NBP MPC signals status quo for its remaining days

Oct 07, 2015 06:52 am UTC| Commentary

Yesterdays MPC meeting saw the policy rate left unchanged at 1.5% as widely expected, but MPC members acknowledge that latest macroeconomic developments had swung towards the dovish -- the council explicitly stated that...

Swedish economy likely to post 3.2% growth in FY 2015

Oct 07, 2015 06:41 am UTC| Commentary

Sweden economy growth rate in Q3 and Q4 is expected to slow somewhat compared to the strong first half of the year. Nevertheless, this still translates to a GDP growth of above 3% for FY 2015.As for components, it is...

ECB expected to cut rate by another 10bp

Oct 07, 2015 06:21 am UTC| Commentary

European inflation expectations according to the 5Y5Y inflation swaps are stuck close to their lowest levels since February, i.e. since before the ECB commenced buying bonds in March.This helps underpin speculation that...

GBP monthly currency outlook (1-3 Month)

Oct 07, 2015 06:21 am UTC| Commentary

The commodity currencies underperformed GBP in Q3, and EUR/GBP is 500pts (7%) higher than the July low. Various explanations have been put forward for GBPs underperformance, including growing concern on the funding of the...

Contagion risks from VW scandal..

Oct 07, 2015 06:05 am UTC| Commentary

Many fear significant and widespread costs to the euro area auto sector from VWs admission of systematic cheating on emissions. While it is not yet possible to determine the full extent of costs due to uncertainty about...

Assessing macroeconomic impact on German and euro area economies

Oct 07, 2015 05:56 am UTC| Commentary

The macroeconomic effects VW scam on Germany and the euro area are less clear-cut and depend very much on how consumers react by switching into other fuel types or into non-German and non-euro area brands.Analysts assume...

UK trade balance narrowing as July export dip partly reversed

Oct 07, 2015 05:50 am UTC| Commentary

UK rising surplus on the services account is more than offset by a larger deficit on the goods account. The question to arise from the recent data is whether the deficit in goods trade has finally stopped widening.In May...