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
Global Economics Focus Does QE work? The launch of “full blown” quantitative easing by the ECB this year has been greeted enthusiastically by financial markets. However, the global track record of QE since it was first adopted by the... 1st April 2015 · 1 min read
Japan Economics Focus “Abenomics” needs a fresh boost Japan’s economic recovery was dealt a severe blow by last year’s sales tax hike, and we think that the immediate outlook for growth is more gloomy than most believe. With inflation well below the 2%... 31st March 2015 · 1 min read
China Economics Focus Outlook for China has actually brightened The recent news on China's economy has been generally downbeat. But less attention has been paid to some encouraging structural shifts which mean that the risks of a slump in growth have diminished... 27th March 2015 · 1 min read
Canada Economics Update Bank of Canada in no hurry to cut rates The speech earlier today by Bank of Canada Governor Stephen Poloz and his remarks during the press release shortly afterwards suggest that the Bank isn't in any hurry to cut rates further. Accordingly... 26th March 2015 · 1 min read
Latin America Chart Pack Currency sell-off puts paid to further policy loosening Currencies in Latin America have regained some ground over the past week, but have still typically fallen by between 10-20% against the dollar over the past six months. The risk that the slide in... 26th March 2015 · 1 min read
Africa Economics Update Kganyago paves way for South Africa rate hike Policymakers in South Africa kept interest rates on hold today, but the governor’s statement took a notably more hawkish tone that seemingly paved the way for rate hikes at the next meeting in May. It... 26th March 2015 · 1 min read
Emerging Europe Economics Update Czech MPC keeps policy unchanged, but hints at loosening Having kept its two-week repo rate unchanged at 0.05% and maintained its exchange rate ceiling of 27/€ earlier today, the Czech MPC’s accompanying statement struck a markedly dovish note. As a result... 26th March 2015 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Feb.) February’s euro-zone monetary data add to the evidence from activity surveys that economic growth in the euro-zone will pick up in the coming months. But troubles in the Greek banking sector remain a... 26th March 2015 · 1 min read
