South Korea July inflation: A tale of higher food and transport costs

Aug 04, 2015 02:37 am UTC| Commentary

South Korea inflation came in at 0.7% y/y for July (June: 0.7%; May: 0.5%), in line with consensus. Similar to June, food inflation remained the key driver on the back of the severe drought which weighed on agriculture...

China's equity sell-off could spark a chain reaction

Aug 04, 2015 01:21 am UTC| Commentary

The stock market is one of three alarming bubbles in the Chinese economy. A domino effect from the stock market nosedive to the larger credit and property bubbles is unlikely, but not impossible. The government is expected...

US clearing another hurdle: Core inflation stable

Aug 04, 2015 00:29 am UTC| Commentary

Headline PCE rose 0.2% m/m, supported by both core and non-core components. Core PCE was up 0.1% m/m (0.148% unrounded), consistent with moderately firming price pressures. Food prices were up 0.3% m/m after declining for...

BoE interest rate decision: Subtle hints of small hikes?

Aug 03, 2015 23:24 pm UTC| Commentary

The BoE has been serving all its recent talk of rate hikes with a side of gradualism and a 10bp first hike is an easy way for the BoE to effectively implement this message. In Julys Minutes, the BoE appeared to suggest the...

BoE to cut near-term inflation forecasts

Aug 03, 2015 22:49 pm UTC| Commentary

Lower oil prices and higher sterling will likely lead to a cut in the BoEs very near-term inflation forecasts. Assuming oil prices stay where they are, inflation could bobble around 0.1% until October. That probably rules...

UK: Rate hikes are coming, but not likely till next year

Aug 03, 2015 22:20 pm UTC| Commentary

The UK rate hikes are coming, but not likely till next year, this is the bottom line expected from Super Thursday when the Bank of England (BoE) simultaneously publishes its interest-rate decision, the minutes of its...

UK: Rate hikes are coming, but not likely till next year

Aug 03, 2015 22:11 pm UTC| Commentary

That is the bottom line expected from Super Thursday when the Bank of England (BoE) simultaneously publishes its interest-rate decision, the minutes of its policy meeting, and the Quarterly Inflation Report forecasts...