Appreciation of sterling worries the BoE MPC
Mar 18, 2015 12:37 pm UTC| Commentary
The most important news from the minutes is that the MPC has become a bit more worried about the appreciation of sterling.The minutes states that divergent monetary policy trends, as well as stronger prospects for growth...
Mar 18, 2015 10:39 am UTC| Commentary
No surprises from the BoE minutes as all nine MPC members voted to keep policy unchanged.Comments on GBP made a more prominent appearance given the currencys appreciation in February. The Committee acknowledged that...
Germany growth forecasts: Nordea
Mar 18, 2015 09:53 am UTC| Commentary
Nordea Research has released growth forecasts for Germany. It notes... We have raised our growth forecast for Germany quite substantially to 1.7% for this year (from 1.1%). It seems that we had become too pessimistic...
SNB likely on hold for now; but lackluster performance in EUR-CHF adds pressure to act
Mar 18, 2015 09:47 am UTC| Commentary
The SNB is likely to maintain the Libor target rate unchanged in its meeting this Thursday. However, the recent developments on the domestic-price front and EUR-CHF must have been perceived as very unwelcome by the central...
Significant downside risks in Europe from politics
Mar 18, 2015 09:44 am UTC| Commentary
Societe Generale notes the downside risks for Europe as follows: Our baseline scenario assumes Greece will not default, the UK will not hold a referendum on EU membership and that none of the key elections on the...
Populism clouds the European outlook
Mar 18, 2015 09:41 am UTC| Commentary
The euro area is at present enjoying the tailwinds of low oil prices, an accommodative monetary policy and a weaker currency.In addition, there is no longer in aggregate any drag from fiscal policy and a greater share of...
China hard landing risks remain
Mar 18, 2015 09:39 am UTC| Commentary
Several individual economies appear at risk (and notably Russia and Brazil), but the risk that a strong dollartriggers a systemic crisis as modest with a probability of 10%.Societe Generale notes... On China, we have...