Asia Economics Update Australia's monetary tightening has further to go The Reserve Bank of Australia (RBA) held its cash rate at 4.50% today, as expected. The external risks have increased but the RBA is still upbeat about the local outlook. GDP growth is forecast to... 6th July 2010 · 1 min read
Asia Economics Update Indonesia set to hike rates later this year Bank Indonesia (BI) left rates at 6.50% today, as expected. The economic upswing will stay strong but the high level of the rupiah is helping to hold down prices. Nevertheless, inflation will probably... 5th July 2010 · 1 min read
Asia Economics Weekly The first Bank of Korea rate hike is close The Bank of Korea (BoK) meets this week and the decision whether to hike or not looks to be finely-balanced. We expect the policy rate to be unchanged at 2.0%, although the chance of a July move is... 5th July 2010 · 1 min read
Asia Economics Update More India rate hikes on the way Today’s unscheduled Reserve Bank of India (RBI) rate hikes are a sensible and not unwelcome move. India’s economic upswing is strong and price pressures are already uncomfortably high. Further... 2nd July 2010 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank begins monetary policy tightening The widely predicted interest rate hike by the Swedish Riksbank from 0.25% to 0.5% made it thesecond western European central bank to tighten interest rates during the current cycle. But withother... 1st July 2010 · 1 min read
ECB Watch Pledging support for troubled banks With concerns about the euro-zone banking sector growing again, markets will be hoping for reassurance that the ECB will continue to provide ample liquidity. At the same time, the ECB is likely to... 1st July 2010 · 1 min read
Europe Economics Update Swedish Riksbank begins monetary policy tightening The widely predicted interest rate hike by the Swedish Riksbank from 0.25% to 0.5% made it the second western European central bank to tighten interest rates during the current cycle. But with other... 1st July 2010 · 1 min read
BoE Watch Divisions emerge, but near-term hike unlikely The Monetary Policy Committee (MPC) is getting increasingly nervous about the current rise in inflation, as evidenced by Andrew Sentance’s vote for an interest rate rise last month. However, most... 1st July 2010 · 1 min read
Asia Economics Update Thailand to start monetary tightening in Q3 Bank of Thailand (BoT) monthly indicators for May suggest that the hit to the economy from the violence in Bangkok has not been too severe, which is what we expected would be the case. Exports and... 1st July 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
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
