Nordic & Swiss Data Response Sweden Consumer Prices (Oct.) The October inflation data from Sweden do not move the needle for policymakers. However, the persistent weakness of underlying price pressures is likely to remain a headache for the Riksbank over the... 12th November 2020 · 2 mins read
India Economics Weekly Vaccine hopes, new rupee forecasts The increased likelihood of an effective vaccine being developed is encouraging news for India. But even widespread vaccination would not restore India to economic health, and we would still expect... 12th November 2020 · 6 mins read
Nordic & Swiss Data Response Norway Consumer Prices (Oct.) While Norwegian inflation edged further above target in October, it is set to fall back sharply in H1 2021 and so the Norges Bank will be in no rush to raise interest rates. 10th November 2020 · 2 mins read
China Data Response China Consumer & Producer Prices (Oct.) Headline consumer price inflation fell sharply in October, to its lowest since 2009. But this was almost entirely due to falling food prices – core inflation and factory gate inflation held steady... 10th November 2020 · 2 mins read
UK Economics Chart Pack Lockdown and Brexit make for a bumpy Christmas The UK is facing up to the possibility of a festive period dominated by COVID-19 restrictions and Brexit. We think that the England-wide lockdown will shrink the economy by 8% m/m in November and that... 9th November 2020 · 9 mins read
Nordic & Swiss Economics Weekly Rebounds set to falter; SNB navigating sub-zero life With further easing by the ECB set to arrive next month, or even sooner, we expect FX interventions to remain Swiss policymakers’ first line of defence. Next week, GDP data from Norway will confirm... 6th November 2020 · 7 mins read
India Economics Weekly Biden presidency, food inflation, interest waiver We wouldn't rule out a Joe Biden administration taking a more collaborative approach to containing China's geopolitical influence than Donald Trump, which could help strengthen ties between the US and... 6th November 2020 · 5 mins read
Europe Chart Pack New lockdowns weighing on activity and inflation Euro-zone economic activity looks set to slow sharply again in November and to remain weak for a while beyond that. The number of patients in intensive care units is rising rapidly and we suspect that... 5th November 2020 · 12 mins read
UK Economics Update Our new forecasts in full This UK Economics Update contains full details of our new economic and financial market forecasts if there is a Brexit deal and for two different kinds of no deal Brexit. It also highlights that... 5th November 2020 · 5 mins read
Nordic & Swiss Economics Update Norges Bank set for a prolonged period at zero As expected, the Norges Bank did not set off any fireworks this morning, and the decision to leave its key interest rate on hold at zero was never in doubt. The economy is likely to prove... 5th November 2020 · 3 mins read
UK Economics Update Extra £150bn of QE unlikely to be the last expansion 5th November 2020 · 3 mins read
UK Economics Update Extra £150bn of QE unlikely to be the last expansion Back in June, we predicted that the Bank of England would expand quantitative easing (QE) by a further £350bn over the following 18 months (consensus £100bn). By announcing an extra £150bn of QE today... 5th November 2020 · 3 mins read
RBNZ Watch Lending programme to foreshadow negative rates At its meeting on 11 th November, the Bank will likely unveil a new lending programme to lower banks’ funding costs. And while the economic data since the Bank’s last meeting have been mixed, we still... 5th November 2020 · 7 mins read
Europe Economics Update New lockdowns to keep inflation low The new lockdowns in Germany and France, as well as the stricter virus containment measures in other countries, are likely to cause low inflation in the region to become even more entrenched. 4th November 2020 · 4 mins read
Nordic & Swiss Data Response Switzerland CPI (Oct.) The absence of price pressures in Switzerland will remain a headache for the SNB over the coming years. And with the ECB set to loosen policy again next month, Swiss policymakers’ focus will remain... 3rd November 2020 · 2 mins read
Emerging Europe Data Response Turkey Consumer Prices (Oct.) Turkey’s headline inflation rate edged up to 11.9% y/y in October and is likely to rise further over the coming months. This, combined with the recent sharp falls in the lira, means that the central... 3rd November 2020 · 2 mins read
