How much should the drop in oil prices boost demand?

May 18, 2015 12:16 pm UTC| Commentary

The rebound in oil prices over the last few months has vindicated the view that oil prices had fallen too far, even if they have bounced back a little more sharply than the anticipated. Stronger demand is expected to help...

Norway likely slowed down in Q1

May 18, 2015 12:14 pm UTC| Commentary

On Wednesday 20 May we will receive mainland GDP figures for Q1, analysts expect the growth at 0.2% q/q below Norges Banks forecast at 0.35% q/q.After an average growth of about 0.5% q/q for some years, the first clear...

RBA board minutes likely to justify the May rate cut

May 18, 2015 11:07 am UTC| Commentary

The RBA board minutes on Tuesday is likely to be dominated by a discussion of the May interest rate cut, with the RBA likely to be concerned about thepace of recovery in non-mining activity, particularly business...

Low inflation expectations to reinforce New Zealand currency weakness

May 18, 2015 11:04 am UTC| Commentary

The NZD has not participated in the recent FX bounce against the USD and may continue to underperform as the RBNZ publishes its Q2 inflation expectations on Tuesday.These data will have a bearing on the June policy...

Q1 GDP data to assess the Norges’ next policy move

May 18, 2015 11:00 am UTC| Commentary

Norways Q1 GDP data (Wednesday) will likely act as a catalyst in determining the Norges Banks next policy move. Lower oil prices are expected to have weighed on activity, with the economy expected to have grown 0.3% q/q in...

Bank Indonesia likely to stand pat

May 18, 2015 10:56 am UTC| Commentary

The BI is likely to keep the policy rate on hold and forecast one rate cut in June after the release of the May CPI print. However, the government has seen pressuring BI to cut rates, given slowing growth, even though BI...

CBT will likely maintain its cautious rhetoric

May 18, 2015 10:54 am UTC| Commentary

The Central Bank of Turkey (CBT) is expected to keep all policy rates unchanged at next weeks MPC meeting. Inflation has accelerated to 7.9% y/y in April, while growth momentum remains weak (April PMI printed below 50,...