UK Economics Update Very low gilt yields are here to stay While some of the forces recently putting strong downward pressure on gilt yields may ease a bit in the coming months, the prospect of a further prolonged period of ultra-loose monetary policy... 11th August 2016 · 1 min read
Asia Economics Update Interest rates to stay low in the Philippines With the economy in good shape and inflation under control, today’s decision by the central bank inthe Philippines (BSP) to keep its main policy rate on hold at 3.0% came as no surprise. Looking ahead... 11th August 2016 · 1 min read
Europe Data Response Swedish Consumer Prices (July) Swedish inflation unexpectedly reached a fresh four-year high in July. But inflation is still below the Riksbank’s target and it is too soon to rule out further policy action. 11th August 2016 · 1 min read
Asia Economics Update Bank of Korea’s rate pause to continue The Bank of Korea (BoK) today left its policy rate unchanged at a record low of 1.25%. With fiscal stimulus in the pipeline, we think it will take another downturn in the growth outlook to convince... 11th August 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - Heading to a low of at least 1.5% in New Zealand Not only did the Reserve Bank of New Zealand today cut interest rates by 0.25% to a new record low of 2.00%, but it also suggested that rates will soon be cut again to 1.75%. In order to weaken the... 11th August 2016 · 1 min read
Nordic & Swiss Data Response Swedish Consumer Prices (Jul. 16) Swedish inflation unexpectedly reached a fresh four-year high in July. But inflation is still below the Riksbank’s target and it is too soon to rule out further policy action. 11th August 2016 · 1 min read
US Economics Update JOLT survey points to tightening labour market The latest JOLT survey suggests that labour market conditions continue to tighten, which should generate an acceleration in wage growth later this year. 10th August 2016 · 1 min read
UK Economics Update Will the BoE’s corporate bond buying make a difference? While the uncertainty generated by the EU referendum result clearly means that business investment is likely to fall in the near term, the Bank of England’s corporate bond buying scheme should help to... 10th August 2016 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Jul.) July’s high inflation reading in Egypt, of 14.0% y/y (the same as in June) confirmed that March’s devaluation of the pound is continuing to pass through into higher consumer prices. Against this... 10th August 2016 · 1 min read
Nordic & Swiss Economics Update How will the Norges Bank react to the strength of inflation? Inflation in Norway has been much stronger than the central bank forecast in June, so an interest rate cut in September looks unlikely. But we still expect inflation to fall sharply over the next 12... 10th August 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Jul.) The increase in Mexican inflation in July, to 2.7% y/y from 2.5% y/y in June, is unlikely to prompt the central bank to raise interest rates again at Thursday’s MPC meeting. But with inflation likely... 9th August 2016 · 1 min read
UK Economics Chart Pack Bank of England’s meaningful action boosts asset prices The prospect – and subsequent delivery – of monetary policy stimulus from the Bank of England in August has helped UK assets to continue their recovery from the shock of the vote to leave the EU... 9th August 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Jul.) The fall in Chilean inflation in July, coming on the back of a recent weakening in the economy, means that interest rate hikes this year are now looking unlikely. 8th August 2016 · 1 min read
Europe Commercial Property Update Lower interest rates prompt reduced return targets Fund managers have reported that they are lowering their return targets in response to the lower interest rate environment and increased competition for commercial property assets. This suggests that... 8th August 2016 · 1 min read
Japan Chart Pack Growth not strong enough to boost price pressures Weak survey evidence notwithstanding, the economy likely continued to recover in the second quarter, while the labour market has rarely been tighter. However, wage growth remains anaemic and the past... 8th August 2016 · 1 min read
