Nordic & Swiss Economics Weekly Riksbank’s dovish hike, Credit Suisse Q1 results Credit Suisse's Q1 results revealed the scale of the crisis that led to its demise, with CHF67bn of deposit outflows during the quarter. The quantum of SNB lending to Credit Suisse during the quarter... 28th April 2023 · 6 mins read
Emerging Europe Rapid Response Russia Interest Rate Announcement (Apr.) 28th April 2023 · 2 mins read
Japan Economics Update Yield Curve Control here to stay for now The Bank of Japan predicted that inflation will fall well below its 2% target in FY2025 when it kept policy settings unchanged today. And while it pledged to conduct a review into its policy measures... 28th April 2023 · 3 mins read
Australia & New Zealand Economics Weekly House prices in New Zealand will keep falling The RBNZ's proposal to ease loan-to-value ratio (LVR) restrictions is unlikely to be a panacea for New Zealand's ailing housing market. With housing still far too unaffordable for most, house prices... 28th April 2023 · 9 mins read
Africa Chart Pack Power cuts ripping through South Africa’s economy Persistent and deepening electricity outages in South Africa are wreaking economic havoc. Almost half of generating capacity was offline this month, triggering severe “loadshedding”. Output in energy... 27th April 2023 · 12 mins read
China Chart Pack Financial flows, not trade, leading CNH expansion The renminbi surpassed the US dollar to become the most-commonly-used currency in China’s cross-border transactions for the first time last month. Part of the increase – the part that has received... 27th April 2023 · 11 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Apr.) 27th April 2023 · 2 mins read
ECB Watch Deposit rate still on track for 4% peak While it is not a done deal, we think the ECB is most likely to raise its deposit rate by 50bp next week. Economic activity has been more resilient and core inflation higher than the ECB anticipated... 27th April 2023 · 8 mins read
Nordic & Swiss Central Bank Watch Another 25bp Norges Bank hike is on its way We expect the Norges Bank to follow through on its plan to raise its policy rate by 25bp next week, to 3.25%. We have pencilled in a peak of 3.5% in June but the risks are skewed towards it reaching a... 27th April 2023 · 3 mins read
Latin America Economics Update Colombia: political risks back in the spotlight The replacement of Colombia’s market-friendly finance minister José Antonio Ocampo with a close ally of President Petro is likely to lead to a sell-off in Colombia’s financial assets when markets open... 27th April 2023 · 3 mins read
Latin America Chart Pack Monetary policy stance slowly shifting The raft of inflation data over the past couple of weeks will have provided some relief for Latin American central banks, with headline rates in most countries now on a clear downward trajectory. In... 26th April 2023 · 15 mins read
US Fed Watch Rates close to peak The Fed looks set to deliver a final 25bp rate hike at the FOMC meeting next week, taking the fed funds target range to a peak of 5.00%-5.25%. Although the accompanying statement may leave open the... 26th April 2023 · 8 mins read
Asia Chart Pack Which central bank will be the next to cut? Vietnam became the first country in the region to start loosening policy when it lowered its refinancing rate at the end of March. We don’t think it will be long before other central banks in Asia... 26th April 2023 · 16 mins read
Middle East & North Africa Chart Pack IMF deals in choppy waters Balance of payments strains have prompted Egypt, Morocco and Tunisia to turn to the IMF over the past six months or so, but agreements in Egypt and Tunisia are faltering. The IMF postponed its first... 26th April 2023 · 12 mins read
