Bank of Canada may stay put at its April meeting

Apr 14, 2015 23:51 pm UTC| Commentary

The Bank of Canada releases its policy decision at 10:00 ET on Wednesday, alongside its quarterly monetary policy report."We think the overnight lending rate will be kept at 0.75%, as all analysts polled by Bloomberg also...

Philippines remittance growth likely rebounded

Apr 14, 2015 23:30 pm UTC| Commentary

The Philippines will release February remittance data on 15 April. The growth in overseas workers remittances is expected to have rebounded to 4.5% y/y from 0.5% in January due to fewer holidays in February than...

Australian March unemployment rate to remain unchanged

Apr 14, 2015 23:20 pm UTC| Commentary

Australia will release March labour-market data on 16 April. A moderate job creation of 15,500 jobs is expected, following 15,600 created in February.The unemployment and participation rates likely remained unchanged at...

South Korea's Sewol ferry disaster, one year on

Apr 14, 2015 22:32 pm UTC| Commentary

16 April marks one year since the Sewol ferry disaster in South Korea. In Q1-2014 - prior to the Sewol accident - the Korean economy expanded 3.9% y/y and the outlook was upbeat, with annual growth forecast above...

BoC policy rate to be left unchanged

Apr 14, 2015 22:13 pm UTC| Commentary

Tonight we get the BoC policy decision and MPR. The policy rate should be left unchanged at 0.75%, as widelyexpected (14/14 economists as per Bloomberg, and only ~2bps priced in), which should leave the focus on forecasts...

UK CPI came in as expected

Apr 14, 2015 21:48 pm UTC| Commentary

UK CPI came in as expected at 0.0% y/y. Slightly higher average petrol prices in March were offset by lower utility bills from gas price cuts. RPI was a touch softer at 0.9% y/y (cons: 1.0%).UK Economist notes that todays...

US March retail sales weaker than expected

Apr 14, 2015 21:39 pm UTC| Commentary

March retail sales were weaker than expected with the headline figure printing 0.9% m/m (est. 1.1%) and the control group at 0.3% m/m (est. 0.5%) with a downward revision to the prior month (to -0.2% from 0.0%).It was...