Jul 03, 2015 07:25 am UTC| Commentary
Romania held its policy rate unchanged at 1.75% this week, thus ending its cutting cycle after cutting rates in seven consecutive meetings. The government is implementing tax changes that will bring inflation lower,...
Korea plans to boost ailing exports
Jul 03, 2015 07:08 am UTC| Commentary
South Korean Finance Minister Choi said yesterday that the government will announce a comprehensive exports promotion plan next week. This comes as South Korea looks to strengthen the ailing exports sector which has fallen...
Brazilian real following domestic events
Jul 03, 2015 07:02 am UTC| Commentary
The real outperformed regional LatAm FX appreciating around 1.7% vs. the USD to USD-BRL 3.10 on Thursday. Domestic forces continue dictating the BRL behaviour with this currency actually appreciating almost 1.2% to the USD...
A “yes” is no solution either in Greece Referendum
Jul 03, 2015 06:55 am UTC| Commentary
Just ahead of the weekend attention is increasingly focussing on the imminent referendum in Greece. The result remains uncertain even if it seems that the "yes" side might have caught up a little recently.While the Syriza...
National Bank of Poland to keep bank rate on hold
Jul 03, 2015 06:55 am UTC| Commentary
Polands growth has improved, inflation has increased (though it remains below zero and thus far below the target), and the PLN has depreciated due to Greek-related market concerns."As a result, the next move by the new NBP...
Russia’s Q2 current account balance likely to decline
Jul 03, 2015 06:34 am UTC| Commentary
Russia CPI inflation for June will be released next week. With inflation dropping rapidly, we expect it to decline to 15.4% y/y from a high of 16.9% in March. This will mean that Q2 inflation has been a little over 1%,...
Japan FY15 capex plans revised sharply upward
Jul 03, 2015 06:24 am UTC| Commentary
The most encouraging takeaway from the Japan June BoJ Tankan was the FY15 capex forecasts. Large companies as a whole sharply revised up to 9.3% y/y from -1.2% in March.For a June Tankan survey, this marked the strongest...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects