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...

UK releases summer budget

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...

Singapore's another intermeeting easing likely before October

Jul 08, 2015 06:58 am UTC| Commentary Economy

Singapores external growth momentum is waning, as evidenced by non-oil domestic export growth falling by 0.2%y/y (consensus: 2.3%y/y). Meantime, CPI inflation was soft in May - the core reading fell from 0.4%y/y to 0.1%yy...

Euro to recover modestly in long term

Jul 08, 2015 06:30 am UTC| Economy

Further out, a modest EUR recovery is expected, as the positive effects of QE/credit easing feed through. The economic recovery will take time to feed into higher inflation capping longer-term forecasts, says RBC...