UK Economics Update Household Borrowing Monitor (Apr.) Growth in household borrowing is beginning to strengthen in response to record-low lending rates and high levels of confidence. And since this revival is coming from a low base and household incomes... 2nd June 2015 · 1 min read
India Economics Update Rate-cutting cycle has a little further to run Today's decision by the Reserve Bank of India (RBI) to cut the repo rate for the third time this year to 7.25% is unlikely to be the last in the current loosening cycle. But the RBI can't be... 2nd June 2015 · 1 min read
Australia & New Zealand Economics Update Weakening outlook will prompt RBA to act again We suspect that today’s decision by the Reserve Bank of Australia (RBA) to leave interest rates on hold at 2.0% is nothing more than a pause in the loosening cycle that could yet result in rates... 2nd June 2015 · 1 min read
Global Central Bank Watch More QE and policy divergence on the cards Two themes are likely to dominate global monetary policy over the next couple of years. First, policy in advanced economies in aggregate looks set to remain ultra-loose as the ECB and BoJ persist with... 29th May 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) April’s euro-zone monetary data suggest that the region’s economic recovery will continue. But the continued lack of an agreement between Greece and its creditors poses a significant risk to the... 29th May 2015 · 1 min read
Europe Data Response Swedish & Danish GDP (Q1) The slowdown in Swedish GDP growth in Q1 came as little surprise after its sharp rise in Q4. But although the economy is still expanding, the breakdown was less than encouraging. Together with the... 29th May 2015 · 1 min read
BoE Watch Deflation and overseas risks to keep rate rise at bay Since June’s meeting of the Monetary Policy Committee (MPC) comes just three weeks after the publication of the latest Inflation Report and recent data have not challenged its view that inflation will... 28th May 2015 · 1 min read
Asia Chart Pack Indonesia still looks vulnerable Today’s handover from military to civilian rule in Myanmar marks another welcome step forward in the country’s political development. But the new government must overcome a number of major challenges... 28th May 2015 · 1 min read
ECB Watch ECB to keep foot hard on the QE pedal While no policy changes are in prospect at the ECB Governing Council meeting on 3rd June, markets will be watching closely for President Mario Draghi’s latest thoughts on the effectiveness of the Bank... 28th May 2015 · 1 min read
Asia Data Response Philippines GDP (Q1) The Philippines economy expanded at its weakest pace in more than three years in Q1, largely owing to a slowdown in export growth. However, we do not see cause for too much alarm. Exports are likely... 28th May 2015 · 1 min read
Canada Economics Update Bank of Canada signals no change in rate outlook The Bank of Canada's policy statement this morning showed that it remains confident in its optimistic growth outlook and believes that the January rate cut was enough insurance against the oil price... 27th May 2015 · 1 min read
US Economics Update Monetary Indicators Monitor (Apr.) Broad money growth has slowed slightly, with the annual growth rate of our M3 measure falling to a six-month low of 5.6% in April. More importantly, however, the growth rate of bank loans continues to... 27th May 2015 · 1 min read
Middle East & North Africa Chart Pack Saudi Arabia and Egypt follow divergent paths The latest activity data suggest that the MENA region’s two largest economies, Saudi Arabia and Egypt, have headed in opposite directions at the start of 2015. After recording strong growth last year... 27th May 2015 · 1 min read
UK Economics Focus The UK economy after the election While the Conservatives’ victory removed some of the uncertainty hanging over the economy, it has some more worrying implications – such as the renewed fiscal squeeze and the EU referendum. But we... 27th May 2015 · 1 min read
Europe Economics Focus Has the ECB saved the euro-zone again? After saving the day with its pledge to “do whatever it takes” in 2012, the ECB has arguably now brought on a recovery with its quantitative easing programme. But we expect the policy’s effects to... 27th May 2015 · 1 min read
Emerging Europe Economics Update Window for further Hungarian rate cuts is closing 26th May 2015 · 1 min read
