Global Economics Update Global interest rates have much further to fall Today’s coordinated half-point rate cuts from all the major central banks (except Japan, where rates were already just 0.5%) are clearly welcome and may provide a temporary boost to confidence. But we... 8th October 2008 · 1 min read
Europe Economics Update European interest rates to fall much further Today’s co-ordinated interest rate cuts by European central banks clearly demonstrate a determination to provide short-term stability to financial markets. As economic conditions continue to... 8th October 2008 · 1 min read
UK Economics Update First step on the path to historically low rates Today’s 50bps cut in UK interest rates, alongside similar moves from a number of other central banks, is likely to mark the start of a phase of aggressive monetary easing. We continue to expect UK... 8th October 2008 · 1 min read
Europe Economics Update Sharper euro-zone slowdown to push rates down to 2%. We have cut our forecasts for GDP growth and interest rates in the euro-zone alongside those in other areas. But we still believe that the region’s relative lack of major economic imbalances point to... 7th October 2008 · 1 min read
Asia Economics Update Bank of Japan on hold for a while yet The Bank of Japan’s willingness to cut interest rates even further from already exceptionally low levels, combined with the prospect of outright declines in both economic activity and prices, suggests... 7th October 2008 · 1 min read
Asia Economics Update Australia leading the way on rate cuts Today’s surprisingly large 100 basis points (bp) rate cut by the Reserve Bank of Australia (RBA) from 7.00% to 6.00% (consensus 50bp), may be the first in a series of aggressive moves from the world’s... 7th October 2008 · 1 min read
Asia Economics Update Credit crisis prompts India to loosen monetary stance Today’s surprise announcement by the Reserve Bank of India (RBI) of a 50 basis point (bp) cut in the cash reserve ratio is the latest indication that the country is not immune to the global financial... 6th October 2008 · 1 min read
UK Economics Update Forecast change: UK interest rates heading for 2.5%. Recent developments in the UK and global economies and banking sectors suggest that UK interest rates are going to have to fall even further than we had thought. We now expect rates to fall to 2.5%... 6th October 2008 · 1 min read
US Economics Weekly Growing signs of economic distress to prompt Fed into action 6th October 2008 · 1 min read
Europe Economics Update ECB to cut rates before year-end A much more dovish tone from President Trichet today suggests that the Bank will cut interest rates before the year is out. Markets are coming around to our long-held view that rates will reach 3%... 2nd October 2008 · 1 min read
BoE Watch Rates heading towards 3.5% The dramatic events of the past few weeks have changed the debate from whether the Monetary Policy Committee (MPC) will cut interest rates this year to whether it will cut them in October or November... 2nd October 2008 · 1 min read
ECB Watch Stubbornly focused on inflation risks Recent ECB communications have maintained a stubbornly hawkish tone, despite extreme tension in financial markets and growing evidence of weak activity. This month’s press statement is unlikely to... 25th September 2008 · 1 min read
