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Economic Forecasting

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  • TOKYO, Feb 13- Inflation in Japan is forecast to slow further in coming quarters pressured by the collapse in crude oil prices, but the Bank of Japan is set to sit tight for now as it assesses the broad impact of the oil slump on consumption and prices. But a patient approach will give the BOJ more time to assess the impacts of a wave of monetary policy easings around the...

  • *Greece gets assistance from ECB for banks. NEW YORK, Feb 12- The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve sometime this year. In late New York trading, the dollar index was down 0.9 percent at...

  • FOREX-Dollar slides on soft U.S. data; euro gets relief Thursday, 12 Feb 2015 | 10:51 AM ET

    *Greece gets assistance from ECB for banks. NEW YORK, Feb 12- The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year. "There's obviously disappointment over the weak headline...

  • *Policy rate steady at 4.0 pct for third meeting in a row. MANILA, Feb 12- The Philippine central bank left its benchmark interest rate on hold on Thursday, as expected, and signalled it can stay on the sidelines for some time, with the country in a sweet spot with low inflation and strong growth. "The Monetary Board is of the view that the within-target inflation outlook...

  • U.S. business lobby survey warns of China protectionism Wednesday, 11 Feb 2015 | 1:57 AM ET

    Fifty-seven percent of the 477 respondents included in an annual survey by the American Chamber of Commerce in China said they believed recent government investigations "singled out" foreign companies. "There are concerns that China will take an approach, that when the economy slows down, they become more protectionist," Chamber chairman James Zimmerman told...

  • DIARY- Top Economic Events to Feb 24 Tuesday, 10 Feb 2015 | 7:01 PM ET

    LONDON- Bank of Japan policy board member Takehiro Sato speaks at the Japan Securities Summit 2015 on the outlook for the Japanese economy- 1410 GMT. NEW YORK- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Monetary Policy and a Reflection on 10 Years at the Fed" before the Economic Club of New York- 1300 GMT. PARIS- European Central Bank board...

  • LIMA, Feb 10- Peru's central bank will likely hold its benchmark interest rate at 3.25 percent on Thursday as it expects economic growth to rebound and the currency to continue weakening, a majority of analysts polled by Reuters said. The sol, which weakened by more than 6 percent last year, closed at a new low in nearly six years on Tuesday despite the central bank's...

  • U.S. small business sentiment retreats in January Tuesday, 10 Feb 2015 | 9:00 AM ET

    WASHINGTON, Feb 10- U.S. small business optimism fell in January amid worries over the near-term outlook, but a strengthening labor market should keep the economy on solid ground early in the year. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 2.5 points to 97.9 last month, reversing December's gains,...

  • OTTAWA, Feb 10- The oil price shock has been front and center at meetings of the Group of 20 leading economies, Bank of Canada Governor Stephen Poloz said on Tuesday, but nothing he has heard at the talks so far has changed his economic outlook. Speaking in an interview with Reuters and another news outlet, Poloz also rejected the notion that he has been purposefully...

  • POLOZ: NOTHING HE'S HEARD AT G20 TALKS CHANGES BOC'S ECONOMIC OUTLOOK.

  • ISTANBUL, Feb 10- The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth. The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies running at...

  • BEIJING, Feb 10- China's consumer inflation slowed to a worse-than-expected rate of 0.8 percent in January, reinforcing signs of persistent weakness in the economy and broadening the scope for further stimulus steps by the central bank to ward off deflationary risks. The producer price index also missed forecasts, dropping 4.3 percent, the National Bureau of...

  • MOSCOW, Feb 9- Russian car sales are expected to decline by 25-35 percent this year, accounting firm PricewaterhouseCoopers said on Monday, hit by a sharp economic slowdown and devaluation of the rouble. Russia, a country with 143 million people, has been a booming market for car producers since the fall of the Soviet Union. But with the economy heading for...

  • SHANGHAI Feb 8- China's exports fell 3.3 percent in January from a year earlier, while imports fell 19.9 percent, disappointing analyst expectations. That left the country with a trade surplus of $60 billion for the month, the Customs Administration said on Sunday. Analysts polled by Reuters had expected to exports to rise by 6.3 percent, and predicted imports...

  • UPDATE 1-Central bank raises Italy growth forecasts Saturday, 7 Feb 2015 | 8:11 AM ET

    *Italy growth above 0.5 pct in 2015, above 1.5 pct in 2016- BOI. MILAN, Feb 7- The Italian economy is expected to grow more than previously forecast this year and the next as a result of the European Central Bank's bond buying programme, Bank of Italy Governor Ignazio Visco said on Saturday. Meanwhile, the European Commission said this week Italy would grow by 0.6...

  • IMF sees uncertainty about path of oil prices Friday, 6 Feb 2015 | 7:00 AM ET

    WASHINGTON, Feb 6- Uncertainty over the future path of oil prices could throw a wrinkle into the International Monetary Fund's predictions for the global economy, its staff said in a note on Friday. The outlook for petroleum prices, which have decreased more than 50 percent in the last seven months, is likely to form the backdrop for the ministerial meeting of the...

  • *Copper on track for biggest weekly gain since early Aug 2013. LONDON, Feb 6- Copper edged lower on Friday, retreating from the previous session's gains, as the dollar firmed and investors awaited key U.S. labor market data for indications on the outlook for economic growth and monetary policy. "We expect global demand for copper to remain robust, with the exception...

  • DIARY- Top Economic Events to Feb 18 Thursday, 5 Feb 2015 | 7:01 PM ET

    NAPLES, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the Southwest Florida Business Leaders Luncheon- 1745 GMT. ROME- Conference on European financial architecture and the EU banking union with EU Parliament representative Roberto Gualtieri, ECB Supervisory Council...

  • Canada sees global economic risks ahead of G20 talks Thursday, 5 Feb 2015 | 11:47 AM ET

    OTTAWA, Feb 5- Canada sees a good deal of uncertainty and risk in the global economy as the Group of 20 leading economies head into ministerial talks in Turkey next week, a senior Canadian finance official said on Thursday.

  • DOHA, Feb 5- Bentley will likely see sales growth of its upscale autos in 2015 fall short of last year's level, a board member of the British marque told Reuters, as economic uncertainties and the slump in oil prices leave consumers more cautious about luxury purchases. But slower growth in China, fears of deflation in Europe, weak oil prices and the threat of Islamic...