Today’s CPI report is the key event for SEK this week
May 11, 2015 20:56 pm UTC| Commentary
Todays CPI report is the key event for SEK this week. Markets are expecting a tick higher in CPIF to 1.0% y/y (from 0.9% y/y) while headline CPI stays at 0.2%y/y.That would reinforce the notion that inflation is bottoming...
BoE left rates unchanged as expected
May 11, 2015 20:31 pm UTC| Commentary
The Bank of England left rates unchanged as expected. The more interesting events this week are still to come. IP data(today), BoE inflation report (Wed), and labour market report (Wed).The inflation report offers more...
Rising oil prices unlikely to stoke inflation in Asia
May 11, 2015 18:45 pm UTC| Commentary
Oil prices jumped to their highest level this year, with Brent prices climbing to $67, up almost 50% from the lows in Dec 2014. The jump has raised concerns that inflation may accelerate in the coming months.Fears that...
China's policy direction supportive of copper demand
May 11, 2015 17:54 pm UTC| Commentary
PBoC cut interest rates again this weekend, apparently in response to weaker-than expected data. All the signs are that the Chinese authorities are committed to using the powerful tools at their disposal to prevent a "hard...
UK monetary policy likely to be tightened only gradually from next year
May 11, 2015 17:28 pm UTC| Commentary
BoE MPC kept interest rates on hold on Monday in what was probably a unanimous vote again. (The MPC meeting concluded on Friday but the decision was made public on Monday.)Although the recent rise in the oil price is...
India consumer price inflation probably remained stable in April
May 11, 2015 16:56 pm UTC| Commentary
After dropping in March for the first time in four months, Indias consumer price inflation (13.00 BST) probably remained stable in April at 5.2% y/y, keeping it below the RBIs 6.0% target for Jan 2016.Meanwhile, it is...
PBoC benchmark interest rates cut is not a sign of panic
May 11, 2015 16:42 pm UTC| Commentary
"Sundays cut to benchmark interest rates by the PBOC is not a sign of panic as some will argue but a rational response to weaker-than-expected data." said Capital EconomicsPolicymakers have room to act more forcefully if...
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