ECB monetary policy is weakening the Euro
Aug 17, 2015 07:11 am UTC| Commentary Central Banks
If Greek membership in the euro area is indeed to be irreversible, the Eurozone will need to implement for far-reaching reforms, or be willing to enter into further bail-out negotiations. With the Greek crisis over, the...
Aug 17, 2015 07:09 am UTC| Commentary
Greece is and will irreversibly remain a member of the euro area. With these words, European Commission President Jean-Claude Juncker welcomed the new bailout programme for Greece on Friday. The agreement of the...
Zloty recovers sharply after selling off on Friday
Aug 17, 2015 07:01 am UTC| Commentary
Poland Q2 GDP data released on Friday were weaker than expected, but core inflation relaesed on same day accelerated to 0.4% y/y as expected. Following the GDP data, the zloty sold off hard in anticipation that NBP may...

Chile's growth likely decelerated in Q2 despite improvement in June
Aug 17, 2015 06:34 am UTC| Commentary
Chiles economy grew at the fastest pace in five months in June at 2.7% yoy. Yet, given the earlier growth weakness, we compute that the economy grew at 1.7% yoy in Q2 (as against our old projection of 2.4% in Q2), the...
Politics to dominate Brazil price action
Aug 17, 2015 06:32 am UTC| Commentary
Volatility caused by political turmoil likely to continue to dominate price action in Brazilian assets. Due to so much uncertainty around the political outcome in Brazil, BRL should keep its downward trend, in an...

Mexico retail sales growing at an impressive pace
Aug 17, 2015 06:28 am UTC| Commentary
Despite Mexicos growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year, in part due to the low base effect in H1 2014 and partly due...
Mexico's GDP growth likely slowed in Q2
Aug 17, 2015 06:22 am UTC| Commentary
Mexicos industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 even though activity growth improved to 2.2% yoy in June. While the supply side proxy puts Q2 growth at 2.1%...