unlikely Archive

  • Unnamed analysts cited in the China Securities Journal (via Bloomberg) - Yuan exchange rate to remain basically stable after short-term depreciation - Sound economy, stable capital flows to support yuan

    China press says yuan is unlikely to depreciate sharply

    Unnamed analysts cited in the China Securities Journal (via Bloomberg) - Yuan exchange rate to remain basically stable after short-term depreciation - Sound economy, stable capital flows to support yuan
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  • BAML says UK up against a wall Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue to add headline risks for GBP after another round of Brexit negotiations ended last week without progress, and ahead of the European Commission announcement on October 19 on whether discussions on trade can "The current pace of

    UK ‘extremely unlikely’ to achieve progress before Article 50 deadline – BAML

    BAML says UK up against a wall Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue to add headline risks for GBP after another round of Brexit negotiations ended last week without progress, and ahead of the European Commission announcement on October 19 on whether discussions on trade can "The current pace of
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  • Brexit thoughts from Bank of America / Merrill Lynch via eFX. For bank trade ideas, check out eFX Plus

    BoA/ML: GBP/USD extremely unlikely to achieve progress before Article 50 deadline

    Brexit thoughts from Bank of America / Merrill Lynch via eFX. For bank trade ideas, check out eFX Plus
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  • India's Reserve Bank is unlikely to follow further monetary loosening in the near future as inflation is set to rise again amid signs of a rebound in economic activity, Shilan Shah, an economist at Capital Economics, said. Headline inflation held steady at 3.3 percent in September, data from the Central Statistics Office showed on October 12. In September, the slowdown in food inflation was offset by rises in both fuel price inflation and core inflation, the economist observed. The headline inflation rate remained comfortably inside the Reserve Bank's target range. "But the further increase in the core inflation measure will be noted by policymakers," Shah noted. While food prices tend to be volatile, it seems more likely than not that core inflation will rise further, he said. Capacity utilization rates are tightening in the economy and there is a risk that excessive liquidity in the banking sector could seep into inflation - the RBI has had to increase its open marke..

    India Unlikely To Loosen Policy As Inflation Set To Rise Further

    India's Reserve Bank is unlikely to follow further monetary loosening in the near future as inflation is set to rise again amid signs of a rebound in economic activity, Shilan Shah, an economist at Capital Economics, said. Headline inflation held steady at 3.3 percent in September, data from the Central Statistics Office showed on October 12. In September, the slowdown in food inflation was offset by rises in both fuel price inflation and core inflation, the economist observed. The headline inflation rate remained comfortably inside the Reserve Bank's target range. "But the further increase in the core inflation measure will be noted by policymakers," Shah noted. While food prices tend to be volatile, it seems more likely than not that core inflation will rise further, he said. Capacity utilization rates are tightening in the economy and there is a risk that excessive liquidity in the banking sector could seep into inflation - the RBI has had to increase its open marke..
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  • Turkey CB Unlikely To Loosen Policy This Year On Rising Inflation Turkey's central bank will probably wait until next year before easing monetary policy, influenced by the recent jump in inflation, Liam Carson, an economist at Capital Economics, said. The CPI Inflation accelerated to 11.2 percent in September from 10.7 percent in August, data from the Turkish Statistical Institute showed on October 3. The upward trend in inflation was partly driven by a 12.5 percent surge in food prices. The economist observed that core price pressures continued to build in September, with inflation rising to 11.0 percent from 10.2 percent in August. Moreover, this was the strongest core inflation in thirteen year, largely driven by a sharp increase in clothing prices. Capital Economics expects core inflation to fall towards the end of the year as the impact of previous weakness in the lira starts to fade. The lira was down by almost 15 percent against the dollar on a yearly basis and..

    Turkey CB Unlikely To Loosen Policy This Year On Rising Inflation

    Turkey CB Unlikely To Loosen Policy This Year On Rising Inflation Turkey's central bank will probably wait until next year before easing monetary policy, influenced by the recent jump in inflation, Liam Carson, an economist at Capital Economics, said. The CPI Inflation accelerated to 11.2 percent in September from 10.7 percent in August, data from the Turkish Statistical Institute showed on October 3. The upward trend in inflation was partly driven by a 12.5 percent surge in food prices. The economist observed that core price pressures continued to build in September, with inflation rising to 11.0 percent from 10.2 percent in August. Moreover, this was the strongest core inflation in thirteen year, largely driven by a sharp increase in clothing prices. Capital Economics expects core inflation to fall towards the end of the year as the impact of previous weakness in the lira starts to fade. The lira was down by almost 15 percent against the dollar on a yearly basis and..
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  • Turkey CB Unlikely To Loosen Policy This Year On Rising Inflation Turkey's central bank will probably wait until next year before easing monetary policy, influenced by the recent jump in inflation, Liam Carson, an economist at Capital Economics, said. The CPI Inflation accelerated to 11.2 percent in September from 10.7 percent in August, data from the Turkish Statistical Institute showed on October 3. The upward trend in inflation was partly driven by a 12.5 percent surge in food prices. The economist observed that core price pressures continued to build in September, with inflation rising to 11.0 percent from 10.2 percent in August. Moreover, this was the strongest core inflation in thirteen year, largely driven by a sharp increase in clothing prices. Capital Economics expects core inflation to fall towards the end of the year as the impact of previous weakness in the lira starts to fade. The lira was down by almost 15 percent against the dollar on a yearly basis and..

    Turkey CB Unlikely To Loosen Policy This Year On Rising Inflation

    Turkey CB Unlikely To Loosen Policy This Year On Rising Inflation Turkey's central bank will probably wait until next year before easing monetary policy, influenced by the recent jump in inflation, Liam Carson, an economist at Capital Economics, said. The CPI Inflation accelerated to 11.2 percent in September from 10.7 percent in August, data from the Turkish Statistical Institute showed on October 3. The upward trend in inflation was partly driven by a 12.5 percent surge in food prices. The economist observed that core price pressures continued to build in September, with inflation rising to 11.0 percent from 10.2 percent in August. Moreover, this was the strongest core inflation in thirteen year, largely driven by a sharp increase in clothing prices. Capital Economics expects core inflation to fall towards the end of the year as the impact of previous weakness in the lira starts to fade. The lira was down by almost 15 percent against the dollar on a yearly basis and..
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  • The anticipation of a debt payment to the Brazilian government amounting to R$ 147 billion by the country's National Bank for Economic and Social Development (BNDES) is unlikely to occur in 2018, according to Paulo Rabello de Castro, BNDES' chairman, in a speech at the Arab Brazilian Chamber of Commerce. Rabello stressed that such payment has to be made in installments. "An anticipation in 2018 is materially unlikely unless we scrape the bottom of the cash register, and we can not have zero cash register," he said. "Part of the money in the BNDES cash register does not belong to the bank. It belongs to third parties, and this needs to be respected. It's not just our resources." In early September, the government asked the BNDES for an advance payment of R$ 180 billion (US$ 56.9 billion) in loans made to the institution. Last week, the bank anticipated R$ 33 billion related to contracts that would expire in 2051 and 2052. On Tuesday, the bank's Planning and Resea..

    BRAZIL: BNDES Debt Anticipation Is Unlikely In 2018, Chairman Says

    The anticipation of a debt payment to the Brazilian government amounting to R$ 147 billion by the country's National Bank for Economic and Social Development (BNDES) is unlikely to occur in 2018, according to Paulo Rabello de Castro, BNDES' chairman, in a speech at the Arab Brazilian Chamber of Commerce. Rabello stressed that such payment has to be made in installments. "An anticipation in 2018 is materially unlikely unless we scrape the bottom of the cash register, and we can not have zero cash register," he said. "Part of the money in the BNDES cash register does not belong to the bank. It belongs to third parties, and this needs to be respected. It's not just our resources." In early September, the government asked the BNDES for an advance payment of R$ 180 billion (US$ 56.9 billion) in loans made to the institution. Last week, the bank anticipated R$ 33 billion related to contracts that would expire in 2051 and 2052. On Tuesday, the bank's Planning and Resea..
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