Data-dependent BoK likely to cut policy rate in June
May 14, 2015 08:47 am UTC| Commentary
The Bank of Korea (BoK) to hold the policy rate at 1.75% at the May MPC meeting. But policymakers cautious stance on further stimulus and the relatively unclearactivity data for March reduced the chances of a cut in...
BCCh to keep rate unchanged at its May meeting
May 14, 2015 06:14 am UTC| Commentary
The BCCh paused in November after having reduced the overnight rate by a total of 200bp to 3.0% since October 2013 and no changes are expected in this stance through this year. The central banks recent statements,...
Brazil retail sales likely grew modestly in March but consumption trending downward
May 14, 2015 06:09 am UTC| Commentary
The monthly retail sales in Brazil are expected to have grown modestly at 1.0% yoy in March following the sharpest fall since 2003 at -3.1% yoy in February. The seasonally adjusted series should show a relatively stronger...
Policy minutes to provide Banxico’s evaluation of the economy
May 14, 2015 06:07 am UTC| Commentary
The Bank of Mexico kept policy rate unchanged at 3.0% at its April Board meeting, as expected. Moreover, the key messages on risks to growth and inflation scenarios remained largely unchanged compared with the previous...
Poland's CPI to have increased in April
May 14, 2015 05:36 am UTC| Commentary
Deflation in April has declined to -1.3% yoy from -1.5% in March in Poland, estimates Societe Generale. Itis likely to be 0.1pp below the market consensus of -1.2% yoy. In monthly terms, prices are likely to have...
Latam - BCCh and BCRP likely to keep rates unchanged
May 13, 2015 23:46 pm UTC| Commentary
The Banco Central de Chile (BCCh) is expected to keep rates at 3.0% on 14 May. The April minutes show that the only policy option discussed was keeping rates on hold, which suggests a united board with a neutral...
Downside risks expected to Hong Kong's Q1 GDP growth
May 13, 2015 22:10 pm UTC| Commentary
Hong Kong will release Q1 real GDP data on 15 May. Headline growth of 2.3% y/y is expected, versus 2.2% in Q4-2014, primarily as a widening merchandise trade surplus offset the continued slowdown in household and mainland...
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