Asia Economics Update Korean policy rates set to stay low The Bank of Korea left its policy rate unchanged today. Economic recovery and concerns over incipient asset bubbles in the housing and equity markets have led some to expect policy rates to rise later... 11th August 2009 · 1 min read
UK Economics Update How fast does broad money need to grow? The Monetary Policy Committee (MPC) has recently put great store in the broad money figures as a measure of the effectiveness of its quantitative easing (QE) policy. Its preferred measure of money is... 10th August 2009 · 1 min read
Europe Economics Update ECB holds its line After leaving interest rates unchanged at 1.0% at it August meeting, President Trichet suggested that the ECB is unlikely to adopt new measures to stimulate the economy in the immediate future. We... 6th August 2009 · 1 min read
UK Economics Update Extra £50bn shows MPC prepared to do all that it takes The fact that the Monetary Policy Committee (MPC) extended its policy of asset purchases by another £50bn at today’s meeting no doubt reflected the limited impact of quantitative easing (QE) so far... 6th August 2009 · 1 min read
UK Economics Update Extra £50bn shows MPC prepared to do all that it takes The fact that the Monetary Policy Committee (MPC) extended its policy of asset purchases by another £50bn at today’s meeting no doubt reflected the limited impact of quantitative easing (QE) so far... 6th August 2009 · 1 min read
Asia Economics Update Focus turns to timing the first rate hike in Indonesia Bank Indonesia cut its key overnight lending rate by 25bps to 6.5% today as we and the consensus expected. While the accompanying statement leaves the door open for further cuts we think that rates... 5th August 2009 · 1 min read
Asia Economics Update Australian rates have bottomed out The Reserve Bank of Australia (RBA) left its policy rate unchanged at 3.0% today as expected. The accompanying statement struck a more hawkish note than previous releases and markets are pricing in a... 4th August 2009 · 1 min read
ECB Watch ECB sticking to its guns The ECB looks set to leave interest rates on hold at 1.0% at its August policy meeting and is very unlikely to announce any new measures to stimulate the economy. The Bank is biding its time for now... 30th July 2009 · 1 min read
BoE Watch Inflation Report to show more QE needed The fact that the Monetary Policy Committee (MPC) chose not to extend its quantitative easing (QE) programme at July’s meeting has been taken by some as a sign that it thinks that a sufficient amount... 30th July 2009 · 1 min read
Asia Economics Update Reserve Bank of India turns its mind to inflation risks India’s central bank is increasingly concerned about inflation risks, raising the likelihood that it will hike interest rates before the end of the year. 28th July 2009 · 1 min read
Asia Economics Update Bank of Thailand to stay on hold throughout 2010 The Bank of Thailand (BoT) today left its overnight rate on hold at 1.25%. Its statement was neutral, but Thai markets are still pricing in policy rate hikes over the next year. We expect rates to... 15th July 2009 · 1 min read
Emerging Europe Economics Update Rates set to fall as confidence edges up (Jul 09) Signs of a pick-up in investor confidence means Hungary could resume its monetary-easing cycle later this month, with a further cut in rates also likely in Romania. Elsewhere, we still see room for... 15th July 2009 · 1 min read
UK Economics Focus The hardest part of QE is yet to come We do not think that reversing quantitative easing (QE) is an immediate concern for the Bank of England. Not only will the large amount of spare capacity keep inflationary pressures subdued for some... 13th July 2009 · 1 min read
