Poland's future monetary policy depends on fiscal decisions
Jul 09, 2015 04:29 am UTC| Commentary Economy Central Banks
Polands current monetary policy has no risks of change in near term.The PLN might be impacted by the potential risk connected to Grexit. However, the central bank and Ministry of Finance would likely intervene on the FX...
India: Assembling the building blocks
Jul 08, 2015 23:04 pm UTC| Commentary Economy
Increasing fiscal revenue is supporting the governments medium term agenda of raising infrastructure investment. The focus is likely to be on urbanisation, clearing supply bottlenecks through better logistics, stronger...
FOMC sees progress toward liftoff but notes Greece
Jul 08, 2015 21:07 pm UTC| Commentary Economy
The June FOMC minutes revealed a number of reasons to be cautious among Fed officials - including uncertainty about Greece - yet the broad conclusion among the voters was that the economy was continuing to approach the...
Poland keeps rate comfortably on hold
Jul 08, 2015 18:16 pm UTC| Economy Central Banks
The National Bank of Poland (NBP) kept its policy rate on hold at 1.5% as expected. The MPC has collectively and individually assured that no rate change is likely at least until mid-2016, and the next move is more likely...
Jul 08, 2015 17:50 pm UTC| Economy Commentary
Todays Summer Budget was more about fulfilling election pledges than economics. As expected, the government announced major cuts in welfare spending but it still has to find additional savings in the autumn spending round...
Brazil IPCA on its way to the peak
Jul 08, 2015 16:25 pm UTC| Economy
Brazils June inflation increased at 0.79% m/m, and compatible with an annual print of 8.89% y/y. Year-to-date, inflation has accumulated 6.2%. During June, the largest pressure came from the personal expenditures group,...
Sweden June CPI, cooling prices
Jul 08, 2015 07:18 am UTC| Economy Commentary
Sweden CPIF inflation might once again drop below 1%. Normally the summer sale of clothing and footwear begins in June. This year the spring was unusually cold, and clothing and footwear sales appear to have been...