Greek political uncertainty likely to persist
Apr 12, 2015 20:31 pm UTC| Commentary
Greek political uncertainty is expected to persist and act as an additional risk factor for the EUR. The cash troubles for Greece are likely to remain in the coming weeks despite last weeks IMF payment and issuance of...
Apr 12, 2015 20:12 pm UTC| Commentary
The European Central Bank is expected to leave policy unchanged and focus on the impact of its QE program after one month of implementation. The ECBs policy meeting (Wednesday) and subsequent press conference will be the...
Poland likely on hold even as deflation continues
Apr 10, 2015 18:24 pm UTC| Commentary
In Poland, the NBP meets next week following its 50bp cut to 1.5% last month. Given its announcement that this is the last and final cut, expect the NBP to remain on hold for the next few meetings.The PLN has appreciated...
RBI continues to display a clear dovish bias
Apr 10, 2015 18:10 pm UTC| Commentary
The Reserve Bank of India (RBI) kept its key policy interest rates unchanged earlier this week, but continues to display a clear dovish bias, as indicated by its comment, that "going forward, the accommodative stance of...
Further qualitative easing from the BOJ likely at the 14-15 July meet
Apr 10, 2015 17:59 pm UTC| Commentary
Japan public investment, a key economic driver under PM Abe, may now be in a long-term downtrend. Capex, a noticeable laggard, should slowly strengthen but could use support.An IOER cut would lower the BoJs "funding for...
Oil price and currency declines benefitting European economy
Apr 10, 2015 17:51 pm UTC| Commentary
Economic data in the euro area continue to provide evidence of accelerating growth supported by strong data on private consumption and retail sales."We estimate that economic activity in the EA expanded by 0.5% q/q in Q1...
UK headline inflation to remain subdued
Apr 10, 2015 16:25 pm UTC| Commentary
Last month saw the UK headline inflation rate fall to a record low of 0.0%y/y, largely driven by falls in petrol and food prices. The peak impact of the cuts to energy tariffs announced so far is set to feed through into...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects