Saturday, July 21 2018 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 4 hours 14 min ago
We identified the most relevant factors for the implementation of a CBDC in LatAm, under different designs. We concluded that the region could benefit more from the adoption of a CBDC than developed countries. However, the existence of costs associated with implementation casts uncertainty on where it will be adopted first.
After three months of stability, home sales grew in January. The positive economic situation, coupled with good news from the mortgage market, continues to bolster residential demand. The biggest highlight in construction for January was an increase in the sale of land and a moderation in the growth of visas.
Highlights: ECB issues annual report on supervision and a consultation on guidelines to internal models. EBA issues a consultation on guidelines for PSD2. ESMA prohibites binary options and issues a series of reports, and guidelines for trade repositories. BdE publishes a report on banking supervision. BoE and FCA issue statements on the regulatory approach after Brexit.
Western nations rose up against alleged Russian nerve agent attack in the U.K. and expelled some of Moscow’s diplomats from their soils. In terms of protests, tensions sharply rose in the Middle East. Social unrest also increased in some Eastern European and Latin American countries. Developed countries and Asia remain contained.
The General Purpose Technology advancements, Information Communication Technology and digitization, are the common factors behind three major trickle-down structural contributors to stagnant real wage growth – low productivity growth, the decline in labor income share, and the rise in wage growth distribution inequality.
In February 2018 the balance of the current credit granted by commercial banks to the private sector grew at a nominal annual rate of 12.0% (6.3% real), 0.3 percentage points higher than the rate observed the previous month (11.7%) but 0.8 percentage points below that registered in February 2017 (12.8%).
Using data from the Economically Active Population Survey (EPA), this study expands the annual series on the education level of the population of Spain and its regions up to 2016 that were created by de la Fuente and Doménech (2016) for the period between 1960 and 2011.
Favourable economic conditions in the United States will continue to drive remittances in 2018. However, there is an atmosphere of uncertainty among Mexican immigrants in the US in view of the reinforcement of the border wall, the increase in personnel for deporting migrants and the lack of any agreements to protect the “Dreamers” (beneficiaries of the DACA programme.
In this presentation, we analyze the Central Bank of Turkey's communication strategy. Particularly, what the CBRT is talking about through topic Analysis and “How” the CBRT is talking through sentiment Analysis. We also analyze the interconnectedness between topics using network analysis.
Consumer inflation recorded 0.99% (mom) in March, in line with the market expectation (1%) but higher than ours (0.75%) on the discrepancy due to surprising food inflation.Recent exchange rate depreciation, upward risks on growth and high inertia (backward and forward looking) obviously create upside risks for our year end 9% forecast.
The car industry is definitely turning to developing and marketing electric vehicles. Worldwide, the investment already announced is around $90 billion, and it is forecast to continue growing. It is also expected that big car manufacturers will have dozens of new electric models on sale to the public in the next few years.
Economic fundamentals and financial conditions remain supportive of demand. However, increasing off-lease returns will continue to exert downward pressures on sales and prices of new vehicles.
At the March meeting, the FOMC voted unanimously to raise the Fed funds rate to 1.5%-1.75%. Resumed downward pressure on term premium. The yield curve slope between the 2-year and 10-year Treasury notes flattened to 48 basis points, the lowest since August 2007.