BoK likely to deliver another 25bp rate cut in Q1 16

Dec 16, 2015 04:09 am UTC| Commentary Central Banks

Marked by slow inventory clearance and production lacking in slow external demand, the underlying trend remains steady. Domestic demand and services were stabilized post MERS outbreak, the still weak exports and private...

Korea's 2016 job growth likely to be impacted by weak exports and consumption payback

Dec 16, 2015 04:01 am UTC| Commentary

Koreas unemployment rate in November was unchanged at 3.4% s.a. This reflects the diverging paths of economy, with the services remaining resilient and challenging outlook for some sectors. The private sectors hiring...

New Zealand's current account deficit likely to widen over next year

Dec 16, 2015 03:49 am UTC| Commentary

New Zealands current account deficit reduced modestly in September to 3.3% of the GDP in the year. The results were consistent with consensus expectations. The deficit remained unchanged in last year, even if there was...

Spanish housing market is beginning to recover

Dec 16, 2015 02:45 am UTC| Commentary

The housing sector continues to recover gradually. The INE housing price index rose 4.0% q/q in Q2 15, helped by a strong rebound in prices of existing homes, while housing prices increased across all regions. Registered...

New Zealand’s Q3 current account deficit narrows to 3.3% of GDP

Dec 16, 2015 02:30 am UTC| Commentary Economy

New Zealands current account deficit narrowed slightly to 3.3% of GDP in the year to September. The result was in line with the market expectations, after accounting for some positive revisions to the June quarter figures...

Spain's fiscal policy progress but more consolidation needed

Dec 16, 2015 02:11 am UTC| Commentary Economy

While the pace of fiscal consolidation over the past six years has been one of the most rapid on record, fiscal consolidation in Spain has eased since 2014, similar to other euro area countries. In 2015, the change in the...

Dairy prices up a little at latest GlobalDairyTrade auction

Dec 16, 2015 02:04 am UTC| Commentary

Dairy prices rose 1.9% in last nights GlobalDairyTrade auction. Within this headline result there was a 1.8% lift in whole milk powder prices. Although firmer, the increase in prices was smaller than had been signalled by...