Although the Fed and BoE are likely to start raising rates by the middle of 2015, global monetary conditions should remain very loose next year. The ECB is gearing up to announce a “full-blown” QE...

The Swiss National Bank introduced a negative deposit rate yesterday, but its main tool to combat the threat of deflation is a ceiling for the Swiss franc. Given the continued threat of deflation and...

Today’s flash manufacturing PMIs suggest that the pace of global growth has cooled a little further in recent weeks. Nonetheless, the slowdown since the summer has been milder than the tone of media...

Most countries (and the world as a whole) should be better off as a result of the slump in oil prices, including key emerging markets such as China and India. Of the major advanced economies, Japan is...