015 GDP forecast from 3.1% to 2.8% in the quarterly macroeconomic assessment. This should be a natural...

Daily Economic Outlook: 6th July, 2015

Jul 06, 2015 06:42 am UTC| Commentary

The Greece saga took another twist yesterday with almost two-thirds of Greek voters overwhelmingly rejecting the latest bailout deal put forward by its creditors. The focus is now expected to shift rapidly to the response...

UK trade deficit to widen in May

Jul 06, 2015 06:38 am UTC| Commentary

UK trade balance data is likely to be released on 10th, July.The deficit on goods and services narrowed sharply from 3093m in March to 1202m in April. This was largely due to a fall in the goods deficit excluding erratics....

Mexico's industrial growth likely weakened further in May

Jul 06, 2015 06:15 am UTC| Commentary

Mexican trade data suggests industrial production likely weakened further in May, growing by just 0.8% yoy - the weakest growth in a year. This, however, still means that industrial output may have expanded in May on a...

UK manufacturing output to eke out small gain

Jul 06, 2015 06:11 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...

Mexico's inflation inching up slowly, but core prices remain weak

Jul 06, 2015 06:03 am UTC| Commentary

Mexicos seasonally volatile food inflation has also moderated and most other categories have seen nearly no significant upward pressure. Looking ahead, any major factor has not been seen disturbing this set-up in the near...

Italian economy starting to accelerate meaningfully

Jul 06, 2015 06:02 am UTC| Commentary

Consistent with the high level reached by Markits factory PMI during the month of May (57.1, the highest since the beginning of 2011).The Italian national statistical institute (Istat) likely to report that industrial...