Apr 13, 2015 05:46 am UTC| Commentary
Regarding Greece, the ECB will stick to its stance presented in March. Greece will need to continue to resort to ELA financing of its banks (65.6bn in February, expected to increase to 73bn mid-April), until further...
Talks of early ECB tapering seem premature
Apr 13, 2015 05:43 am UTC| Commentary
It took several months for President Draghi to convince the Governing Council to implement QE. The cost of entry into this unchartered territory has clearly been big. The cost of QE exit is probably high too.As the Feds...
Euro area industrial production likely registered modest growth
Apr 13, 2015 05:39 am UTC| Commentary
The data already released for Germany showed that German IP rose 0.6% in February while IP was flat in France. The euro-area manufacturing PMI recovered from the 16-month low it reached in November and was 52.2 in March,...
UK CPI likely negative in March
Apr 13, 2015 05:36 am UTC| Commentary
The UK CPI inflation data for March is due on Tuesday and is expected to show negative reading.The large divergence in headline and core CPI shows the impact that lower energy prices have had on headline inflation. This...
Bank Indonesia to keep rates on hold
Apr 13, 2015 05:32 am UTC| Commentary
Bank Indonesia (BI) will hold its policy meeting on 14 April and is expected to keep rates on hold.Although BI has room to cut its official rate further - as inflation is likely to remain benign and the current account...
Final euro area March HICP inflation to confirm flash reading
Apr 13, 2015 01:57 am UTC| Commentary
The flash estimate of HICP inflation was in line with expectations in March and quickened to -0.1% yoy from -0.3% yoy in February. Core inflation came in at 0.6% yoy, down from 0.7% yoy in February.The energy component...
Final March Italian HICP inflation to confirm flash estimates
Apr 13, 2015 01:50 am UTC| Commentary
Flash March Italian HICP inflation fell by -0.1% yoy after its reading of 0.1% in February. Even though the energy component rose from -8.4% yoy to -6.5% yoy, adding 19bp to the headline numbers, and food prices added a...
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