Turkish manufacturing sector has significant net FX liabilities
Oct 05, 2015 07:10 am UTC| Commentary
The Turkish central bank (CBT) released July data on corporate balance sheets, which showed slight widening of the "open FX position" of non-bank corporates from $174.2bn to $174.8bn by end-July. However, July did not...
CNB discusses negative interest rates
Oct 05, 2015 07:08 am UTC| Commentary
Latest Czech National Banks (CNB) board minutes confirmed what Governor Miroslav Singer had hinted at following the rate decision last month, that the CNB board actively discussed further monetary easing and use of...
EM slowdown likely to hit U.S. economy
Oct 05, 2015 07:06 am UTC| Commentary
The slowdown in emerging market growth is unlikely to leave the U.S. economy unscathed. The preliminary release of August trade data showed a sharp decline in nominal goods exports with the drop spread across...
BCB rate hikes likely in the coming months to support BRL
Oct 05, 2015 06:56 am UTC| Commentary
President Dilma Rousseff finally executed a long awaited cabinet reshuffle on Friday which saw 8 ministries cut and the remaining cabinet rearranged to bolster support within her coalition."The cuts are of course a purely...

Further easing likely from BoK
Oct 05, 2015 06:50 am UTC| Commentary
Koreas August IP and September exports both came in better than expected. However, the underlying trend remains soft. The improvement masks a concerning underlying trend, high excessive inventories.The inventory/shipment...
More fiscal and monetary easing likely from PBoC in Q4
Oct 05, 2015 06:46 am UTC| Commentary
Chinas September official manufacturing PMI beat expectations, edging up to 49.8 from 49.7 in August. The key drivers of the rebound in the headline PMI were improvements in the production and new orders categories."The...
RBI likely to avoid further cuts over the next 3 to 6 months
Oct 05, 2015 06:41 am UTC| Commentary
The RBI continues to emphasize that its future actions will remain data dependent even though the central bank remains explicit about its "accommodative" bias.Given the large, 50bp rate cut this week, which can be seen as...