Asia Economics Update Rate left on hold in Sri Lanka, but further hikes likely Mexico’s economy grew by an impressive 1.0% q/q in Q3, the strongest rate since 2014. However, with growth being driven largely by the services sector and monetary policy set to tighten further, such... 31st October 2016 · 1 min read
EM Valuations Monitor How will EM currencies react to Fed tightening? Emerging market (EM) currencies have been stable in recent months, even as the likelihood that the Fed will tighten policy in December has grown. This supports our view that EM currencies will take... 31st October 2016 · 1 min read
Latin America Chart Pack Lat Am central banks turning more dovish Central banks in several countries in Latin America are turning increasingly dovish. Policymakers in Brazil cut interest rates this month on the back of another drop in inflation and further (gradual)... 31st October 2016 · 1 min read
US Economics Weekly Fed likely to delay rate hike until December The markets are convinced that the Fed will stand pat at this week’s FOMC meeting, which concludes on Wednesday, and will instead raise interest rates at the final policy meeting of the year in mid... 28th October 2016 · 1 min read
Canada Economics Weekly Should the Bank of Canada be more transparent? The mixed messages coming from Bank of Canada Governor Stephen Poloz last week, which caused a stir in financial markets and the media, makes us wonder if, like most other major central banks, the... 28th October 2016 · 1 min read
US Data Response GDP (Q3 1st Estimate) The bigger than expected 2.9% annualised gain in third-quarter GDP confirms that the economic recovery has regained some of the momentum lost within the last year. As such, this leaves the Fed firmly... 28th October 2016 · 1 min read
Emerging Europe Economics Update Russian central bank hawkish, but large easing cycle still looms The Central Bank of Russia’s statement accompanying its decision to keep the policy rate at 10.0% today was predictably hawkish and supports our view that monetary easing will be gradual. But the... 28th October 2016 · 1 min read
Global Central Bank Watch Are political attacks on central banks just “noise”? Politicians have made increasingly strident attacks on central banks in many countries recently. But we doubt that these criticisms will lead to significant revisions to monetary policy regimes... 28th October 2016 · 1 min read
Japan Economics Weekly When will the Bank of Japan start tapering? The Bank of Japan recently abandoned its target for expansion of the monetary base but said that it would continue to buy assets at around the same rate as before. This pace of asset purchases will... 28th October 2016 · 1 min read
Australia & New Zealand Economics Weekly How fast will inflation rise? Both headline and underlying inflation in Australia will probably rise over the next year and, by boosting economic growth and reducing spare capacity, the recent leap in commodity prices raises the... 28th October 2016 · 1 min read
Bank of Japan Watch Policy rate to be lowered further At its upcoming meeting, the Bank of Japan is set to slash its inflation forecasts for the coming fiscal year and may push also back the timeframe for hitting the 2% inflation target yet again. While... 28th October 2016 · 1 min read
BoE Watch Economy’s resilience will probably stay the MPC’s hand The resilience of the economy in Q3, combined with a stronger inflation outlook, will probably be enough to persuade a majority of MPC members to leave rates unchanged at next week’s meeting. What’s... 27th October 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Sep.) September’s euro-zone money and credit data continued the positive trend of recentmonths, consistent with a further steady expansion of the economy. Nevertheless,the data suggest that inflation will... 27th October 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank set to loosen further but tide will turn before long It seems very likely that the Riksbank will extend its bond purchase programme after it stepped up its dovish rhetoric and suggested that it might even cut the repo rate further. But given our... 27th October 2016 · 1 min read
Nordic & Swiss Economics Update Norges Bank leaves policy unchanged, but rate cuts to come The Norges Bank left its key policy rate on hold today and reiterated that no change was likely in the near future. But we think that more monetary loosening will be needed in 2017. 27th October 2016 · 1 min read
RBA Watch Rate cutting cycle may not be finished yet While the third quarter inflation data suggest that there is an outside chance that the Reserve Bank of Australia will cut interest rates from 1.50% to 1.25% at its policy meeting on Tuesday 1 st... 27th October 2016 · 1 min read
