Hungarian forint likely to ease against euro by late 2020

May 11, 2020 18:17 pm UTC| Commentary

Since April 2019, the Hungarian forint has fallen sharply after core inflation accelerated steadily. The Hungarian central bank hiked its depo rate initially, and later had to hike this rate again, along with its lending...

Russian economy likely to record negative growth in Q2 and Q3

May 11, 2020 16:05 pm UTC| Commentary

Russia had recorded a weak economic growth of 1.3 percent in 2019. However, the economy was expected to recover in the second half of 2019, while the growth forecasts were upwardly revised for 2020 as the government moved...

Norwegian consumer price index rises marginally in April, core inflation likely to rise on weakening of NOK

May 11, 2020 15:09 pm UTC| Commentary

Norwegian consumer price index rose 0.8 percent on a year-on-year basis in April, a slight rise from Marchs 0.7 percent. Consensus expectations were for the inflation to come in at 0.4 percent, while the Norges Bank had...

Danish inflation comes below expectations in April, likely to move higher in months ahead

May 11, 2020 12:46 pm UTC| Commentary

Denmark recorded 0.0 percent inflation on a year-on-year basis in April. This is the lowest reading since September 2016 and a slowdown from 0.4 percent recorded in March. Nevertheless, as more than 25 percent of the index...

BoE leaves interest rate and QE program unchanged, Cable fades initial bounce, Outlook bearish

May 07, 2020 09:28 am UTC| Commentary Economy

At its scheduled May monetary policy meeting, the Bank of England (BoE) Monetary Policy Committee (MPC) as was widely expected, left interest rates and Asset Purchase program unchanged at 0.10% and 645 billion,...

German industrial production slumps in March, sees sharpest monthly drop ever

May 07, 2020 08:37 am UTC| Commentary Economy

German industrial production data released earlier today followed all other German macro indicators and plunged considerably in March. Industrial production fell by 9.2 percent month-on-month, from 0.3 percent MoM in...

Indonesian headline inflation eases slightly in April, BI likely to cut interest rate by 25 bps in May

May 04, 2020 13:47 pm UTC| Commentary

Indonesias April headline inflation slowed down for the second straight month while being comfortable within the central banks target band of 2 percent 4percent. The easing is because of further easing in food prices and...