ECB Watch Maintaining narrow focus on bank lending The ECB looks almost certain to leave interest rates on hold at 1.0% this month, where we expect them to remain until at least the end of 2010. There is little hope that any new unconventional policy... 25th June 2009 · 1 min read
Asia Economics Update Chinese demand no panacea for Taiwan Taiwanese interest rates have probably bottomed out. But despite optimism about improving economic relations with China, weaknesses closer to home are likely to keep rates at their current level for a... 25th June 2009 · 1 min read
Europe Economics Update Swiss National Bank still pulling out all the stops The SNB’s pledge to go on purchasing large quantities of corporate bonds while providing generous liquidity to the banking sector and intervening ‘decisively’ in currency markets has left it among the... 18th June 2009 · 1 min read
Nordic & Swiss Economics Update Swiss National Bank still pulling out all the stops The SNB’s pledge to go on purchasing large quantities of corporate bonds while providing generous liquidity to the banking sector and intervening ‘decisively’ in currency markets has left it among the... 18th June 2009 · 1 min read
Emerging Europe Economics Update Market still underestimating scope for rate cuts (Jun 09) Aggressive cuts earlier this year mean that interest rates are nearing their trough in Turkey and the Czech Republic, while concerns over financial stability mean that the pace of easing in Hungary... 17th June 2009 · 1 min read
Europe Economics Update Norwegian interest rates may have troughed Norway’s relatively mild downturn should ensure that the latest 25bp interest rate reduction by the Norges Bank is probably the last in the current cycle. But we still think that the Bank will not... 17th June 2009 · 1 min read
Nordic & Swiss Economics Update Norwegian interest rates may have troughed Norway’s relatively mild downturn should ensure that the latest 25bp interest rate reduction by the Norges Bank is probably the last in the current cycle. But we still think that the Bank will not... 17th June 2009 · 1 min read
Asia Economics Update Bank of Japan won't lead a rush for the exit The Bank of Japan shows no signs of repeating its past mistake of tightening policy prematurely, as was the case in both 2000 and 2006. Interest rates will remain near-zero for the foreseeable future. 16th June 2009 · 1 min read
Japan Economics Update Bank of Japan won’t lead a rush for the exit The Bank of Japan shows no signs of repeating its past mistake of tightening policy prematurely, as was the case in both 2000 and 2006. Interest rates will remain near-zero for the foreseeable future. 16th June 2009 · 1 min read
Asia Economics Update BoK holds, but rate cuts still more likely than hikes The Bank of Korea (BoK) left its key interest rate unchanged today, noting that “proactive fiscal and monetary policy” measures have stabilised GDP. But despite signs of recovery, there are still... 11th June 2009 · 1 min read
US Economics Focus Will the Fed's actions eventually lead to runaway inflation? 9th June 2009 · 1 min read
Latin America Economics Update Further cuts likely, but pace of easing set to slow While Latin America’s economy is no longer in freefall, growth concerns continue to dominate policymakers’ agenda. Accordingly, further cuts in interest rates look inevitable. We are sticking to our... 5th June 2009 · 1 min read
Europe Economics Update ECB does the bare minimum By leaving interest rates on hold and simply revealing the details of previously announced modest covered bond purchases, the ECB did the least that might have been expected today. Accordingly, the... 4th June 2009 · 1 min read
UK Economics Update MPC holds fire for now, but more QE probably ahead The MPC’s decision to pause today was no surprise in the light of the announcement only last month to extend quantitative easing and recent signs of improvement in the economic data. But we still... 4th June 2009 · 1 min read
UK Economics Update MPC holds fire for now, but more QE probably ahead The MPC’s decision to pause today was no surprise in the light of the announcement only last month to extend quantitative easing and recent signs of improvement in the economic data. But we still... 4th June 2009 · 1 min read
