National Bank of Romania to leave monetary policy unchanged

Jul 01, 2015 06:51 am UTC| Commentary

NBR has reduced its benchmark rate by 350bps since Jan-2013 and has now reached a more neutral stance. The central Bank is expected to keep its policy rate on hold at 1.75% at todays meeting, says Commerzbank.According to...

Brazil real bucks the trend again

Jul 01, 2015 06:48 am UTC| Commentary

The real continues to ignore the global backdrop and is following domestic developments that continue to dominate on the positive side.Fiscal results (primary budget balance for May) was slightly better than market...

Thailand's June CPI indicates tentative fall

Jul 01, 2015 06:43 am UTC| Commentary

Thailands inflation picked up to a weaker-than-expected pace, with cuts in the oil fund levy offsetting the pass-through of the recent recovery in oil prices to retail pump prices. Food inflation recovered to 0.5% y/y from...

Thailand BoT to indicate comfort with its policy stance

Jul 01, 2015 06:39 am UTC| Commentary

BoT continues to indicate comfort with its policy stance, but the risk remains for further cuts. One trigger for further easing would be a renewed strengthening in the THB, which continues to draw support from a sharply...

June CPI inflation is likely to stay above Bank Indonesia' expectation

Jul 01, 2015 06:29 am UTC| Commentary

Indonesias inflation rose modestly to 7.26% y/y in June (May: 7.2%; Apr: 6.8%). The inflation rate is below the market expectations (7.4%).On a sequential basis, prices rose 0.54% m/m (May: 0.5%; Apr: 0.36%), largely...

Greece referendum on 5 July

Jul 01, 2015 06:22 am UTC| Commentary

It seems very likely that the Greece referendum will go ahead on Sunday, 5 July.It would remove the apparent paradox that the Greek population supports the Syriza governments negotiation strategy while at the same time...

Brazil's upside risk to inflation, implies risks to peak Selic rate

Jul 01, 2015 06:14 am UTC| Commentary

In Brazil, despite the possibility of the base effect leading to inflation moderation in 2016 (our current forecast is 6.3%), structurally higher prices would be difficult to tame in such a short time span particularly...