Brazil inflation acceleration continues in Q3
Aug 21, 2015 05:30 am UTC| Commentary
While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...
Mexico slower growth path pushes back rate hike expectations
Aug 21, 2015 05:16 am UTC| Commentary
Mexicos economy will face headwinds in the second half of the year. The external environment remains quite problematic, with global growth facing downside risks. The GDP report released this week was positive, but with...

Aug 21, 2015 05:11 am UTC| Commentary
As Israel approaches another rate decision next week, macroeconomic developments are posing challenges to monetary policy. Alarmingly, growth decelerated to just 0.3% q/q (saar) in Q2 from 2.0% in Q1 and 2.7% in 2014. A...
A surge in China's capital outflows
Aug 21, 2015 05:08 am UTC| Commentary
In China, the latest deposit and FX transaction data suggest that capital outflows may have reaccelerated in July. USD onshore deposits dropped USD41.1bn in July, the largest monthly decline since these data were first...
Indonesia's trade data continue to point to soft activity
Aug 21, 2015 05:05 am UTC| Commentary
Indeed, Indonesias trade activity remains depressed. July exports fell 19.2% y/y and imports plunged 28.4%. As a result, the trade surplus surged to USD1.3bn in July. The YTD trade surplus now stands at USD5.7bn, the...

Downside surprise in South Africa core CPI reduces probability for another hike
Aug 21, 2015 04:58 am UTC| Commentary
South Africas July CPI data released this week showed headline CPI inflation rising to 5.0% y/y, 0.3pp higher than the June print. This was in line with consensus expectations. The higher headline CPI inflation took...
Aussie slides on weak China data
Aug 21, 2015 04:26 am UTC| Commentary
The closely-watched Caixin-Market China Manufacturing Purchasing Managers Index (PMI) fell from 47.8 in July to a preliminary 47.1 in August; its lowest in more than six years, and weaker than the forecast reading of...