Japan inflation expectations wilting once again

September 9, 2015

Not againThe biggest attention grabber out of Japan is today’s 7.7% moonshot on the stock market, based on hopes of further central bank stimulus in Asia as well as an expected corporation tax cut over the next few years. Never mind that this comes just one day after the Nikkei joined many other major global stock indexes in wiping out its gains for the year.

G7 ministers face full in-tray

By Mike Peacock
May 27, 2015

German Chancellor Merkel talks to Finance Minister Schaeuble during a debate of the Bundestag in Berlin

G7 finance ministers and central bankers gather in Dresden later today for a two-day meeting at an interesting juncture for the world economy.

ECB sees inflation back by year-end

By Mike Peacock
May 18, 2015

Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt

An interesting weekend intervention by ECB policymaker Yves Mersch who said there was no question of winding up QE early and that inflation, still skulking around zero, would stay there until autumn then rise sharply late in the year towards 1.5 percent.

Russian rates to fall as rouble rallies

By Mike Peacock
April 30, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

Russia’s central bank is expected to cut interest rates today, following a sharp rally in the rouble in tandem with oil’s recovery.

No deflation in store for Britain

April 13, 2015

Coin.jpgWill Britain follow the euro zone into deflation? Unlikely, say a majority of the economists who participated in a Reuters poll.

Change in Nigeria?

By Mike Peacock
March 31, 2015

All Progressives Congresses presidential candidate and Nigeria's former military ruler Muhammodu Buhari addresses a news conference outside his house after he voted in Daura

A result in Nigeria’s close-fought election is due to be announced later. With votes from only six of 36 states uncounted, opposition contender Muhammadu Buhari has a lead of over 2.5 million votes over President Goodluck Jonathan.

Greek plan – a detailed programme or vague list of ideas?

By Mike Peacock
March 30, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

The Greek government has sent a reform package to its EU and International Monetary Fund creditors, hoping it will unlock desperately needed funds to stave off bankruptcy.

Could Yemen prompt an oil rally?

By Mike Peacock
March 27, 2015

Shi'ite Muslim rebels hold up their weapons during a rally against air strikes in Sanaa

Yemen’s President Abd-Rabbu Mansour Hadi has fled his refuge in Aden for Saudi Arabia as Houthi rebels battled with his forces on the outskirts of the southern port city.

Talking Turkey

By Mike Peacock
March 11, 2015

Turkey's President Tayyip Erdogan arrives for a welcoming ceremony at the Presidential Palace in Ankara

Turkish Central Bank Governor Erdem Basci will brief President Tayyip Erdogan today about sharp falls in the lira of about 12 percent versus the dollar this year which have not been helped by Erdogan’s criticism of monetary policy.

ECB to fill in the QE gaps

By Mike Peacock
March 5, 2015

ECB President Draghi arrives to take part in a plenary debate on the ECB's Annual Report 2013 at the EU Parliament in Brussels

The European Central Bank is holding its monthly meeting – an offsite gathering in Cyprus – and is about to commence its quantitative easing bond-buying programme.