RBNZ to keep interest rates unchanged through next year
Feb 24, 2015 08:54 am UTC| Research & Analysis
Base Indicator: Inflation expectation Q1, Impact: Medium, Currency: NZD/USDActual: 1.8, Previous: 2.06Next Release: 20 March, 2015"We continue to expect the RBNZ will leave the OCR on hold for the foreseeable future" -...
Fitch affirms 10 Nigerian banks on peer review; Stable Outlook
Feb 23, 2015 19:14 pm UTC| Research & Analysis
Fitch has affirmed the Long-term Issuer Default Ratings (IDRs) of 10 Nigerian banks. They are Zenith Bank Plc (Zenith), FBN Holdings Plc (FBNH), First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA), Guaranty...
Fitch: Danish Krone Peg Defence Looks Credible, But Has Risks
Feb 23, 2015 12:15 pm UTC| Research & Analysis
Steps by the Danish authorities to maintain the euro-krone peg reflect a very strong commitment to a fixed exchange rate, and support Fitch Ratings view that the peg will not be abandoned. Defending the peg avoids the...
Fitch: Quantitative Easing Can Support Sovereign Ratings
Feb 23, 2015 10:02 am UTC| Research & Analysis
Fitch Ratings says in a new report that a credible and effective quantitative easing (QE) programme can provide support to sovereign ratings and potentially reduce the risk of downgrades, relative to the counter-factual of...
Eurozone grants four months conditional extension to Greece
Feb 23, 2015 09:12 am UTC| Research & Analysis
The Eurogroup reached an agreement with Greece for an extension of its bailout by four months, easing the concerns regarding the possible exit of the country from the Eurozone."Patience was stretched to its limits in the...
Fitch: Austrian banks' ratings unaffected by sovereign downgrade
Feb 20, 2015 17:23 pm UTC| Research & Analysis
Fitch Ratings says that its recent downgrade of Austrias sovereign ratings does not affect the support-driven Long-term Issuer Default Ratings (IDR) of the four systemically-relevant Austrian banks, which remain...
Moody's: Italy set to benefit from reforms, though debt to GDP ratio to decline only gradually
Feb 20, 2015 16:47 pm UTC| Research & Analysis
Italys (Baa2 stable) economy is gradually recovering, but its growth trajectory will likely remain low in the coming years, says Moodys Investors Service in a report published today. The rating agency expects that the...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight