Asia Economics Update Taiwan: tightening cycle at an end Taiwan’s central bank today raised its main policy rate by 12.5bps (to 1.75%) but with inflation easing and growth set to struggle, we expect this hike to have marked an end to the tightening cycle. 15th December 2022 · 3 mins read
Nordic & Swiss Economics Update Only one more hike to come from the Norges Bank Today’s 25bp rate increase by the Norges Bank, to 2.75%, takes it very close to the end of its tightening cycle. But we think the Bank is a long way from pivoting to loosening policy. 15th December 2022 · 3 mins read
Asia Economics Update Philippines: tightening cycle nearing an end The central bank in the Philippines today raised its main policy rate by 50bps (to 5.50%), but with Governor Felipe Medalla sounding more dovish than expected on inflation, we think the tightening... 15th December 2022 · 3 mins read
Nordic & Swiss Rapid Response Swiss National Bank Policy Meeting (Dec. 2022) 15th December 2022 · 2 mins read
Nordic & Swiss Rapid Response Norges Bank Policy Announcement (December 2022) 15th December 2022 · 2 mins read
US Economics Update The Fed strikes back Despite the increasingly compelling evidence that core inflation will fall sharply next year, the Fed doubled down on its hawkishness today. We now expect two 25bp hikes from the Fed next year, with... 14th December 2022 · 3 mins read
Latin America Chart Pack Peru engulfed in chaos Peru’s newly-inaugurated President Boluarte’s call to bring forward the next general election to 2024 has failed to pacify protesters who took to the streets following the impeachment of President... 14th December 2022 · 11 mins read
Asia Economic Outlook Rate cuts in 2023 as growth slows Economic growth will slow sharply in most of the region in 2023 as higher interest rates and weaker exports drag on demand. Our GDP growth forecasts are below consensus in most countries. With... 13th December 2022 · 3 mins read
Middle East & North Africa Economic Outlook Oil sectors to fuel Gulf slowdown Growth across the Middle East and North Africa is set to slow sharply, and by more than most expect, next year. Oil output cuts will weigh on the Gulf even as fiscal policy stays loose. And while IMF... 13th December 2022 · 3 mins read
US Data Response Consumer Prices (Nov.) The Fed will still hike its policy rate by 50bp tomorrow and the new projections could show the peak in rates above 5%, but the 0.2% m/m increase in core consumer prices in November provides strong... 13th December 2022 · 2 mins read
Bank of Japan Watch Policy tightening unlikely despite soaring inflation We expect the Bank of Japan to stick to its assessment that the recent surge in inflation won’t be sustained at the upcoming meeting. Accordingly, the Bank won’t respond with tighter policy. 13th December 2022 · 8 mins read
Emerging Europe Economic Outlook Winter recession in motion Emerging European economies are set for recessions this winter as the impact of high inflation, tight financial conditions and weakening external demand take their toll. Our GDP forecasts for 2023 are... 12th December 2022 · 3 mins read
Australia & New Zealand Economic Outlook Central banks will reverse course as growth stalls Soaring interest rates and weak real income growth will result in a more pronounced slowdown in economic activity in both countries than most anticipate. With New Zealand’s central bank determined to... 12th December 2022 · 26 mins read
