Filtered by Topic: Monetary Policy Use setting Monetary Policy
South Africa: Steady as she goes at the SARB The re-appointment of South Africa’s respected central bank governor will help to allay fears concerning the independence of the Reserve Bank. Governor Lesetja Kganyago is a fierce defender of the bank’s …
12th July 2019
The data this week were consistent with a continued slowdown in economic growth, but don’t yet look weak enough to convince the Fed to cut interest rates immediately. We suspect that Chair Jerome Powell will use his semi-annual testimony to Congress next …
5th July 2019
Developments this week make us more confident in our view that the ECB will change its forward guidance at its meeting on 27 th July, before cutting its deposit rate in September and announcing in October that it will re-launch QE. The first of these …
Swiss market shrugs off loss of ‘equivalence’ The Swiss stock market took the expiration of the ‘equivalence’ regime with the EU in its stride this week, mirroring the buoyant performance of other equity markets. The Swiss Market Index (SMI) jumped by …
Swiss-EU stock market equivalence is no more The spat between the Swiss government and the EU came to a head this week after it became clear that the EC will follow through on its threat to let the current ‘equivalence’ regime for share trading lapse from …
28th June 2019
Dovish RBNZ As expected, the RBNZ kept the official cash rate on hold at 1.50% this week. But given the Bank’s dovish tone and our downbeat forecasts for New Zealand’s economy, we now think the RBNZ will cut rates twice this year. (See here .) Admittedly, …
Premier Li spoke to the press at the close of the National People’s Congress (NPC) today. He offered further details on the timing and scale of policy support – smaller than in previous cycles but probably enough to stabilise growth later this year. …
15th March 2019
