China’s monetary policy easing should lower financing costs

May 11, 2015 22:02 pm UTC| Commentary

The broad-based 25bps interest-rate cut announced on 10 May signals that the Peoples Bank of China (PBoC) is maintaining a prudent monetary policy stance with an easing bias to stabilise growth.The rate cut should help...

China’s April growth indices were likely weak

May 11, 2015 21:44 pm UTC| Commentary

The market keenly awaits Chinas April growth indicators (due 13 May) and monetary indicators (due 12-15 May).IP growth is expected to have improved to 6.0% y/y in April from 5.6% in March, but weak new orders likely kept...

Ghana's monetary policy committee likely to hold prime rate at 21%

May 11, 2015 21:26 pm UTC| Commentary

The Bank of Ghana (BoG) is expected to hold its prime rate steady at 21% when it announces its interest-rate decision on Wednesday.Although recent Ghanian cedi (GHS) depreciation will likely add to inflationary pressure,...

Euro area GDP expected to have been buoyant in Q1

May 11, 2015 21:17 pm UTC| Commentary

The euro area likely registered its fastest GDP growth since 2011 in Q1-2015; 0.5% q/q is expected. The recovery was likely broad-based, with consumption and net trade likely contributing the most to growth.That said,...

Japan's current account surplus likely reached a record high in March

May 11, 2015 21:07 pm UTC| Commentary

Japan will release March current account (C/A) data on 13 May. A current account surplus of JPY 1.96tn is expected, the highest since October 2010.The current account surplus tends to be high in March owing to seasonal...

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...