Forex News
Sweden: Inventories as expected, still downside risks to Q1 GDP
Important pieces of the Q1 GDP puzzle were out yesterday, namely inventories for manufacturing industry as well as for retailers and wholesalers.
ECB Constancio: ECB To Act ‘Swiftly’ on Too-Low Inflation If Needed
European Central Bank Vice-President Vitor Constancio said Thursday that the Eurozone was sitting in a “creditless recovery” with very low inflation but
Euro area: growth disappointments back?
Euro-area Q1 GDP numbers printed at 0.2% q/q, clearly weaker than hoped. This marked the fourth quarter of growth in a row, implying the economy is not on the verge of another recession.
ECB Weidmann: Open to Act if Needed But Naturally Await Data
The European Central Bank is in principle willing to take action, but whether it takes any depends on the latest data, ECB Governing Council member Jens Weidmann said Wednesday.
ECB Mersch: Just What The ECB Will Do Is A Decision Yet To Be Made
What the European Central Bank will do at its next monetary policy meeting is a decision yet to be made, ECB Executive Board member Yves Mersch said Wednesday.
BOE Carney: Edging Closer To Point Where Hike Needed
Bank of England Governor Mark Carney said Wednesday that the UK economy has edged closer to the point at which Bank Rate will need to rise off its emergency 0.5% setting.
BOE May QIR: Faster Jobless Fall; Inflation Forecast Steady
The Bank of England Monetary Policy Committee in its May Quarterly Inflation Report accepted that productivity growth is likely to be slower than it previously expected, and forecast a much more rapid fall in unemployment.
BOE QIR: Putting the Focus Back On Inflation Projections
Analysts expect the Bank of England Monetary Policy Committee may use Wednesday’s May Quarterly Inflation Report and accompanying press conference to
April Retail Sales Affected by Revisions to March
Retail sales increased 0.1 percent in April after March’s increase was upwardly revised to 1.5 percent.Revisions to March’s numbers were across the board. April’s control group retail sales were down 0.1 percent.
Import Prices Temper in April as Food and Energy Pull Back
Import prices unexpectedly fell in April, declining o.4 percent. The drop came as food and energy prices pulled back, but prices for core imported goods recorded mild increases. On balance, import prices remain tame.
Sweden: Inflation bounced in April
April CPI came out at +0.4% on the month, just above forecasts at 0.3%. The main surprise was ticket prices for foreign flights, adding 0.2% point to the CPI m/m compared to our call at 0.1% point.
Housing Finance – March; ABS House Prices – QI 2014
The total number of housing loans to owner-occupiers fell by 0.9% in March, to be up 7.3% over tha past year.