Monetary Policy decision: Rouble sets the tone for CBR

Nov 04, 2015 00:45 am UTC| Commentary Central Banks

It was a very close call, but the Central Bank of Russia opted to leave its key interest rate unchanged at 11.00% in October following an accumulative 600bps of cuts since the beginning of the year. The main reason behind...

Netherlands exports benefit from cheap euro

Nov 04, 2015 00:24 am UTC| Commentary

The export volume of goods remained stagnant in August compared to July (seasonally adjusted). If the volume of exports remains constant in September, exports will show a 1% q-o-q increase in 15Q3. This is more or less in...

Netherlands consumer confidence improves further

Nov 03, 2015 23:55 pm UTC| Commentary

Netherlands household consumption grew by 0.7% m-o-m in August, after a 0.4% decline in July. If household consumption remains constant in September, quarterly growth in 15Q3 will amount to 0.5%. The positive outlook for...

Australia's low inflation weighing on nominal but boosting real retail sales

Nov 03, 2015 23:41 pm UTC| Commentary

Australias nominal retail sales are expected to continue to expand at a slightly below-average rate of 0.4% mom in September, supported by solid employment growth of 2% and nominal wage growth around 2¼%. Retail...

UK unemployment decreased again

Nov 03, 2015 23:26 pm UTC| Commentary

Several signs point to slightly weaker labour market developments, although the overall tone remains relatively robust. In July, the unemployment rate declined by 0.1%-point for a second consecutive month and is now...

Bank of England outlook

Nov 03, 2015 23:18 pm UTC| Commentary Central Banks

The money market is not fully priced for a BoE rate hike until early 2017. The latest Reuters survey of economists, however, has a consensus of Q2 2016 for the first move, ahead of the forecast of August 2016. The most...

Australia's strong imports keeping trade deficit elevated, but net exports recovering

Nov 03, 2015 22:59 pm UTC| Commentary

From the ABS advanced estimate we already know that goods imports were strong in September (1.4% mom), and this will decisively limit any decline in the trade deficit. Overall imports, i.e. of goods and services, are...