Riksbank to pin its hopes on Krona

Aug 07, 2015 03:50 am UTC| Commentary

On the domestic front, it has become increasingly clear that the main objective during the upcoming pay talks will be to safeguard Swedish competitiveness. Accordingly, the outcome of the pay talks for the coming years is...

Sweden Riksbank’s dilemma

Aug 07, 2015 03:48 am UTC| Commentary

The CPIF inflation reading is expected to come in at 0.6% y/y in July by Nordea bank, which is 0.1% point lower than the Riksbanks forecast. The Riksbank expects very low energy prices over the coming months. The reason...

Decline in energy prices to effect Sweden July infation

Aug 07, 2015 03:40 am UTC| Commentary

Also energy prices have moved lower since the Riksbanks monetary policy meeting in July. World market oil prices have declined markedly, while the drop in fuel prices in Sweden has been considerably less pronounced."In...

Sweden July CPI, yet another too low reading

Aug 07, 2015 03:34 am UTC| Commentary

In its July report the Riksbank revised down markedly both its wage and inflation forecasts. For instance its forecasts for CPIF inflation excluding energy were lowered for the entire forecast horizon. Despite the downward...

UK IP surprises to the downside but overall positive signal

Aug 07, 2015 03:25 am UTC| Commentary

In terms of UKs main industrial groups, production was dragged lower by a sharp downward turn in energy products (-3.2% m/m, -0.8pp contribution) and nondurables (-3.3% m/m, -0.7pp contribution).Both registered their...

Turkey: Ratings outlook adds to political uncertainty

Aug 07, 2015 02:12 am UTC| Commentary

Snap election risk is now substantial as escalating internal and external security risks have inflamed political rhetoric and already tense coalition talks between AKP and CHP. The increase in snap election risk is largely...

Bank of Thailand: Cautious bias may give way to further easing

Aug 07, 2015 01:49 am UTC| Commentary

The Bank of Thailand left rates unchanged this week. While the decision was unanimous, the bank remains cautious on growth. Poor weather and weak external demand are bearing down on activity, which has been supported by...