China Economics Update Where are interest rates heading? What should we make of speculation that interest rates could soon be hiked? Rates have been rising in much of emerging Asia for a while and we believe that rate increases would be a good idea for... 30th September 2010 · 1 min read
ECB Watch ECB in danger of slipping behind The euro-zone economy as a whole might be faring better than others for now, but strains in the region’s periphery have continued to mount. The ECB will provide reassurance after its forthcoming... 30th September 2010 · 1 min read
Asia Economics Update Domestic demand leading Thailand's growth Today’s batch of August data highlight the continued slowdown in manufacturing, which is heavily focused on exports production. The easing in this area is not over but domestic demand is well-placed... 30th September 2010 · 1 min read
Asia Economics Update Taiwan's tightening cycle has probably run its course Following today’s expected rate hike, the outlook for monetary policy in Taiwan depends largely on what happens to property prices. We think there is a good chance rates will return to being on hold. 30th September 2010 · 1 min read
BoE Watch MPC edging towards more QE Signs that the economic recovery is fading have prompted the Monetary Policy Committee(MPC)to move slightly closer to providing the economy with more stimulus. Indeed, a three way split vote looks... 30th September 2010 · 1 min read
Bank of Japan Watch Yen intervention not yet a significant monetary tool The recent currency intervention by the Bank of Japan was almost certainly not the major shift in monetary policy that many seem to assume. The move was ordered by the Ministry of Finance and the... 29th September 2010 · 1 min read
Asia Economics Update Pakistan continues to make the right moves Pakistan’s central bank (SBP) today lifted its discount rate by 50bp to 13.5%, as was expected. Rates will probably be increased again later this year but 14% should be the peak. 29th September 2010 · 1 min read
Emerging Europe Economics Update Russian rates on hold, policymakers remain dovish The Central Bank of Russia (CBR) kept its key interest rates unchanged earlier today and issued a dovish accompanying statement. But in reality official interest rates have little bearing on market... 29th September 2010 · 1 min read
UK Economics Update What else can the MPC buy? The Monetary Policy Committee (MPC) may soon relaunch its programme of quantitative easing (or QE). But this time around, the Committee could buy a rather wider range of assets. 28th September 2010 · 1 min read
Asia Economics Update Vietnam should compromise on growth and target stability September data and Q3 GDP published over the last few days show that the economy in Vietnam is picking up speed. This contrasts with just about everywhere else in ASEAN where growth is losing rather... 27th September 2010 · 1 min read
Asia Economics Weekly Australia's cash rate set to rise in October Commentary from the Reserve Bank (RBA) over recent days makes it clear that Australia’s cash rate will move up again soon. Accordingly, we have brought forward our forecast and now expect a 25bp hike... 27th September 2010 · 1 min read
Emerging Europe Economics Update Czech rates on hold, still in no rush to tighten The Czech National Bank (CNB) kept interest rates unchanged at 0.75% earlier today, as expected. But the news that one Board member voted for a rate hike will lead to much debate over the future pace... 23rd September 2010 · 1 min read
UK Data Response MPC Minutes (Sep.) The Minutes of September’s MPC meeting suggested that the arguments proposed by doves on the Committee are gaining greater currency with the other members. The chances of additional monetary policy... 22nd September 2010 · 1 min read
UK Data Response MPC Minutes (Sep.) The Minutes of September’s MPC meeting suggested that the arguments proposed by doves on the Committee are gaining greater currency with the other members. The chances of additional monetary policy... 22nd September 2010 · 1 min read
Emerging Europe Economics Update Still in no rush to tighten (Sep 10) Growth in some economies in the region is starting to look impressive but underlying inflation pressures remain benign and concerns over the durability of the global recovery will keep policymakers... 20th September 2010 · 1 min read
