Europe Economics Update Sweden’s Riksbank boosts stimulus to weaken krona Sweden’s central bank today stepped up its monetary policy stimulus to protect the nascent uptrend in inflation and fight the recent strengthening of the krona. But with the upward pressure on the... 2nd July 2015 · 1 min read
Nordic & Swiss Economics Update Sweden’s Riksbank boosts stimulus to weaken krona Sweden’s central bank today stepped up its monetary policy stimulus to protect the nascent uptrend in inflation and fight the recent strengthening of the krona. But with the upward pressure on the... 2nd July 2015 · 1 min read
Europe Chart Pack Contagion from Greece limited for now Greece’s crisis escalated further in June, culminating in a default to the IMF, the imposition of capital controls and the expiry of the second bailout programme. In response, Greek 10 year government... 1st July 2015 · 1 min read
Japan Data Response Tankan (Q3) While the Tankan rose last quarter, a range of activity data point to a contraction in GDP in Q2. 1st July 2015 · 1 min read
Latin America Chart Pack China still the key risk for Lat Am While many parts of the emerging and developed world are sweating over the potential fallout from a looming Greek exit from the Euro-zone, a deeper downturn in China remains the key external risk for... 30th June 2015 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jun.) & Unemployment (May) The renewed decline in euro-zone HICP inflation in June highlighted that the ECB still has a lot of work to do to hit its inflation target in the medium term. 30th June 2015 · 1 min read
Asia Chart Pack Risk of “Grexit” hangs over Asia’s export outlook The direct links between Emerging Asia and Greece are very limited. Exports to Greece account for only a tiny proportion of regional GDP, while banking sector ties are negligible. What matters more... 30th June 2015 · 1 min read
Japan Data Response Labour Cash Earnings (May) Beyond a handful of economies in Emerging Europe, the direct links between Greece and the rest of the emerging world are limited. What matters for most EMs is not so much the crisis in Greece itself... 30th June 2015 · 1 min read
Europe Data Response German Flash CPI (Jun.) June’s sharp fall in German HICP inflation confirmed that underlying price pressures have remained very subdued even in the euro-zone’s strongest economy. 29th June 2015 · 1 min read
Canada Economics Weekly Will the Bank of Canada cut interest rates again? Although there is limited scope to reduce interest rates further, the hit from lower oil prices on the economy is taking a heavier toll than widely acknowledged. Without any offset from the non-energy... 29th June 2015 · 1 min read
Emerging Europe Economics Update EM inflation to pick up as oil price effect fades EM inflation is set to accelerate in the months ahead as downward pressure from thefall in oil prices late last year unwinds. This will ease concerns about deflation in anumber of EMs, including China... 26th June 2015 · 1 min read
Latin America Economics Update Brazil inflation report suggests more tightening to come The Central Bank of Brazil’s Q2 Inflation Report gives the clearest indication yet that policymakersbelieve they have more work to do in the fight against inflation. We’ve pencilled in another... 26th June 2015 · 1 min read
Latin America Economics Update Changes to Brazil’s inflation target reinforce hawkish message The changes announced by Brazil’s government to the central bank’s inflation target are small in thegrand scheme of things but reinforce the overall message that policymakers are serious about getting... 26th June 2015 · 1 min read
Japan Economics Weekly How fast do wages have to rise to reach 2% inflation? We estimate that wages would have to rise by 3% or more to reach the Bank of Japan’s 2% inflation target. Even if the unemployment rate drops further in the months ahead, we think that wage growth may... 26th June 2015 · 1 min read
Japan Data Response Unemployment, Consumer Prices, Household Spending (May) Even though the labour market continues to tighten, the Bank of Japan’s preferred inflation measure fell towards zero last month. Sluggish consumer spending suggests that price pressures are unlikely... 26th June 2015 · 1 min read
Emerging Europe Chart Pack Greek crisis casts fresh cloud over outlook The deepening crisis in Greece has been met with a muted reaction in the financial markets inEmerging Europe and there are few signs that it has had any impact on economic activity in theregion... 25th June 2015 · 1 min read
