Japan Data Response Unemployment, Output & CPI (Sep.) Japan's manufacturing output fell in the third quarter, reflecting both weaker exports and the expiry of government car subsidies at home. The outlook for Q4 is grim. However, other parts of the... 29th October 2010 · 1 min read
Asia Economics Update Australia's cash rate still likely to move up soon Yesterday’s Q3 consumer price data from Australia were softer than the Reserve Bank (RBA) and consensus had expected. Inflation pressures are still likely to rise over the long run but the RBA would... 28th October 2010 · 1 min read
Asia Economics Update New Zealand still on track to lift rates in early 2011 The Reserve Bank of New Zealand (RBNZ), to no-one’s surprise, today kept policy rates unchanged at 3.0%. In coming months, we expect that the activity data will surprise on the upside while the RBNZ... 28th October 2010 · 1 min read
Europe Data Response German Flash CPI (Oct.) October’s German CPI data confirmed that, even in the euro-zone’s best-performing economy, price pressures remain very subdued. 27th October 2010 · 1 min read
Bank of Japan Watch Easing bias in place for the foreseeable future The Bank of Japan’s Policy Board meets on Thursday and will almost certainly forecast that inflation will remain well below the new informal target of 1% until at least 2012. This does not necessarily... 26th October 2010 · 1 min read
Emerging Europe Economics Update Central Bank of Turkey turns even more dovish The outlook for Turkey remains amongst the best in the region, but policymakers at the central bank (CBRT) are still in no mood to raise interest rates. 26th October 2010 · 1 min read
China Economics Update Growth stabilises, inflation still not a threat Today's data did not show the upsurge in inflation that some had thought might have triggered this week's interest rate hikes. Q3 GDP growth too was in line with initial expectations. Instead, the... 21st October 2010 · 1 min read
US Data Response Consumer Prices & Retail Sales (Sep.) September's consumer prices and retail sales figures will do little to ease the Fed's concerns that inflation is too low and that economic growth is too weak. Indeed, in a speech today Fed Chairman... 15th October 2010 · 1 min read
Asia Economics Update Tightening cycle in India nearly over Inflation data published today in India showed that price pressures are still high while the recent weakness in the industrial production figures is probably overstated. We expect that the Reserve... 15th October 2010 · 1 min read
Europe Data Response Euro-zone Trade (Aug.) & CPI (Final, Sep.) August’s euro-zone trade figures suggest that the region is coping with slowing global demand pretty well for now. But with the euro appearing increasingly likely to be a major loser in any global... 15th October 2010 · 1 min read
Asia Economics Update Singapore tackles the inflation risk The currency war has yet to pull in Singapore. Data released today showed a large q/q annualised drop in Q3 GDP but the big surprise was the decision of the Monetary Authority of Singapore to tighten... 14th October 2010 · 1 min read
UK Data Response UK Consumer Prices (Sep.) UK consumer price inflation remains stubbornly high. But that is unlikely to prevent the Monetary Policy Committee from providing the economy with further policy support should activity continue to... 12th October 2010 · 1 min read
UK Data Response UK Consumer Prices (Sep.) UK consumer price inflation remains stubbornly high. But that is unlikely to prevent the Monetary Policy Committee from providing the economy with further policy support should activity continue to... 12th October 2010 · 1 min read
Emerging Europe Economics Update Rising Czech inflation doesn't warrant higher interest rates Last month’s pick-up in inflation in the Czech Republic is likely to give further ammunition to the hawks on the National Bank’s (CNB’s) policymaking Board. But core price pressures remain remarkably... 11th October 2010 · 1 min read
UK Data Response Producer Prices (Sep.) September’s UK producer prices figures suggest that pipeline cost pressures in the industrial sector are still quite strong. But we do not expect that to prevent overall consumer price inflation from... 8th October 2010 · 1 min read
Latin America Economics Update Brazilian inflation pushed up by food prices Although Brazilian inflation accelerated in September, the pick-up was driven by food prices. With the economy now growing at a sustainable rate, we expect the headline rate of inflation to remain at... 7th October 2010 · 1 min read
