UK Data Response MPC Minutes (Jun.) The minutes of June’s Monetary Policy Committee (MPC) meeting showed that a divide is starting to open up about the risks to the inflation outlook. But most members still seem to believe that the... 23rd June 2010 · 1 min read
UK Data Response MPC Minutes (Jun.) The minutes of June’s Monetary Policy Committee (MPC) meeting showed that a divide is starting to open up about the risks to the inflation outlook. But most members still seem to believe that the... 23rd June 2010 · 1 min read
Emerging Europe Economics Update Hungary holds rates once again, but still no hikes in sight There are increasing signs that Hungarian policymakers have reached the end of the monetary easing cycle. But with the economy facing a tough time over the coming years, inflation pressures will be... 21st June 2010 · 1 min read
Emerging Europe Economics Update Markets still overstating pace of tightening (Jun 10) Marek Belka was recently sworn in as the new President of the National Bank of Poland, and his impressive credentials as a former head of the IMF’s European Department make him a safe pair of hands... 18th June 2010 · 1 min read
Nordic & Swiss Economics Update SNB to scale back currency intervention The SNB’s hints that it will scale back its currency intervention suggest that the franc is set to appreciate more sharply and interbank interest rates should rise back towards the Bank’s target of 0... 17th June 2010 · 1 min read
Europe Economics Update SNB to scale back currency intervention The SNB’s hints that it will scale back its currency intervention suggest that the franc is set to appreciate more sharply and interbank interest rates should rise back towards the Bank’s target of 0... 17th June 2010 · 1 min read
Europe Economics Update How far is Swiss intervention propping up the euro? Speculation that the Swiss National Bank’s (SNB’s) currency intervention has stemmed the decline in the trade-weighted euro seems overplayed. But the SNB’s struggle to prevent the franc surging... 16th June 2010 · 1 min read
Japan Economics Update Bank of Japan sacrifices a little credibility The Bank of Japan’s new loan scheme is essentially a tool of industrial policy (and a clumsy one at that) rather than a significant easing of monetary conditions. As such, it will not help the Bank’s... 15th June 2010 · 1 min read
Latin America Economics Update Two-speed tightening cycle underway With the recovery well underway in most parts of Latin America the monetary tightening cycle has begun in some parts of the region. Policymakers in Brazil are in the midst of an aggressive tightening... 14th June 2010 · 1 min read
Asia Economics Update India set to hike rates again soon Data from India released today, and late last week, showed that inflation pressures have picked up again while the economic upswing has stayed strong. Further monetary tightening is only a matter of... 14th June 2010 · 1 min read
China Economics Update Diminishing inflation threat should keep rates on hold Consumer price inflation has just edged above 3% but with price pressures still low and output growth already slowing, there is no pressing need to tighten policy. Indeed, we no longer expect interest... 11th June 2010 · 1 min read
Europe Economics Update ECB maintains a dovish stance The ECB maintained a supportive stance today, treating signs of an economic recovery with caution. While the Bank seems unlikely to resort to outright quantitative easing for now, sterilised bond... 10th June 2010 · 1 min read
UK Economics Update Rising inflation unlikely to scare MPC into rate hikes The lower path of public borrowing projected by the Office for Budget Responsibility might seem to relieve some of the pressure for an additional fiscal tightening in next week’s Budget. But we don’t... 10th June 2010 · 1 min read
Asia Economics Update Korea will probably start to tighten in Q3 The Bank of Korea (BoK) left its policy rate at 2.0% today, as expected. The turmoil in the markets and the European debt crisis weighed heavily in the decision to stay on hold. However, the local... 10th June 2010 · 1 min read
