Economic stimulus programme takes effect in Euro zone
Mar 25, 2015 04:53 am UTC| Commentary
The depreciation of the euro has noticeably improved the price competitiveness of companies producing in the euro zone.This in itself suggests a marked increase of production in the manufacturing sector, which has already...
Diverging perspectives for Euroarea
Mar 25, 2015 04:48 am UTC| Commentary
Nordea Bank notes.. At country level, we expect the German economy to grow by 1½% to 2% in 2015 and 2016. A rising tide lifts all boats, as the saying goes, and so we also expect the French and Italian economies...
Eurozone inflation sees moderate rise over the medium term
Mar 25, 2015 04:40 am UTC| Commentary
The strong decline in oil prices has led Eurozone consumer price inflation into negative territory.Inflation excluding energy prices was at 0.6% y/y most recently and has fallen much less than overall inflation. So while...
Eurozone pick-up in credit cycle likely continued in February
Mar 25, 2015 01:18 am UTC| Commentary
Euro-area credit growth will continue to gain traction, forecastsStandard Chartered Research. M3 money supply likely expanded by 4.2% y/y in February, up from 4.1% prior. Euro-area corporations are still deleveraging;...
Strength of US broad money growth is encouraging
Mar 24, 2015 19:02 pm UTC| Commentary
Total US non-financial business borrowing, including bond issuance as well as loans from banks, increased by around $200bn in the fourth quarter, which was the biggest quarterly gain since 2008.Households are still lagging...
NBH cut policy rate 15bp to 1.95%, more to follow
Mar 24, 2015 18:53 pm UTC| Commentary
The National Bank of Hungary (NBH) cut its policy rate 15bp to 1.95%, marginally less than our forecast and the consensus for a 20bp cut. The NBH Press Release and Governor Matolcskys news conference make it clear that...
Central Bank of Nigeria will raise key interest rate to 15.00% by mid-2015
Mar 24, 2015 18:36 pm UTC| Commentary
The Central Bank of Nigeria (CBN) kept its key interest rate at 13.00% on Tuesday, but will likely tighten monetary policy once Saturdays election is out of the way.The weakness of the naira should gradually stoke...
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