Higher inflation likely to keep BI on hold this year
Jun 18, 2015 12:14 pm UTC| Commentary
The Bank Indonesia kept its policy rate on hold at 7.50% at its June meeting which was in line with consensus. The lending facility and deposit facility rates remained unchanged at 8.00% and 5.50%, respectively.BI...
SNB keeps policy rates at -0.75%
Jun 18, 2015 12:03 pm UTC| Commentary
SNB kept all rates unchanged at its meeting today, as widely expected. Both the Libor target midpoint and the sight deposit rate were kept at -0.75%.EUR/CHF little changed on the decision, reflecting broadly unchanged...
Jun 18, 2015 11:41 am UTC| Commentary
In stark contrast to Germany, the US agricultural sector is battling with heavy rainfall. Although wind speeds fall quickly once a storm has made landfall and now total only between 40 km/h and 60 km/h, the tropical storm...
DRV expects drought-related crop losses for wheat and rapeseed in Germany
Jun 18, 2015 11:33 am UTC| Commentary
The latest forecasts of the German Farmers Cooperative (DRV) confirm the negative impact that the ongoing dry conditions in most parts of Germany are having on the wheat and rapeseed crops.The wheat crop could decrease by...
Rise in euro money market rate expectations difficult to square
Jun 18, 2015 11:30 am UTC| Commentary
Since a rout took hold in eurozone bond markets, expectations of future money market rates have also moved higher, albeit of course in a much less dramatic fashion. Nevertheless, steepening of money market curves is...
Weak US dollar prompts gold to rise to almost $1,200 per troy ounce
Jun 18, 2015 11:17 am UTC| Commentary
Gold rates rose overnight to nearly $1,200 per troy ounce due to weak US dollar. In euro terms, the yellow precious metal is failing to profit because of the depreciating US currency and actually fell for a time to a good...
US's long-awaited acceleration of wages
Jun 18, 2015 10:53 am UTC| Commentary
The labour market is the key to the US economy. Full employment is not only one of the statutory objectives of US monetary policy (along with price stability), its statistical base provides insights into the tendencies for...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects