MERS and Yen to take greater toll on Korea

Jul 09, 2015 11:09 am UTC| Insights & Views Economy

South Koreas central bank kept interest rates at record low of 1.5% but reduced the growth forecast amid economic slowdown. Today, the Central Bankreduced forecast for second quarter to just 0.4% from 1% revised...

Greece needs policies to employ people

Jul 09, 2015 10:16 am UTC| Insights & Views Economy

Half a decade of austerity, political changes have ravaged the countrys employment scenario. Todays release revealed that unemployment dropped marginally in April but remains staggeringly high at 25.6%. While...

Sweden 2016 wage negotiations round in focus

Jul 09, 2015 09:45 am UTC| Commentary Economy

The Riksbank wants to see is EUR/SEK staying at its current levels of 9.30, given the emphasis put on SEK in supporting the CPI recovery. A rise in import prices via SEK devaluation is likely the quickest and most direct...

Divergent monetary policies a more powerful EUR driver than Greek risks

Jul 09, 2015 09:43 am UTC| Commentary Economy

Euro has remained relatively resilient, despite a substantial deterioration of the situation in Greece. Although Grexit risks are negative for the Euro, data and divergence of monetary policies are more important drivers....

Unfavorable global and domestic conditions pat Brazilian Real

Jul 09, 2015 07:37 am UTC| Commentary Economy

The BRL traded with a weak tone on Wednesday losing around 1.5% vs. the USD. USD-BRL closed at 3.235. Developments in China weighed on the BRL performance throughout the day as this country is Brazils main trade partner...

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...