U.S. producer price inflation rises above expectations in January

Feb 19, 2020 18:58 pm UTC| Commentary

U.S. producer prices came in above expectations in January, with final demand PPI rising 0.5 percent sequentially and 2.1 percent year-on-year. Excluding food, energy, and trade, PPI rose 0.4 percent sequentially and 1.5...

U.S. housing starts fall in January, housing activity likely to rebound significantly

Feb 19, 2020 18:28 pm UTC| Commentary

U.S. housing starts dropped in the month of January, reversing some of the firm print recorded in the prior month. On a month-on-month basis, housing starts fell 3.6 percent. The softness was mainly seen in the...

Central Bank of Turkey cuts key interest rate by 50 bps to 10.75 pct

Feb 19, 2020 17:44 pm UTC| Commentary Central Banks

The Central Bank of Turkey cut its benchmark interest rate again today by 50 basis points to 10.75 percent. It argued that lower interest rates are in line with projected disinflation. However, inflation accelerated again...

Canadian headline inflation accelerates above expectations in January

Feb 19, 2020 16:32 pm UTC| Commentary

The Canadian headline inflation accelerated a bit above expectations in January. On a year-on-year basis, the consumer price inflation came in at 2.4 percent, as compared with the expectations of 2.3 percent. On a...

Swedish inflation slows down in January

Feb 19, 2020 14:07 pm UTC| Commentary

The Swedish CPIF inflation eased in January, coming in below expectations. On a year-on-year basis, CPI inflation came in at 1.2 percent, a deceleration from 1.7 percent in December. Consensus expectations were for...

U.K. headline inflation accelerates above expectations in January

Feb 19, 2020 13:33 pm UTC| Commentary

The U.K. headline inflation recovered sharply in January. The consumer price inflation accelerated sharply to 1.8 percent year-on-year, a six-month high, from Decembers 1.3 percent. This is above market expectations of a...

Blockchain Revolution Series

Citi Jumps On The Bandwagon Of Blockchain For Trade Finance Business

Feb 19, 2020 09:15 am UTC| Research & Analysis Digital Currency Commentary

Many global banking giants have been on top of blockchain technology in the recent past and already begun deploying the new technology for some of their core banking businesses, just like trade finance, custody services,...