India's monsoon-related risks dominate concerns around inflation
Jul 03, 2015 03:47 am UTC| Commentary
The Reserve Bank of India (RBI) in its recent statement noted that monsoon-related risks dominate its concerns around inflation, although the governor recently noted that the progress of the monsoon this year has been...
FOMC: Looking for guidance amid headwinds
Jul 03, 2015 03:45 am UTC| Commentary
In our view, the FOMC will need firm leadership within the committee and clear communication with the public over the next several months as it weighs improving data against mounting headwinds of uncertainty created by the...
China struggles to support equities and growth
Jul 03, 2015 03:41 am UTC| Commentary
In parallel to the political drama in Greece, Chinas authorities took decisive easing measures last weekend, including benchmark rate cuts, RRR cuts and a relaxation of marginregulations. This was a direct response to...
Inflation bottomed in EA,but likely to remain subdued
Jul 03, 2015 03:35 am UTC| Commentary
Despite encouraging signs that the rebound in tradable goods prices has momentum, we believe services inflation has yet to turn the corner: after an uptick in May, services inflation was back to 1% in June, its lowest...
Jul 03, 2015 03:33 am UTC| Commentary
Greek PM Tsipras surprised everyone by calling a referendum on 5 July to ask Greeks whether or not they accept the latest proposals presented by the institutions. The Greek government and its ruling coalition is supporting...
India monsoon tracker: Mean reversion in place
Jul 03, 2015 02:29 am UTC| Commentary
The south-west monsoon rains are reverting back to normal territory. After a significant improvement in late June, rainfall conditions are normalising. Cumulative rainfall between 1 June and 2 July stood at 10% above...
RBNZ expected to cut the OCR to 2.5% by October 2015
Jul 03, 2015 00:17 am UTC| Commentary
Westpac Research notes:Before today we were forecasting 25bp OCR reductions in July and September. On top of the June cut that has already occurred, our forecast implied a total of three OCR cuts in 2015, and a terminal...
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