Any decision to stop ELA to Greek banks would be taken at the highest political level
Apr 15, 2015 15:14 pm UTC| Commentary
There were many questions on Greece. The key message from President Draghi was that Eurosystem support for the Greek banking system through ELA will continue so long as banks are solvent and have adequate collateral.This,...
Draghi confirms QE to continue as defined in Jan until at least Sept 2016
Apr 15, 2015 15:07 pm UTC| Commentary
As expected, the ECB kept its official interest rates unchanged at todays meeting. President Draghi confirmed during the press conference that the asset purchase programme will continue as defined in Jan until at least...
Weak euro could continue to weigh on Philippines remittances growth
Apr 15, 2015 12:04 pm UTC| Commentary
Philippines February remittances recovered at a pace broadly in line with consensus, while the detailed breakdown has not yet been released, it is suspected the continued weakness was driven by ongoing falls in remittances...
Philippines remittance growth likely rebounded; challenges ahead
Apr 15, 2015 07:04 am UTC| Commentary
The Philippines will release February remittance data on 15 April. Remittances from Asia have contracted on a y/y basis for three consecutive months, reflecting consolidating growth momentum in the region. Growth in...
Further support likely from BOK to overcome slowdown caused by Sewol ferry disaster
Apr 15, 2015 07:01 am UTC| Commentary
16 April marks one year since the Sewol ferry disaster in South Korea. In Q1-2014 - prior to the Sewol accident - the Korean economy expanded 3.9% y/y and the outlook was upbeat, with annual growth forecast above...
Czech labor market improves gradually
Apr 15, 2015 06:53 am UTC| Commentary
The Czech unemployment rate fell to 7.2% in March after the 7.5% recorded at the end of February. This trend shouldcontinue in the coming months as well. Thanks to seasonal factors, unemployment will decline quickly in the...
Australian labor market probably fairly firm in March
Apr 15, 2015 06:23 am UTC| Commentary
After surging in Q4, when Australias employment growth averaged 32k which is equivalent to an annualized rate of 3.4%, employment stagnated over the balance of January and February.The labor market is expected to have...
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