Brazil likely to post inflation at 7.0-7.2% in Q2

Jul 29, 2015 05:25 am UTC| Commentary

Brazils year on year inflation rate was 8.5% in June. The inflation acceleration has continued throughout this year and average 2015 inflationprojections have been revised. The in-sample forecasts from structural inflation...

No Fed liftoff signals ahead of September

Jul 29, 2015 05:19 am UTC| Commentary

The FOMC has indicated that it is unlikely to signal a rate hike ahead of time, instead opting for the full flexibility of a data-dependent approach.As such, there is little scope for changes in the post-meeting statement....

Brazil, the downward bias of inflation expectations

Jul 29, 2015 05:09 am UTC| Commentary

While Brazil inflation acceleration has continued throughout this year and average 2015 inflation projections have also risen, which are currently heading towards nearly 9.0% as against our forecast of 8.4%, there has been...

CBR's rate cut likely in 31 July meeting

Jul 29, 2015 05:07 am UTC| Commentary

A gradual path of rate cuts from the CBR appears justified following the real sector data last week that suggest tentative signs of bottoming. Barclays notes that oil (Brent) in RUB terms has fallen 8% since the end of...

Drop in US consumer confidence in temporary

Jul 29, 2015 04:34 am UTC| Commentary

US Conference Boards index of consumer confidence fell sharply to 90.9 in July is more than expected, which was recorded 99.8 in June. The consensus was expecting the index to post 100.0. The July drop was driven primarily...

Brazil's fiscal situation increases the risks for the IG rating

Jul 29, 2015 04:09 am UTC| Commentary

Given the commitment of the new economic team in improving the fiscal balance in Brazil, the exit strategy would rely on a higher tax burden, which would hurt growth conditions in the country and lead to markedly low...

Daily Economic Outlook, 29th July, 2015

Jul 29, 2015 04:08 am UTC| Commentary

The outlook of todays FOMC policy meeting will be watched closely by markets. No immediate policy move is expected. However, with recent comments from Fed Chair Yellen seemingly increasing the odds of a September hike,...