Chile's economy likely grew by 1.8% in 2014

Mar 18, 2015 06:28 am UTC| Commentary

Relatively stronger export growth - on the back of the base effect - pulled up Chiles growth numbers in December and January to respectable levels, albeit still below trend. As a result, the economy likely grew by 1.8% in...

UK budget to deliver a little less austerity and a few giveaways

Mar 18, 2015 06:24 am UTC| Commentary

Societe Generale notes... The PSNBex deficit for 2014-15 fiscal year just ending should be revised down by 2.3bn to 89bn. The following years should be lowered by about 3bn pa unless the Chancellor chooses to use some...

BoE MPC minutes likely more dovish

Mar 18, 2015 06:21 am UTC| Commentary

The key features in the month up to the last BoE MPC meeting were the fall in inflation and the associated continued appreciation of sterling.Looking at the latest speech from Mark Carney, he seems to be placing increasing...

Further large falls seen in UK claimant count

Mar 18, 2015 06:19 am UTC| Commentary

The UK unemployment rate continues to fall apace, now standing at 5.7%. It should stay there in this months release but the claimant count rate is expected to fall from 2.5% to 2.4%.Indeed, the monthly fall in the claimant...

The Day Ahead: Lloyds Bank

Mar 18, 2015 06:08 am UTC| Commentary

Todays key event is expected to be the outcome of the FOMC meeting. The Fed seems set to take the next step towards normalizing monetary policy. Removing the phrase; "it can be patient in beginning to normalize the stance...

Korea's labour market to get boost from improving IP and exports

Mar 18, 2015 06:06 am UTC| Commentary

Koreas seasonally adjusted unemployment rate rose to 3.9% in February (January: 3.4%; December: 3.5%), in line with our forecast (3.7%) but higher than consensus (3.4%).On a seasonally adjusted basis, the rise in...

NZ deficit to reach 5% of GDP by end-2015

Mar 18, 2015 05:59 am UTC| Commentary

New Zealands current account deficit widened to 3.3% of GDP in the year to December 2014, in line with market expectations.The widening of the deficit was largely due to last years fall in dairy prices, compared to the...