Bank of Korea turns cautious

Sep 13, 2015 06:56 am UTC| Commentary Central Banks

The Bank of Korea held the policy rate at 1.5% in September, as expected. The decision was unanimous, an indication that the MPC members may be inclined to adopt a wait-and-see attitude ahead of the Feds FOMC decision on...

Wider output gap set to curb FX pressures in Latin America

Sep 12, 2015 09:42 am UTC| Commentary Economy

LatAm inflation is marked by divergent trends at present: upward in the small, open economies and downward in the larger countries with disappointing growth. In Brazil and Mexico, upward inflation pressures from weaker...

Mixed data and wary BoE

Sep 12, 2015 09:29 am UTC| Commentary Central Banks

UK industrial production fell for the second consecutive month (-0.4% m/m, 0.8% y/y in July after -0.4% m/m, 1.5% y/y in June), while manufacturing registered a significant downward surprise (-0.8% m/m, -0.5% y/y in July...

Recovery in Euro area on track despite China

Sep 12, 2015 09:18 am UTC| Commentary

The final estimate of euro area Q2 15 GDP was revised up slightly to 0.4% q/q (1.4% q/q saar from 1.3% q/q saar in the flash reading) on the back of upward revisions to Italian and Greek Q2 growth. Euro area Q1 15 GDP was...

US federal government posts budget deficit of $64.4bn in August

Sep 12, 2015 09:06 am UTC| Commentary Economy

The US federal government reported a monthly deficit of $64.4bn in August, modestly wider than CBO projections ($62bn) and $64bn narrower than in August 2014. A large portion of this decline, however, was due to the time...

Russia's CBR rate decision: cautiously dovish

Sep 11, 2015 17:27 pm UTC| Commentary Central Banks

Russias central bank kept its key rate unchanged today (11 September) at 11.0% as we and consensus expected. The main reasons given by the central bank to hold rates were higher inflation risks amid persistent risks of...

Fed's decision on a knife edge

Sep 11, 2015 16:53 pm UTC| Commentary Central Banks

The outcome of Thursdays US monetary policy meeting looks to be on a knife edge, with strong arguments for both raising interest rates and leaving them unchanged. If the Fed does move it would be a momentous decision,...