Europe Economics Update Riksbank finds positives despite Brexit vote The Riksbank minutes confirm a readiness to act if conditions deteriorate in the wake of the UK’s Brexit vote. But there are signs of diminishing appetite for further measures from some members. 19th July 2016 · 1 min read
Middle East & North Africa Economics Update Fresh devaluation of the Egyptian pound just a matter of time The Egyptian pound has been held steady since March’s devaluation, but persistent strains in the balance of payments mean that it needs to fall further. Recent shifts towards more orthodox... 19th July 2016 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Jun.) June’s rise should be the start of an upward trend in inflation in the wake of sterling’s referendum-related slide. But while inflation will probably breach the 2% target in a year’s time, this... 19th July 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - New LVR rules raise the chance of rates going below 2.0% Today’s announcement by the Reserve Bank of New Zealand that it intends to tighten existing loan-to-value restrictions will not only go some way to addressing the risks to financial stability posed by... 19th July 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank finds positives despite Brexit vote The Riksbank minutes confirm a readiness to act if conditions deteriorate in the wake of the UK’s Brexit vote. But there are signs of diminishing appetite for further measures from some members. 19th July 2016 · 1 min read
Africa Economics Update Nigeria: Rise in inflation has further to go Despite the sharp rise in Nigerian inflation last month, we think it will still be some time before the headline rate peaks. This will force the central bank to tighten monetary policy even in the... 18th July 2016 · 1 min read
Asia Economic Outlook Loose monetary policy to prop up growth Low interest rates should continue to support economic growth in Emerging Asia for the rest of the year. Further ahead, however, we expect regional growth to slow. Much of this slowdown will be driven... 18th July 2016 · 1 min read
UK Economics Weekly The MPC raises the stakes The Monetary Policy Committee’s surprise decision to leave policy on hold at Thursday’s meeting appears primarily to have reflected a desire to combine its remaining policy ammunition into a... 18th July 2016 · 1 min read
Japan Economics Update Is the Bank of Japan already delivering “helicopter money”? Speculation that the Bank of Japan has already embarked on “helicopter money” are wide off the mark. While we believe the measure would provide a solution to the country’s debt woes, the helicopter... 18th July 2016 · 1 min read
Australia & New Zealand Data Response New Zealand Consumer Prices (Q2) The weak tone of the CPI inflation data for the second quarter probably means that at Thursday’s unusual inter-meeting economic update the RBNZ will hint that it intends to use tighter lending... 18th July 2016 · 1 min read
Canada Economics Weekly Participation rate will fall further The decline in the unemployment rate to an 11-month low of 6.8% in June, from 7.1% as recently as April, is not as good as it looks. It went down primarily because people gave up looking for work not... 15th July 2016 · 1 min read
UK Economics Update Brexit Watch: Tentative signs of post-referendum slowdown What little data we have had so far suggest that the economy has weakened following the vote to leave the EU. Although this wasn’t enough to persuade the MPC to loosen policy in July, easing is by no... 15th July 2016 · 1 min read
Asia Economics Weekly What to expect from Emerging Asia in 2017-18 Loose monetary policy should help to limit downside risks to economic growth over the coming months across most of Emerging Asia, but further ahead we expect regional growth to slow. Much of this... 15th July 2016 · 1 min read
Europe Economics Weekly ECB’s calls for fiscal stimulus will not be heeded The ECB is set to loosen policy in the coming months. But there is a limit to how much more monetary policy alone can do for growth. In the wake of the UK’s Brexit vote, Mario Draghi’s calls for... 15th July 2016 · 1 min read
UK Markets Chart Pack Sterling slump cushions post-referendum hit to equities The UK’s surprise vote to leave the EU sent a shockwave through global markets – but parts of the subsequent post-referendum response have been more muted than previously feared. Clearly, sterling was... 15th July 2016 · 1 min read
Latin America Economics Update Chile & Peru hold interest rates, but hikes on the horizon The decisions by the Chilean and Peruvian central banks to leave monetary policy unchanged didn’t come as a surprise as, for now, the inflation picture in both economies is improving. But with... 15th July 2016 · 1 min read
