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Economic Forecasting

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  • TOKYO, March 17- The Bank of Japan maintained its massive stimulus programme on Tuesday and signaled its conviction that a steady economic recovery will help achieve its ambitious price target without immediate, additional monetary easing. As widely expected, the BOJ maintained its stimulus programme that pledges to print money at an annual pace of 80...

  • SAN JOSE, March 16- Costa Rica's economy will grow 4 percent in 2015, helped by higher levels of public investment, Finance Minister Helio Fallas said on Monday. "Higher public and private investment is having a multiplying effect on the economy," Fallas told journalists. Costa Rica's Central Bank, which expects economic growth of 3.4 percent for the year, lowered...

  • DIARY-Top Economic Events to March 27 Friday, 13 Mar 2015 | 8:01 PM ET

    CERNOBBIO, Italy- European Central Bank board member Sabine Lautenschlaeger takes part in event on "The Outlook for Economy and Finance"- 0745 GMT. Speakers:- European Central Bank board members Sabine Lautenschlager and Peter Praet, Germany's Bundesbank board member Andreas Dombret and Germany's Bundesbank Deputy President Claudia Buch.

  • MOSCOW, March 13- Russia's Central Bank Governor Elvira Nabiullina said on Friday that recent economic data showed the balance of risks remains skewed towards an economic slowdown. Nabiullina told a press conference that the bank expects a rapid economic recovery only in 2017 when gross domestic product growth may exceed 6 percent, after falling some...

  • MOSCOW, March 13- Russian bank VTB said on Friday it made a profit of just 0.8 billion roubles in 2014, implying it made its first quarterly loss since 2009 in the fourth quarter as sanctions and an economic downturn weighed. VTB, along with larger rival Sberbank, is a dominant player in Russia's banking sector and is under Western sanctions imposed over Russia's...

  • ACCRA, March 12- Ghana has slashed its 2015 oil revenue forecast to 1.5 billion cedis from 4.2 billion cedis when the budget was presented in November due to lower crude prices, the finance minister said on Thursday. Ghana, which also exports cocoa and gold, enjoyed several years of robust economic growth after it began pumping oil from its offshore Jubilee field...

  • BRASILIA, March 12- Brazil's inflation will rise more than expected this year, but tighter monetary and fiscal policies and a slowdown in activity will ease price pressures in 2016, the central bank said on Thursday, leaving the door open for more interest rate increases. The bank continues to leave the door open for more increases, "said Thais Marzola Zara, chief...

  • BEIJING, March 12- China's central bank governor on Thursday signalled that Beijing is comfortable with the current macroeconomic environment and plans to stick with its "prudent" monetary policy. Both are seen as key reforms needed for the wider restructuring of China's economy and a move away from miscalculated and mispriced investment.

  • BEIJING, March 12- Chinese banks extended 1.02 trillion yuan of new loans in February, well above market expectations, while growth in broad money supply quickened, taking some heat off the central bank as it seeks to boost flagging economic growth. Economists polled by Reuters had expected new local-currency loans to fall to 750 billion yuan in February from...

  • BEIJING, March 12- Chinese banks extended 1.02 trillion yuan of new loans in February, well above market expectations, while growth in broad money supply quickened, taking some heat off the central bank as it seeks to boost flagging economic growth. Economists polled by Reuters had expected new local-currency loans to fall to 750 billion yuan in February from...

  • China Feb new yuan loans well above forecast Thursday, 12 Mar 2015 | 2:51 AM ET

    BEIJING, March 12- Chinese banks extended 1.02 trillion yuan worth of new loans in February, well above market expectations, while growth in broad money supply quickened, central bank data showed on Thursday. Economists polled by Reuters had expected new local-currency loans to fall to 750 billion yuan in February from 1.47 trillion yuan in January, which...

  • GLOBAL MARKETS-Asian shares rise as South Korea cuts rates Wednesday, 11 Mar 2015 | 10:29 PM ET

    TOKYO, March 12- A surprise interest rate cut by South Korea's central bank on Thursday helped lift an index of Asian stocks away from the previous session's seven-week lows, while the prospect of higher U.S. interest rates buoyed the dollar. "We think the two key drivers behind today's decision are a weaker economic outlook and deflation pressures," said Ronald...

  • TOKYO, March 12- Confidence at big Japanese manufacturers worsened in January-March and is seen turning negative in the second quarter as a slumping yen ramped up the costs of raw material imports, a survey showed, complicating Tokyo's stimulus-driven campaign to revive the economy. The quarterly poll by the Ministry of Finance and the Cabinet Office...

  • IMF sees Ukraine returning to growth next year Wednesday, 11 Mar 2015 | 5:45 PM ET

    WASHINGTON, March 11- The International Monetary Fund said on Wednesday that Ukraine's economy should return to growth in 2016 after a deep contraction this year. In a news release providing details of its $17.5 billion loan to Ukraine, the IMF said the economy would likely shrink by about 5.5 percent this year, before rebounding with growth of 2 percent in 2016...

  • BEIJING, March 11- China's factory output rose 6.8 percent in January and February compared with the same period last year, missing forecasts and reinforcing expectations that the economy will grow at its slowest pace in a quarter of a century this year. Fixed-asset investment, a crucial driver of the world's second-largest economy, rose 13.9 percent in...

  • *Jan machinery orders -1.7 pct vs f'cast -4.1 pct. TOKYO, March 11- Japan's core machinery orders fell 1.7 percent in January, suggesting that companies remain reluctant to increase capital expenditure given the uncertain economic outlook. The data underscores the challenges Prime Minister Shinzo Abe and the Bank of Japan face as they attempt to nudge firms...

  • Japan Jan core machinery orders down 1.7 pct m/m Tuesday, 10 Mar 2015 | 7:55 PM ET

    TOKYO, March 11- Japan's core machinery orders fell 1.7 percent in January from the previous month, government data showed on Wednesday, suggesting companies are reluctant to increase capital expenditure given the murky economic outlook. The result compared with a median market forecast for a 4.1 percent decline and followed an 8.3 percent rise in December,...

  • Down day on the Street   Tuesday, 10 Mar 2015 | 1:44 PM ET
    Down day on the Street

    Digging into Tuesday's market selloff, and where opportunities are if in fact the Fed hikes rates in the U.S., with Jeff Hussey, Russell Investments, and Steve Auth, Federated Investors.

  • Downside of strong dollar: Pfizer, IBM & more   Tuesday, 10 Mar 2015 | 1:33 PM ET
    Downside of strong dollar: Pfizer, IBM & more

    CNBC's Dominic Chu reports why the dollar surge could be bad for American companies that do business overseas.

  • Pisani finds 'odd volume'   Tuesday, 10 Mar 2015 | 1:30 PM ET
    Pisani finds 'odd volume'

    CNBC's Bob Pisani provides an update on Tuesday's market selloff.