Nordic & Swiss Central Bank Watch Norges Bank going it alone, SNB and Riksbank on hold We expect policymakers in Norway, Switzerland, Iceland, and Sweden to all leave interest rates unchanged at their next policy meetings over the coming weeks and months. In the case of the Norges Bank... 8th May 2019 · 1 min read
Australia & New Zealand Economics Update New Zealand - RBNZ will cut again before the year is out Subdued economic growth and a softening labour market mean that today’s interest rate cut by the Reserve Bank of New Zealand will be repeated before the year is out. 8th May 2019 · 1 min read
Global Economics Update Euro-zone This Briefing is a reference guide with our latest views and forecasts for the Euro-zone economy, including the prospects for key macroeconomic and financial market variables such as gross domestic... 7th May 2019 · 1 min read
Global Economics Update United Kingdom This Briefing is a reference guide with our latest views and forecasts for the UK economy, including the prospects for key macroeconomic and financial market variables such as gross domestic product... 7th May 2019 · 1 min read
Asia Economics Update Another cut likely in Malaysia before year-end With economic growth likely to remain weak throughout 2019, today’s 25bps rate cut by the central bank in Malaysia (BNM) is likely to be followed by further easing later in the year. 7th May 2019 · 1 min read
Australia & New Zealand Economics Update RBA still likely to cut before long The Reserve Bank of Australia made only the slightest downward revisions to its forecasts when it left interest rates unchanged at 1.50% today. But it noted that further improvements in the labour... 7th May 2019 · 1 min read
India Economics Update Inflation Monitor (Apr.) Headline consumer price inflation is likely to have risen in April due to another pick up in food inflation. However, it will have remained below the RBI’s 4.0% target. That will be enough to prompt... 7th May 2019 · 1 min read
China Economics Update Four implications of the re-escalation in trade tensions President Trump has threatened an imminent expansion of tariffs against China. We expect this to result in stronger headwinds to growth, more policy easing, a weaker renminbi and a stock market rout. 6th May 2019 · 1 min read
China Economics Update Targeted RRR cut to shore up lending growth Bank lending to small firms should receive a sizeable boost from the planned reduction in the required reserve ratio for many rural banks, pushing up overall bank loan growth in the process. While... 6th May 2019 · 1 min read
US Economics Weekly Is Trump right and the Fed wrong? President Donald Trump was at his trolling best earlier in the week when he tweeted shortly before the FOMC meeting that the Fed should cut interest rates by 1% point and restart quantitative easing... 3rd May 2019 · 1 min read
Global Economics Update Turkey This Briefing is a reference guide with our latest views and forecasts for Turkey’s economy, including the prospects for key macroeconomic and financial market variables such as gross domestic product... 3rd May 2019 · 1 min read
UK Economics Weekly MPC takes a hawkish turn, Brexit hangover in Q2 The most surprising news from the Bank of England’s Inflation Report this week was not the suggestion that interest rates need to rise more quickly than the markets currently anticipate, but the... 3rd May 2019 · 1 min read
Emerging Europe Economics Weekly CBRT’s mixed messages, Polish rate expectations The Turkish central bank’s messaging to investors has become even more confused over the past week and the institution’s damaged credibility means that it will be even more difficult for policymakers... 3rd May 2019 · 1 min read
Nordic & Swiss Economics Update Burden of negative rates won’t prevent further easing Negative interest rates in Denmark, Switzerland, and Sweden impose costs on their respective banking sectors, but the overall burdens are very small – well below 0.1% of bank assets in all cases... 2nd May 2019 · 1 min read
Emerging Europe Economics Update Czech tightening cycle comes to an end The interest rate hike at today’s monetary policy meeting probably marks the end of the Czech National Bank’s tightening cycle. While we think that the currency will fail to appreciate by as much as... 2nd May 2019 · 1 min read
UK Economics Update General hawkish message from the MPC Even after the announcement of the six-month Brexit delay, there was never much chance that the MPC would raise interest rates from its current rate of 0.75% with the possibility of a no deal Brexit... 2nd May 2019 · 1 min read
