• Thursday, January 17, 2019 - 11:03 MNI 5 THINGS:Gas,Seasonals To Weigh On Cdn CPI;Core Resilient 0


    By Yali N'Diaye

    OTTAWA (MNI) - Statistics Canada will release the December Consumer Price Index Friday morning. Ahead of the release, we highlight five themes for particular attention:

    - Analysts in a MNI survey expect headline unadjusted inflation to decline by 0.4% on the month, repeating November's performance. On a 12-month basis, however, the all-item CPI targeted by the Bank of Canada is expected to stabilize at 1.7%. Should this forecast materialize, it would bring the fourth quarter average to 1.9%, given the 1.7% gain in November and the 2.4% increase in October.

    - A 1.9% fourth quarter average would slightly undershoot the Bank of Canada's projection of 2.0% despite its downward revisions published as...

  • Thursday, January 17, 2019 - 10:31 MNI:StatCan Delays Intl Goods Trade Release Due To US Shutdown 0


    By Yali N'Diaye

    OTTAWA (MNI) - Statistics Canada said Thursday it is delaying the release of the international merchandise trade until the U.S. Census Bureau resumes its "normal operations."

    The next monthly report was due Feb. 5, 2019 for the month of December 2018.

    "Statistics Canada's present approach, following consultation with stakeholders, is to delay the release of monthly international merchandise trade statistics until the USCB resumes normal operations and a new joint release date is negotiated with the USCB as per the data exchange agreement," the statistical agency said in a statement.

    The U.S. and Canada publish international goods trade statistics the same day each month.

  • Thursday, January 17, 2019 - 05:24 MNI: ECB Lautenschlaeger: Rate Rise Could Still Come This Year 0


    By Luke Heighton

    FRANKFURT (MNI) - Key eurozone interest rates could still rise this year, the European Central Bank's 's Sabine Lautenschlaeger said Thursday, as she insisted the recent dip in euro-area inflation was 'nothing surprising'.

    Lautenschlaeger, a member of the ECB's Executive Board and Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism, said she was waiting to see the March economic projections, but was still of the view that a rate rise is due in 2019.

    Here are the key point from the interview with Politico published Thursday.

    - Lautenschlaeger denied Europe's economy has been 'overly dependent' on quantitative easing for growth, and that the two were not as closely linked as...

  • Wednesday, January 16, 2019 - 23:05 MNI POLICY: BOJ Kuroda: Must Eye Impact of Unconventional Pol 0


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Thursday that the central bank has tools to stimulate the economy, even when the bank faces the zero lower bound, but needs to carefully watch both the favorable and unfavorable effects.

    Kuroda said, "In a low interest rate environment, there is a greater risk that central banks will face the zero lower bound problem, as the starting point of monetary easing is to lower market interest rates below the neutral level of interest rates." He was speaking at the G20 symposium cosponsored by the BOJ and the Ministry of Finance.

    Other key points from Kuroda's speech:

    --"We have invented various unconventional monetary policy measures to tackle (the zero lower bound...

  • Wednesday, January 16, 2019 - 19:22 MNI POLICY: BOJ Amamiya: Ageing An Important Risk For Economy 0


    --BOJ Amamiya: Ageing Populations To Be Challenge For All G20

    TOKYO (MNI) - Bank of Japan Deputy Governor Masayoshi Amamiya said Thursday that an ageing population can negatively affect future economic activity and it is an important risk factor for the economy.

    Amamiya also said, "given the appropriate policy responses, it can also have a positive impact on the economy". He was speaking at the G20 symposium cosponsored by the BOJ and the Ministry of Finance.

    However, Amamiya didn't elaborate on the details of the "appropriate policy," including BOJ monetary policy.

    Other key points from Amamiya's speech:

    --Ageing is a common policy challenge for all G20 members....

  • Wednesday, January 16, 2019 - 19:01 MNI: UK Lawmakers Urge Gov To Issue CPI, Not RPI, Linked Gilts 0


    -Lords Economic Affairs Member Tells MNI DMO Case Against CPI Issuance Unconvincing

    LONDON (MNI) - The UK should issue inflation-linked treasury bonds using consumer price index inflation and not the outdated retail price index measure, the House of Lords Economic Affairs committee said in a report published Thursday.

    Committee member John Sharkey told MNI he was unpersuaded by the concern raised by Debt Management Office head Robert Stheeman that issuing CPI-linked gilts would cause the UK linker market to fragment.

    With the UK in political turmoil at present, however, Sharkey said that it was hard to predict when any switch to CPI issuance would actually take place....