Zombification causes slow growth rate of Chinese economy
Oct 12, 2015 07:34 am UTC| Commentary
Chinas state-owned banks will support its highly indebted companies. China should thus avoid a recession. However, Japan shows that keeping many seemingly dead companies ("zombies") afloat weighs on the long-term growth...
ECB’s Coeuré says too early to discuss more QE
Oct 12, 2015 07:21 am UTC| Commentary
In an interview with CNBC from Lima where IMF meetings took place last week and over the weekend, ECB board member Coeuré said that the global economy was growing modestly, and the euro area was recovering...
Fed communication failing to work
Oct 12, 2015 07:14 am UTC| Commentary
Fed Vice Chairman Stanley Fischer repeated what his FOMC colleagues have been preaching since the September meeting: lift off will take place before the end of the year. So far the market reaction to the U.S. central banks...
PBoC Deputy Governor reiterates CNY meets requirements for SDR inclusion
Oct 12, 2015 07:03 am UTC| Commentary
The PBoC Deputy Governor Yi Gang in an address to the IMF last Friday reiterated that the yuan fulfils the requirements for inclusion in the SDR (Special Drawing Rights). He sketched out the reforms China has implemented...
Czech Republic inflation surprises to upside in September
Oct 12, 2015 07:00 am UTC| Commentary
Czech CPI inflation was marginally stronger for September at 0.4% yoy, but this is within range of monthly noise. The reading was still 0.2pp lower than the central banks forecast for the month. The 0.1pp upward surprise...
Sweden core inflation to rise in September
Oct 12, 2015 06:48 am UTC| Commentary
The SEK are currently crucial for monetary policy too. At the time of the writing, the trade-weighted exchange rate is almost 2 percent stronger than assumed by the Riksbank. If the Riksbank does not act at the monetary...
Turkish Lira to be hit by biggest terror attack this weekend
Oct 12, 2015 06:45 am UTC| Commentary
Turkeys lira is set to undergo major volatility following the biggest terror attack in Turkish history over the weekend, two bomb blasts in the capital Ankara at a peace rally left at least 95 dead and 246 injured.With...