Japan Economics Update Government eases pressure on BoJ to expand stimulus The greater tolerance being shown by Japan’s government towards inflation remaining below target simply reflects the fact that the oil price collapse has made hitting the target all but impossible in... 28th January 2015 · 1 min read
Emerging Markets Economics Focus What do lower oil prices mean for the emerging world? The collapse in global oil prices will provide a boost to most economies in the emerging world. However, it will come at the cost of weaker growth in the Middle East, and deep recessions in Russia and... 28th January 2015 · 1 min read
Asia Economics Update Singapore moves early to counter deflation concerns In an unscheduled decision, the Monetary Authority of Singapore (MAS) today loosened monetary policy by reducing the slope of its target band for the nominal effective exchange rate (NEER). The change... 28th January 2015 · 1 min read
Global Economics Update Are falling inflation expectations a worrying omen? Market-based measures of inflation expectations have declined in the major advanced economies over the past few months. However, the economic risks posed by an extended period of very low inflation or... 27th January 2015 · 1 min read
Latin America Chart Pack Brazil’s inflation outlook diverges from the pack Data released over the past month have highlighted the contrasting outlook for inflation in Brazil compared with that of the rest of the region. After a brief period within the central bank’s target... 27th January 2015 · 1 min read
Emerging Europe Economics Update Divergence in EM inflation to widen further in 2015 Inflation has diverged significantly across the emerging world over the past few months. While some economies have slipped into deflation, in a number of countries consumer prices are rising at a... 27th January 2015 · 1 min read
Japan Data Response Small Business Confidence (Jan.) The renewed fall in small business confidence this month underlines the fragility of the economic recovery. 27th January 2015 · 1 min read
China Chart Pack Renminbi strength puts exporters under pressure China’s exporters continued to gain global market share last year but the recent sharp rise in the renminbi against other emerging market currencies is likely to put them under pressure in 2015. US... 27th January 2015 · 1 min read
UK Economic Outlook Will the recovery fizzle out in 2015? While the UK’s economic recovery has shown some signs of flagging recently, we think its best days may still lie ahead. Admittedly, it has depended on some unsustainable sources and the general... 26th January 2015 · 1 min read
Asia Economics Update Pakistan's rate cut likely to be the last for some time The State Bank of Pakistan (SBP) cut its policy rate by 100bp to 8.5%, the lowest since 2005, over the weekend. Although inflation and money supply growth have both slowed sharply in recent months, we... 26th January 2015 · 1 min read
Canada Data Response Consumer Prices (Dec.) December's increase in core inflation, to 2.2% from 2.1%, reflects sector-specific factors and pass-through effects of a lower Canadian dollar already judged by the Bank of Canada as temporary. The... 23rd January 2015 · 1 min read
Europe Economics Weekly Two cheers for the ECB The ECB’s Governing Council deserves credit for meeting the demandingly high level of expectations with last week’s announcement of a quantitative easing programme worth at least €1trn. The size and... 23rd January 2015 · 1 min read
US Economics Weekly Fed's patient approach at odds with incoming data While the strength of real economic growth and employment suggest that the Fed should begin to raise interest rates very soon, the mixed news on wages, the lack of any pick-up in core inflation and... 23rd January 2015 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q1 2015) Lower oil prices should provide a welcome boost to incomes, and hence consumption, in large parts of the emerging world. We are particularly upbeat about the outlook for consumers in China, India, the... 23rd January 2015 · 1 min read
Africa Chart Pack Lower oil prices to delay rate hikes, but not in Nigeria The dramatic fall in oil prices pushed inflation down in much of Sub-Saharan Africa at the end of last year, and it is likely to slow further this year. This would lead policymakers in some of the... 23rd January 2015 · 1 min read
Japan Data Response Flash Manufacturing PMI (January) The flash manufacturing PMI was virtually unchanged in January, and still points to a solid recovery in the sector. 23rd January 2015 · 1 min read
