Eurozone inflation outlook improves in ECB survey, adds to the central bank's dilemma

May 10, 2017 11:59 am UTC| Insights & Views Economy Central Banks

The recently released European Central Bank (ECB) Survey of Professional Forecasters for the second quarter of 2017 shows that inflation in the eurozone will pick up in future but remain driven by volatile food and energy...

USD/CAD likely to reach 1.40 level by mid this year before moderate gains in greenback, says Scotiabank

May 10, 2017 10:13 am UTC| Commentary Economy

The CAD performed relatively well in the early stages of 2017, so well, in fact, that the Bank of Canada (BoC) Governor Poloz was forced to remind investors that broader CAD strength would hurt Canadian exporters which...

Central Banking Series

ECB’s first deposit rate hike seen in the first half of 2019, says Nordea Markets

May 10, 2017 09:41 am UTC| Commentary Central Banks Economy

The European Central Bank (ECB) is expected to adopt its first deposit rate hike in the first half of 2019, followed by a very gradual rate normalization of all policy rates. The background picture for the ECB is an...

UK gilts gain ahead of BoE’s monetary policy meeting, March manufacturing production

May 10, 2017 09:00 am UTC| Commentary Economy

The UK gilts gained as investors wait to watch the Bank of Englands (BoE) monetary policy meeting, scheduled to be held on May 11. Also, the countrys manufacturing production for the month of March, due for release on the...

German bunds bounce ahead of Q1 GDP, April consumer inflation

May 10, 2017 08:21 am UTC| Commentary Economy

The German bunds bounced Wednesday as investors are closely eyeing the countrys first-quarter gross domestic product (GDP) and consumer price inflation (CPI) for the month of April, scheduled to be released on May...

Subdued wage pressure likely to keep core inflation low in euro area, says Danske Bank

May 10, 2017 06:42 am UTC| Commentary Economy

Wage growth in the euro area remains low despite the continued labour market progress. Nevertheless, consumers have recently benefited from very high real wage growth due to the extraordinarily low inflation. Looking...

New Zealand bonds close higher as investors await RBNZ’s monetary policy decision

May 10, 2017 05:43 am UTC| Commentary Economy

The New Zealand bonds ended Wednesdays session on a higher note as investors wait to watch the Reserve Bank of New Zealands (RBNZ) monetary policy decision, scheduled to be unveiled on May 11. At the time of closing,...