US Treasury yeilds to move higher?

Oct 21, 2015 06:18 am UTC| Commentary Central Banks

More important than the timing of Feds first rate increase is obviously the trajectory of future hikes. For this reason, some rightly argue that the timing of the second hike is actually more important than the first,...

Brazil likely to post higher inflation rate in coming years

Oct 21, 2015 06:16 am UTC| Commentary

The real interest rate in Brazil remains below 5% despite significant tightening as IPCA inflation rose to 9.5% yoy. It is difficult to predict if the current level of real interest rates is sufficient to bring...

PLN uncertainty in near term

Oct 21, 2015 06:07 am UTC| Commentary

The previous three elections have been PLN negative. Most recently the May presidential election was a big surprise compared with pre-election polls and gave rise to a number of uncertainties ahead of Sundays...

BoJ likely to add further stimulus

Oct 21, 2015 06:01 am UTC| Commentary Central Banks

Japanese trade data disappointed and fuel concerns about weakness in the global manufacturing sector. Export growth was the weakest in more than a year increasing 0.6% y/y in September down from 3.1% in August and...

What is the Fed waiting for?

Oct 21, 2015 05:42 am UTC| Commentary Central Banks

Overall, the Fed will conclude that the US economy remains over track once it is confirmed that the recent growth slowdown was largely due to an inventory correction and that the labour market continues to...

ECB's QE2 announcement more likely in December

Oct 21, 2015 05:41 am UTC| Commentary Central Banks

ECB President Mario Draghi manages to force a decision next week, but the bar on an immediate response seems to be high. An expectation of announcement of QE2 is extended from October to December. It is believed that...

Brazil's Q4 FY16 inflation likely at 5.3%

Oct 21, 2015 05:31 am UTC| Commentary

Although the BCB does of course have other tools at its disposal, in terms of the SELIC policy rate, the Banks hands are somewhat tied given the general government nominal balance deficit which stands at close to 10% of...