EUR/CZK likely to appreciate gradually in quarters ahead, to hit 26 by end-2017

Jun 14, 2017 22:54 pm UTC| Commentary

The EUR/CZK pair has appreciated just slightly since the CNB terminated the FX cap in April. This is because of the overbought status of the koruna. But the CNBs hawkish comments and the upbeat GDP and foreign trade...

CNB to hike countercyclical capital buffer rate to 1 pct from July 2018

Jun 14, 2017 22:46 pm UTC| Commentary Central Banks

On Wednesday, the Czech National Bank announced that it would hike the countercyclical capital buffer rate from 0.5 percent to 1 percent with effect from 1 July 2018. The central bank stated continued rapid credit growth...

Chinese credit continues to grow steadily, investment growth continued to weaken slightly

Jun 14, 2017 22:31 pm UTC| Commentary Economy

Chinas monetary growth indicates just a moderate deceleration although the authorities have tightened liquidity conditions and market interest rates have continued on a rising trend. Therefore, credit stock continues to...

U.S. Fed hikes rates by 25 bps, to start normalization of balance sheet later in 2017

Jun 14, 2017 22:22 pm UTC| Commentary Central Banks

The Federal Open Market Committee hiked the target range for the federal funds rate by 25 basis points to between 1 and 1-1/4 percent. The Committee also expects to start normalization of the balance sheet later in 2017,...

Swedish inflation expectations continue to rise

Jun 14, 2017 21:24 pm UTC| Commentary

Swedens long-term inflation expectations continue to be anchored at the 2 percent-target, showed Prosperas quarterly survey. This is a short-term relief for the Swedens central bank while challenges remain in the longer...

U.S. business inventories fall in April, may rebound in May and June

Jun 14, 2017 19:00 pm UTC| Commentary

U.S. business inventories dropped in April after rising in March. Business inventories dropped 0.2 percent after growing 0.2 percent in the prior month. This marks the end of five consecutive months of modest rises....

U.S. headline inflation disappoints in May, uncertain if Fed will hike in December

Jun 14, 2017 16:52 pm UTC| Commentary

The U.S. headline consumer price inflation fell on a sequential basis in May. The consumer price index dropped 0.1 percent month-on-month. The 2.7 percent fall in energy prices mainly drove the drop in consumer price...