Broad money and private sector credit have continued expanding steadily in recent months. In advanced economies as a whole, credit has been growing rapidly while in emerging economies it has slowed...

Suggestions that the global recovery is likely to run out of steam simply because the business cycle is now quite mature look wide of the mark. Indeed, the recoveries in most G7 economies are still in...

Based on our new oil price forecasts we expect inflation in advanced economies to rise more gradually this year than previously anticipated. This will add to pressure for further policy loosening in...

In our view, China is likely to keep its currency broadly stable in trade-weighted terms in the coming months. However, if there were a large, across-the-board devaluation of the renminbi the fallout...