Nordic & Swiss Economics Update SNB adds to crop of bumper rate rises The Swiss National Bank is likely to follow today’s 75bp rate rise with further increases at its next couple of meetings to keep a lid on inflationary pressure. But we still think investors have got... 22nd September 2022 · 3 mins read
Asia Economics Update Philippines: further hikes in the near term The central bank of the Philippines (BSP) today raised its main policy rate by another 50bp (to 4.25%), and signalled that more hikes were likely in the near term. While further tightening is likely... 22nd September 2022 · 3 mins read
Latin America Economics Update Brazil: tightening cycle now over but rates to stay high The Brazilian central bank’s decision to leave the Selic rate unchanged at 13.75% after 12 consecutive hikes makes it one of the first central banks globally to bring its tightening cycle to an end... 22nd September 2022 · 3 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (September 2022) 22nd September 2022 · 1 min read
Japan Economics Update BoJ will maintain negative rates and YCC settings The Bank of Japan kept policy loose and retained its easing bias today and we think it won’t tighten policy even as underlying inflation reaches its 2% target. 22nd September 2022 · 3 mins read
Nordic & Swiss Rapid Response Swiss National Bank Policy Meeting (Sep. 2022) 22nd September 2022 · 2 mins read
US Economics Update Fed delivers a hawkish 75bp hike The Fed stuck to the script in delivering a 75bp rate hike at its September meeting, but in our view still managed to deliver a hawkish message with the accompanying projections, which imply an... 21st September 2022 · 3 mins read
Capital Daily Bond market already firmly braced for a hawkish FOMC The extent of the monetary tightening now discounted in the US ahead of today’s decision by the FOMC suggests to us that long-term Treasury yields are likely to fall back in due course. 21st September 2022 · 6 mins read
India Chart Pack RBI’s CBDC may struggle for relevance The RBI this month asked four public-sector banks to trial its central bank digital currency (CBDC) before year-end, keeping to the timeline that it set out when plans were first announced in the FY22... 21st September 2022 · 9 mins read
Africa Data Response South Africa Consumer Prices (Aug.) The fall in inflation in South Africa, to 7.6% y/y in August, marked the first sign that price pressures are turning a corner. But we doubt this will be enough to convince the Reserve Bank to scale... 21st September 2022 · 2 mins read
Australia & New Zealand Economics Update RBA recapitalisation not off the table yet Despite incurring a record loss last year and now having to operate with negative equity, the RBA has not requested a recapitalisation from the government. But given that it did receive a capital... 21st September 2022 · 4 mins read
US Chart Pack Disinflationary wave is building The Fed looks set to deliver a third consecutive 75bp rate hike tomorrow, but if we’re right that inflation will fall back soon, officials will quickly pivot to much smaller hikes. The continued drop... 20th September 2022 · 8 mins read
