US CPI to post another outsized gain, but this time more broad-based

Jul 13, 2015 04:20 am UTC| Commentary

US Headline inflation has undoubtedly bottomed. After a 0.4% m/m increase reported for May, a similar gain is expected in June. This time, however, the gain is expected to be more broadbased and not just driven by energy....

India inflation to move up

Jul 13, 2015 04:15 am UTC| Commentary

The new series of India CPI data indicates that inflation has bottomed. While the RBIs target of 6% yoy by January 2016 is not yet expected to be breached, there is potential for abuild-up of inflationary pressure. While...

The US economic outlook remains 'highly uncertain'

Jul 13, 2015 03:58 am UTC| Commentary

External risks to the US outlook have risen since mid-June, leading her to emphasize that "the course of the economy and inflation remains highly uncertain." Federal Reserve Chair Janet Yellens own assessment of the...

Athens awaits, Shanghai recuperates

Jul 13, 2015 03:51 am UTC| Commentary

Although Chinese authorities would likely prefer to maintain CNY stability and possibly delay any band-widening intentions to avoid exacerbating negative sentiment and capital outflows, commodity currencies will be most...

Greek banks likely to need fresh capital

Jul 13, 2015 03:47 am UTC| Commentary

With an average fully loaded CET1 ratio of 10.7% as of Q1 15, the reported regulatory capital position appears adequate, although the Q2 15 ratio might have deteriorated further to reflect losses on GGB holdings and PL...

ECB's crucial decision on ELA

Jul 13, 2015 03:47 am UTC| Commentary

The ECBs Governing Council is expected to meet today to decide on ELA support for Greek banks. Following the outcome of the 11-12 July meetings, paving the way for a continuation of the negotiations, the ECB is likely to...

Greece's current liquidity and collateral position very fragile

Jul 13, 2015 03:40 am UTC| Commentary Research & Analysis

Greek banks have filled the funding gap created by the deposit outflows and the closure of repo operations with international banks with the Eurosystems liquidity since the beginning of the year. Greek banks total...