India Economics Update Door for further rate cuts still open Governor Rajan opted not to follow up on March’s rate cut in today’s policy review, with the repo and the reverse repo rates kept on hold at 7.50% and 6.50% respectively. But further rate cuts are... 8th April 2015 · 1 min read
Australia & New Zealand Economics Update RBA misses a chance to weaken the dollar By deciding not to cut interest rates today from the current level of 2.25%, the Reserve Bank of Australia missed an opportunity to achieve the further weakening in the Australian dollar that it so... 8th April 2015 · 1 min read
UK Economics Chart Pack Inflation is dead, but should rise again before long For a country that has spent most of its recent history enduring high inflation, the recent release of figures showing that CPI inflation in the UK has now fallen to zero was a watershed moment. What... 7th April 2015 · 1 min read
Bank of Japan Watch BoJ to ease policy at the end of the month Recent data cast doubt on the strength of the economic recovery while inflation continues to slow. With a disappointing Shunto dashing hopes that the tight labour market would result in robust wage... 7th April 2015 · 1 min read
US Data Response Unexpected weakness a temporary blip The well below consensus 126,000 increase in non-farm payrolls in March, particularly when combined with the 69,000 downward revision to earlier gains, will raise fears that the labour market is... 4th April 2015 · 1 min read
China Economics Update Policymakers still have plenty of ammunition Growth looks likely to have slowed sharply in Q1, in spite of recent cuts to the required reserve ratio and benchmark interest rates. This has raised concerns that policymakers are now struggling to... 3rd April 2015 · 1 min read
US Economics Weekly Construction weakness due to seasonal adjustment failure At first glance, the recent monthly construction spending figures look awful. The three-month-on-three-month growth rate of residential construction spending at least climbed back into positive... 3rd April 2015 · 1 min read
Global Economics Update ECB trumps Bank of Japan? Although the asset purchase programme announced by the ECB this year is smaller than that announced by the Bank of Japan in 2013, the initial response of financial markets has, if anything, been... 3rd April 2015 · 1 min read
Europe Economics Weekly Greece & the ECB both have a lot more work to do The more detailed list of proposed reforms submitted by Greece last week potentially provided the basis for an agreement that will allow it to meet its near-term financial obligations. But the tussles... 3rd April 2015 · 1 min read
Europe Economics Update ECB March minutes will dampen talk of early QE taper The minutes of the ECB’s monetary policy meeting on 4th and 5th March should help to dampen suggestions that the recent signs of improvement in the euro-zone economy will prompt the ECB to end its... 3rd April 2015 · 1 min read
RBI Watch RBI won’t need to follow the Fed The first rate hike in the US is edging closer, but India’s dramatically improved external position and the fact that the rupee has strengthened in recent months suggest that the Reserve Bank of India... 3rd April 2015 · 1 min read
Asia Economics Weekly AIIB – what is all the fuss about? Poor infrastructure is likely to remain a key constraint on economic development across large parts of Emerging Asia over the next decade. For all the headlines, the Asian Infrastructure Investment... 3rd April 2015 · 1 min read
BoE Watch “Noflation” unlikely to prompt rate cut We think that the deflation likely to be seen in the coming months will of the “good” sort, lasting only a short while and boosting households’ spending power. So we doubt that a rate cut – as floated... 3rd April 2015 · 1 min read
Emerging Markets Economic Outlook In the footsteps of the Fed? The recent run of poor data from around the emerging world is likely to set the tone for the rest of this year. Brazil’s struggles look set to continue, Russia is likely to slip deeper into recession... 2nd April 2015 · 1 min read
Global Markets Update Will the ECB’s QE provide more fuel for euro-zone bonds? While the anticipation and launch of looser unconventional monetary policy in the euro-zone appears to have depressed the yields of bonds issued by the region’s more troubled governments, the boost... 1st April 2015 · 1 min read
Latin America Economics Update Currency rout rules out further policy easing Currencies across Latin America have continued to weaken against the dollar over the past month. Concerns that this could trigger a spate of crises in the region seem overdone. However, one... 1st April 2015 · 1 min read
