Bank of Japan Governor Ueda today indicated that it wouldn't take much for the Bank to hike interest rates further in the second half of the year. The extreme labour shortages coupled with persistent...

El Niño is causing severe drought across much of southern Africa, which is likely to weigh on GDP, push up inflation and strain balance sheets. South Africa has also suffered water shortages, albeit...

Next week, we expect the ECB to signal clearly that as long as economic developments are broadly in line with official forecasts, it will cut interest rates in June. There is a decent case for a 50bp...

The further fall in Swiss inflation in March reinforces our view that the SNB will cut rates by a further 50bp this year. We have pencilled in the next rate cut for September, but there is a growing...