Nordic & Swiss Data Response Norway Policy Rate Decision (May) Today’s decision by the Norges Bank to leave its policy rate on hold at 1.00% is just a brief pause in its tightening cycle, with another hike now almost certain in June. With core inflation set to... 9th May 2019 · 1 min read
Latin America Economics Update Brazilian central bank looking through inflation rise Copom’s statement from last night’s meeting highlighted that policymakers are not troubled at all by the recent jump in inflation and, rightly in our view, see it as temporary. If anything, they are... 9th May 2019 · 1 min read
China Data Response Bank Lending & Broad Credit (Apr.) The slowdown in credit growth last month underlines the need for further monetary policy easing in order to keep credit expanding fast enough to provide a floor to economic growth. 9th May 2019 · 1 min read
Nordic & Swiss Economics Focus SNB to cut interest rates further into negative territory If the ECB re-starts QE next year, as we think is likely, the resulting upward pressure on the Swiss franc would stoke deflationary fears at the Swiss National Bank (SNB) and prompt a policy response... 8th May 2019 · 1 min read
Asia Economics Update Bank of Thailand to leave rates on hold this year Despite the downbeat outlook for Thailand’s economy, the central bank (BoT) left interest rates unchanged at its meeting today. Continued concerns over risks in the financial sector mean that it is... 8th May 2019 · 1 min read
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
