The Weekly Briefing:
September's rate decisions, China's stepped up stimulus, and the AI race
A Capital Economics podcast
1st September, 2023
As summer holidays draw to a close attention is quickly turning to September’s big central bank decisions. Group Chief Economist Neil Shearing and the team have been sifting through weeks of data from the US, euro-zone and UK to assess what the Fed, ECB and Bank of England are going to do when they sit down to decide their next moves on rates. He tells David Wilder what to expect from these meetings, but also what central bankers mean when they keep telling the press that intend to stay the course on policy tightening.
Neil also talks about Ernie Bot, the new Chinese AI-powered chatbot, and what its release signals about the global race to dominate in this emerging General Purpose Technology.
Plus, is policy paralysis over in Beijing? Chief Asia Economist Mark Williams talks about what’s in the latest stimulus announcement from the Chinese government and whether it’s enough to turn around China’s flagging economy.