We are now more hawkish than the consensus about the outlook for monetary policy in Norway this year. But we don’t expect the krone to keep strengthening, as we forecast that oil prices will fall.

Although EM currencies suffered as the Fed tightened last year, they have hardly benefitted from the central bank’s dovish shift recently, including after this week’s FOMC meeting. We forecast that...

Although investors have become more dovish about the outlook for US monetary policy in the wake of this week’s FOMC meeting, we think that they are underestimating future rate cuts given the grim...

We expect bonds in the euro-zone’s “periphery”, particularly in Italy, to come under renewed pressure in the rest of 2019 as growth remains weak and political risks creep up. However, we think that...