Latin America Economics Update Brazil Central Bank signals Selic on hold for time being The Central Bank of Brazil kept interest rates on hold at 11% last night and the accompanying statement gave a strong signal that rates are likely to be left unchanged over the coming months. We don’t... 4th September 2014 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank still fighting deflationary threat Sweden’s central bank today left its main policy rate on hold at 0.25% and reiterated that interestrates would not start to rise until late 2015 as it continues its fight to stave off deflation. But... 4th September 2014 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank still fighting deflationary threat Sweden’s central bank today left its main policy rate on hold at 0.25% and reiterated that interestrates would not start to rise until late 2015 as it continues its fight to stave off deflation. But... 4th September 2014 · 1 min read
Europe Chart Pack Deflation threat raises pressure on the ECB August’s fall in euro-zone HICP inflation from 0.4% to 0.3% left it at its lowest rate sinceOctober 2009, when it was negative, and well beneath the ECB’s target of “below, but closeto, 2%”. What’s... 3rd September 2014 · 1 min read
Canada Economics Update Bank of Canada rightly remains neutral on rates The Bank of Canada's neutral policy statement on the rate outlook showed that it isn't concerned about the recent uptick in inflation, since this is due to temporary factors rather than any... 3rd September 2014 · 1 min read
Emerging Europe Economics Update Polish MPC signals rate cuts The Polish MPC made it pretty clear at today’s post-meeting press conference that subdued growth and extremely low inflation mean that interest rates will be lowered over the coming months. For now... 3rd September 2014 · 1 min read
Africa Economics Update Interest rate hikes still on the cards in Kenya The Central Bank of Kenya (CBK) kept its benchmark interest rate unchanged at 8.50% today, but the weakness of the shilling and the likelihood of a further rise in inflation mean that rate hikes are... 3rd September 2014 · 1 min read
Asia Economics Update Australian rates to stay low for longer than generally thought The Reserve Bank of Australia (RBA) kept its policy rate on hold at 2.5% at its meeting today, as widely expected. With recent data weak, most analysts have reined in their expectations for policy... 2nd September 2014 · 1 min read
Middle East & North Africa Economics Update Egypt: interest rates on hold, further tightening unlikely The Egyptian central bank’s decision to keep interest rates on hold today appears to confirm that July’s rate hike was a one-off in response to higher inflation following the government’s recent... 1st September 2014 · 1 min read
UK Economics Update Monetary Indicators Monitor (Aug.) Continued moderate growth in broad money and bank lending indicates that there is still no pressingneed for the Monetary Policy Committee to raise interest rates quickly over the next year or so. 1st September 2014 · 1 min read
Latin America Economics Update Colombian tightening cycle nearing the end Colombian policymakers increased interest rates by 25bp to 4.50% on Friday but we think that the current tightening cycle is drawing to a close. The pace of economic growth is likely to slow over the... 1st September 2014 · 1 min read
Bank of Japan Watch How important is the second sales tax hike to the BoJ? Despite the recent run of weak data, the Bank of Japan may strike a more positive tone about the economy at its meeting this week, while leaving policy settings unchanged. This would dampen hopes of... 1st September 2014 · 1 min read
Europe Economics Weekly Weak data increase the chance of ECB QE Events last week gave support to our long-held view that the ECB will have to take the plunge and launch a full-blown quantitative easing programme in the coming months. Survey data added to mounting... 29th August 2014 · 1 min read
Africa Chart Pack Weaker growth looms for twin deficit countries Ghana’s authorities bowed to the inevitable earlier this month by formally requesting assistance from the IMF in dealing with the country’s enormous twin budget and current account deficits. This... 29th August 2014 · 1 min read
Latin America Chart Pack Mexico turning the corner The past month has brought signs that Mexico’s economy is finally turning the corner. latestdata suggest that the Mexican economy has turned the corner. GDP expanded by a seasonally-adjusted 1.0% q/q... 28th August 2014 · 1 min read
BoE Watch Weak inflation affords MPC more time We doubt that new dissenters Martin Weale or Ian McCafferty will manage to persuade any of the other seven MPC members to vote to raise interest rates at September’s meeting. The recent weakness of... 28th August 2014 · 1 min read
