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...