Central Banking Series

ECB's Villeroy calls for continuance of accommodative monetary policy

Mar 22, 2017 16:39 pm UTC| Commentary Economy Central Banks

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau speaking at a business conference in Frankfurt said that the ECB should continue pursuing accommodative monetary policies, even as inflation...

Chile's economy grows at 1.6 percent in 2016, weakest since 2009 recession

Mar 22, 2017 15:37 pm UTC| Commentary Economy

The Chilean economy posted a growth of just 1.6 percent during 2016, the weakest economic performance since the recession of 2009 when the economy dropped 1.0 percent. Real exports of goods and services and gross fixed...

South Africa's inflation slows to 6.3 pct y/y in Feb, in line with expectations

Mar 22, 2017 14:50 pm UTC| Commentary

Data from Statistics South Africa showed on Wednesday that the nations headline consumer inflation slowed to 6.3 percent year-on-year in February from 6.6 percent in the previous month, matching consensus estimate in a...

U.S. current account deficit narrows unexpectedly in Q4 2016, hits lowest level in over a year

Mar 22, 2017 14:02 pm UTC| Commentary

U.S. current account deficit unexpectedly narrowed in Q4 2016, data from the Commerce Department showed on Tuesday. U.S. current account deficit fell 3.1 percent to $112.4 billion in the fourth quarter, down to the lowest...

Dairy prices unexpectedly rise at the latest GloblDairyTrade auction despite increase in supply

Mar 22, 2017 13:56 pm UTC| Commentary Economy

Dairy prices stabilised in Tuesdays GloblDairyTrade auction, rising slightly after two consecutive drops. Whole milk powder prices rose 2.9 per cent to US$2,855 a tonne. Analysts had been expecting a decline based on...

API reports surplus while the market awaits EIA report

Mar 22, 2017 13:19 pm UTC| Commentary

WTI has been struggling since its decline more than 9 percent two weeks ago. $50 resistance area is proving to be too much for the WTI as of now. We expect the oil price to form a base around $46 area. Key factors at...

Commodities snapshot (precious & industrial)

Mar 22, 2017 13:02 pm UTC| Commentary

The metal pack is mixed today. Performance this week at a glance in chart table - Gold: Gold has broken the resistance around $1230 area and is racing higher on aweaker dollar and risk aversion in the stock...