The World with Higher Interest Rates
Research series showing how the most aggressive monetary tightening cycle in decades will shape global economic and market outcomes.
The most aggressive monetary tightening cycle in decades has shaken global markets this year on concerns that central bank efforts to rein in inflation will end in recession. Investors have cause to worry: historical evidence shows how tightening cycles have often ended in economic downturns when inflation needs squeezing out of the system. But could this time be different?
As global tightening got underway, Capital Economics began a special series of research exploring what higher interest rates would likely mean for macro and market outcomes, showing how economies would cope and where risks and opportunities lay in financial markets.
Our latest interest rate coverage
Read our latest research on the impact of higher rates from across our macro and market services.
EM Drop-In: Past peak inflation – what now for EM policymakers?
Starts 1st December 2022 at 3PM GMT
Inflation appears to have finally peaked for emerging markets – but how quickly will price pressures now ease, and what will that mean for the 2023 outlook? In their latest monthly dive into the big…
Emerging Markets Economics Update
When will EM central banks turn to interest rate cuts?
Monetary tightening cycles in EMs are advanced relative to DMs, and are now drawing to a close in many countries. Elevated inflation will mean that policy will stay tight over the coming months, but...