Brazil - Current BCB hawkishness underscores intent to reclaim policy credibility
Jun 15, 2015 23:55 pm UTC| Commentary
Few central banks are currently more hawkish than the Banco Central do Brasil (BCB). On 3 June, the BCB hiked its policy rate (SELIC) another 50bps to 13.75%, reaching 275bps of cumulative tightening since October...
US - Both Empire and Industrial Production were weaker than expected
Jun 15, 2015 23:28 pm UTC| Commentary
US economists say the slip in May IP was on the back of energy related components in particular. As an example, consumer goods were down 0.2% but it was nondurable consumer goods doing all the damage, with widespread...
UK – MPC likely unanimous for now, labour market to continue to improve
Jun 15, 2015 22:06 pm UTC| Commentary
The Bank of England Monetary Policy Committee (MPC) view was likely unanimous at its June meeting in terms of keeping the bank rate unchanged. The minutes will likely show divergent outlooks within the MPC regarding how...
Euro area – CPI likely matched the flash at 0.3%
Jun 15, 2015 21:46 pm UTC| Commentary
The final euro-area CPI inflation rate for May, due on 17 June, is expected to match the flash release at 0.3% y/y, up from 0.0% prior. Core CPI likely also matched the flash, up to 0.9% y/y. Although this likely inflation...
Singapore – May NODX growth improvement due to base effects
Jun 15, 2015 21:36 pm UTC| Commentary
Singapore will release May non-oil domestic exports (NODX) data on 17 June. NODX is expected to have grown 5.1% y/y, from 2.2% a month ago, on base effects."We forecast a decline of 1.5% y/y in electronics exports for the...
Jun 15, 2015 20:31 pm UTC| Commentary
Westpac Research notes:US 10yr treasury yields initially fell from 2.37% to 2.31% but rebounded in NY to...
Jun 15, 2015 20:30 pm UTC| Commentary
Westpac Research notes:Australian 10yr government bond (futures) yields initially fell from 2.08% to 2.00% but retraced in...
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