Russia's rate cuts continue at more moderate pace
Jun 16, 2015 09:14 am UTC| Commentary
The CBR cut its key rate by 100bp to 11.5%. The CBR again cited falling inflation together with the cooling economy as justification for lowering the rate. The CBR expects contraction in consumer demand and the recent RUB...
Poland's CPI remains in deep deflation
Jun 16, 2015 09:05 am UTC| Commentary
Poland inflation in May remained deep in deflation. It was down -0.9% y/y, slightly higher than last months -1.1% y/y.The key reason was an unexpected, modest monthly decline in food inflation, instead of an increase that...
ECB ready to react to unwarranted tightening, but is cautious on Greece
Jun 16, 2015 08:52 am UTC| Commentary
Draghi, president of ECB, states, "measurable trend reversal in prices and a surge in volatility". He noted that a period of high volatility has often been observed after other episodes of QE in other jurisdictions, and...
Switzerland deeper in recession than expected
Jun 16, 2015 08:00 am UTC| Commentary
The effect of a stronger franc is more likely to become visible in the market. And these prices illustrate that the deflationary momentum continues.The price index is now an impressive 6% below last years level, with a...
BoJ governor caused USD-JPY to fall
Jun 16, 2015 07:47 am UTC| Commentary
Last Wednesday governor of BoJ had caused USD-JPY to plummet when he mentioned that the real yen (i.e. the level adjusted by price differences) was already very weak - implying that it did not have to depreciate any...
Spanish government bonds: vulnerable in short term, attractive in longer term
Jun 16, 2015 07:35 am UTC| Commentary
The upcoming Catalonian and Spanish general elections still constitute a risk for Spanish government bonds as far as investors are concerned. However, the risk is probably not as severe as feared just a couple of months...
India export growth remains negative in May
Jun 16, 2015 07:25 am UTC| Commentary
Indias goods trade deficit came in at USD10.4bn for May. The performances of both exports and imports remained in negative territory, with exports falling by 20.2% y/y while imports were down by 16.5% y/y. A large part of...
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