Bank of Thailand stays pat on uncertainty over Brexit referendum

Jun 22, 2016 09:14 am UTC| Central Banks Commentary Economy

The Bank of Thailand in its monetary policy meeting held today, maintained status quo, on rising uncertainty over Thursdays Brexit referendum. Further, global financial markets remain choppy ahead of Britains election to...

SARB remains in dilemma between high inflation levels and weak real economy

Jun 22, 2016 08:20 am UTC| Commentary Economy

The South African Reserve Bank (SARB) temporarily halted its rate hiking cycle in mid-May. However, it stated that it is in dilemma between high levels of inflation and a sluggish real economy. The economic scenario has...

Uncertainty dents Australian economy, likely to trigger a rate cut

Jun 22, 2016 06:48 am UTC| Commentary Economy

The Australian economy is most susceptible to be affected by economic uncertainty that prevails in the lead-up to federal elections, according to the economic uncertainty index for Australia, developed by ANZ Research. The...

Fed Chair Yellen hints dovish note at US semi-annual testimony

Jun 22, 2016 06:06 am UTC| Commentary Central Banks Economy

Federal Reserve Chairperson Janet Yellen hinted at a dovish note while speaking at the United States semi-annual testimony on Capitol Hill on Wednesday. The chairwoman said that the Fed would remain cautious on raising...

Mexican economic growth recovers modestly; domestic private consumption key driver

Jun 22, 2016 05:51 am UTC| Commentary Economy

Based on Mexicos monthly indicator of economic activity, there is modest recovery in the countrys growth environment. The Mexican economy is likely to average at an annualized growth rate of 2.6 percent in 2016-2017, said...

China consumer confidence edges down in June

Jun 22, 2016 05:22 am UTC| Economy Commentary

China ANZ-Roy Morgan consumer confidence edged down in June on the backdrop of ongoing global worries surrounding Brexit and slow growth in the Chinese economy. However, the slight decline in Junes figures does not...

Indian economy grows despite poor indicators: Danske Report

Jun 21, 2016 13:18 pm UTC| Commentary Economy

Indias economic growth appears to be quite strong on the surface with a growth of 7.9 percent in first quarter. But there are certain reasons that suggest this is too good to be true. For five years, car sales have been...