BoE Watch Another £50bn of fireworks We anticipate more monetary fireworks from the Monetary Policy Committee (MPC) at its meeting on 5th November. With the previous extension to its quantitative easing (QE) programme now complete and... 29th October 2009 · 1 min read
ECB Watch No hints of tighter policy The ECB will leave interest rates on hold at 1.0% at its November policy meeting and we do not expect it to announce any significant change in its policy of providing generous loans to the banking... 29th October 2009 · 1 min read
Asia Economics Update RBNZ in no rush to hike The Reserve Bank of New Zealand (RBNZ), as expected, left its cash rate unchanged at 2.5%. More surprisingly, the RBNZ also remained committed to keeping rates low into the second half of 2010, an... 29th October 2009 · 1 min read
Asia Economics Update Vietnam rate hikes inevitable and should be aggressive Vietnam’s central bank today confirmed that its key base rate will be left unchanged for the rest of 2009. But rate hikes look necessary from early 2010 and the policy tightening next year is likely... 28th October 2009 · 1 min read
Europe Economics Update Norges Bank becomes the third central bank to raise rates The widely anticipated decision by the Norges Bank to raise interest rates from 1.25% to 1.50% made it the third central bank to tighten monetary policy, after Israel and Australia, during the current... 28th October 2009 · 1 min read
Asia Economics Update Malaysia set for the slow lane Bank Negara, as expected, kept policy rates unchanged today and will likely keep rates low for a long time. Malaysia’s upswing is less established and inflation pressures are low, especially when... 28th October 2009 · 1 min read
Asia Economics Update Reserve Bank of India will hike soon India’s Reserve Bank (RBI) kept its key policy rates unchanged today, but also put the markets on notice to expect monetary tightening soon. Worries about the recovery are diminishing fast and the RBI... 27th October 2009 · 1 min read
Nordic & Swiss Economics Update Swedish Riksbank in no hurry to raise interest rates The Swedish Riksbank’s latest economic forecasts suggest that a tightening in monetary policy remains a long way off. This supports our view that interest rates are unlikely to rise as quickly or as... 22nd October 2009 · 1 min read
Europe Economics Update Swedish Riksbank in no hurry to raise interest rates The Swedish Riksbank’s latest economic forecasts suggest that a tightening in monetary policy remains a long way off. This supports our view that interest rates are unlikely to rise as quickly or as... 22nd October 2009 · 1 min read
Asia Economics Update Bank of Thailand to stay in the slow lane The Bank of Thailand left policy interest rates on hold at 1.25% today, as was widely expected. Although the economic recovery is gaining some traction, there is little risk that inflation will... 21st October 2009 · 1 min read
Emerging Europe Economics Update Markets still premature in pricing in rate hikes (Oct 09) Although monetary easing-cycles in much of the region are drawing to a close, we still do not expect rates to be hiked anywhere before the second half of 2010. Turkey is likely to be the first to... 16th October 2009 · 1 min read
Asia Economics Update Korean rates set to stay low The Bank of Korea (BoK) left its policy rate unchanged today, as expected. Mortgage lending curbs are tackling property bubble concerns and core inflation will likely trend lower. Korea’s GDP recovery... 9th October 2009 · 1 min read
Europe Economics Update ECB still some way from the exit The ECB’s cautious tone in the press conference following its decision to leave interest rates on hold for the sixth consecutive month supports our view that any future tightening of policy conditions... 8th October 2009 · 1 min read
UK Economics Update MPC just waiting for November’s meeting The Monetary Policy Committee (MPC) has made it clear that it wants to wait until November before re-assessing its programme of asset purchases, so today’s no-change decision was of little surprise... 8th October 2009 · 1 min read
Asia Economics Update Australian rate-tightening cycle will be modest The Reserve Bank of Australia (RBA) raised its cash rate to 3.25% today, sooner than most had expected. Markets are now pricing in further rate rises back up to a “neutral” level of 5.0-5.5% by late... 6th October 2009 · 1 min read
