Asia Economics Update Bank Indonesia: end of tightening creeping closer Bank Indonesia today raised interest rates for a fifth consecutive meeting, but slowed the pace of tightening with a 25bp hike (to 5.50%). With inflation still well above target, the central bank has... 22nd December 2022 · 3 mins read
UK Markets Chart Pack Rise in gilt yields and sterling won’t last Even though we expect the Bank of England to raise interest rates further from 3.50% now to a peak of 4.50%, we doubt the recent increase in gilt yields will be sustained. Instead, we think yields may... 21st December 2022 · 9 mins read
US Chart Pack Falling inflation will be the big story of 2023 The November CPI report marked the second successive undershoot in inflation and there is mounting evidence that it will continue to fall sharply in 2023. (See Chart 1.) Core goods prices are coming... 21st December 2022 · 9 mins read
Canada Chart Pack Core inflation pressures still too strong for comfort The renewed rise in the three-month annualised rates of CPI-trim and CPI-median inflation in November call into question the idea that the Bank of Canada has already finished its tightening cycle... 21st December 2022 · 8 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (Dec.) 21st December 2022 · 2 mins read
Emerging Markets Economics Chart Pack Tightening cycles in their final throes Tightening cycles have been a key feature of 2022 across the emerging world, but the end is in sight as we enter 2023. Some EM central banks that began tightening early – for example Brazil, Chile and... 21st December 2022 · 8 mins read
Japan Economics Update The costs of the BoJ’s policy shift for investors The jump in bond yields and the further strengthening of the yen following the widening of the Bank of Japan’s tolerance band for 10-year JGB yields will lower the value of assets owned by Japanese... 21st December 2022 · 4 mins read
Capital Daily What the Bank of Japan’s latest surprise could mean for markets Although upward pressure on the yields of Japanese Government Bonds and on the yen could continue for a while, we’re sceptical of claims that today’s Bank of Japan decision to tweak its yield curve... 20th December 2022 · 6 mins read
Emerging Markets Economic Outlook A difficult year ahead The sharp slowdown in EM GDP growth seen in 2022 is likely to be followed by further weakness across most of the emerging world in 2023. Sluggish growth and falling inflation will at least allow... 20th December 2022 · 2 mins read
India Chart Pack Government could up the pace of reform in 2023 The government’s reform agenda struggled for momentum in 2022 as key state elections (notably in Uttar Pradesh in March and Gujarat in December) dominated the calendar, and surging food and fuel... 20th December 2022 · 8 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Dec.) 20th December 2022 · 2 mins read
Event Drop-In: The BoJ makes its move – What now for monetary policy? 1671609600 Does the Bank of Japan’s surprise announcement about changes to its yield curve control policy point to a fundamental shift in its monetary stance? Is this new regime defensible?
Africa Chart Pack Regional slowdown underway The performance of African economies diverged early this year, but the latest data provide clearer signs that growth across the region is now slowing. Economic weakness seems most pronounced in Ghana... 20th December 2022 · 10 mins read
Event The World in 2023 - What to Expect in Advanced and Emerging Economies 1673337600 Chief Global Economist Jennifer McKeown and colleagues from across our macro services held a special briefing on what to expect from major DMs and EMs in 2023.
Japan Economics Update Bank of Japan Meeting (Dec. 2022) The Bank of Japan today tweaked its Yield Curve Control (YCC) settings by widening the tolerance band around its yield target but we don’t expect it to hike its short-term policy rate anytime soon. 20th December 2022 · 3 mins read
