The Bank of Canada may end up reversing the rate hike it made yesterday. But central banks elsewhere are likely to begin raising rates over the next year or two and are less likely to reverse course...

Germany’s current account surplus has been quite stable in recent years and has not, therefore, been a major drag on global demand. That said, in the unlikely event that it significantly eases up on...

Labour market data released in the US and Japan today underline that wage inflation remains elusive throughout the developed world. We still think that average earnings growth is likely to pick up in...

Few observers will be expecting any policy breakthroughs at the G20 leaders’ summit in Hamburg this weekend, given the US administration’s scepticism about multilateral cooperation. But for now it...