Asia Economics Update BoK holds for now, but rates have yet to bottom out The Bank of Korea (BoK) left its policy rate unchanged today, with the focus shifting to big fiscal stimulus plans and direct support for the financial sector instead. The Bank will also have been... 12th May 2009 · 1 min read
Asia Economics Update What should we make of China's concerns over QE? China is concerned that widespread adoption of quantitative easing in major economies poses a threat to exchange rate stability. But we should be wary of jumping to conclusions on what this means for... 8th May 2009 · 1 min read
China Economics Update What should we make of China’s concerns over QE? China is concerned that widespread adoption of quantitative easing in major economies poses a threat to exchange rate stability. But we should be wary of jumping to conclusions on what this means for... 8th May 2009 · 1 min read
Europe Economics Update ECB disappoints on unconventional policies The ECB continues to lag behind. Although it delivered a 25bp interest rate cut today, the unconventional policy measures also announced look very timid compared to those already adopted by other... 7th May 2009 · 1 min read
UK Economics Update MPC steps up QE, but effects still highly uncertain While the Monetary Policy Committee’s decision today to step up its programme of quantitative easing (QE) came a month earlier than we anticipated, there are still considerable uncertainties over the... 7th May 2009 · 1 min read
Europe Economics Update Norwegian interest rates unlikely to fall much further Today’s further cut in interest rates by the Norges Bank has brought rates close to their likely trough. But with the risk of deflation remaining pretty small and the economy still on track for one of... 6th May 2009 · 1 min read
Nordic & Swiss Economics Update Norwegian interest rates unlikely to fall much further Today’s further cut in interest rates by the Norges Bank has brought rates close to their likely trough. But with the risk of deflation remaining pretty small and the economy still on track for one of... 6th May 2009 · 1 min read
Asia Economics Update RBA holds for now, but rates have yet to bottom out Signs of stabilisation in the global economy and in domestic confidence convinced the Australian central bank to hold its policy rate steady today. But we feel the RBA is underestimating the weakness... 5th May 2009 · 1 min read
BoE Watch QE to be extended, but not yet The Monetary Policy Committee (MPC) is likely to maintain its current course at its May policy meeting, leaving interest rates unchanged at 0.5% and voting to complete the £75bn programme of asset... 30th April 2009 · 1 min read
ECB Watch Is the ECB ready to take the plunge into QE? The ECB is almost certain to cut interest rates by 25 basis points to 1% this month, where they should remain for some time. But after last month’s hints that further unconventional policies could be... 30th April 2009 · 1 min read
Europe Economics Update ECB: Taylor rule points to much bigger stimulus needed The Financial Times recently reported that, according to internal analysis prepared for the Fed’s last policy meeting, the ‘ideal’ interest rate in the US should be minus 5%. The analysis was based on... 28th April 2009 · 1 min read
Asia Economics Update Misplaced optimism in India India’s central bank seems remarkably sanguine about the economic outlook given that even the country’s more optimistic firms are struggling to raise funds for investment and the next government will... 21st April 2009 · 1 min read
Europe Economics Update Sweden likely to join the unconventional club soon The Swedish Riksbank’s decision to commit to a prolonged period of low interest rates to help kick start the economy is clearly a step in the right direction, but this alone may not be enough. We... 21st April 2009 · 1 min read
Nordic & Swiss Economics Update Sweden likely to join the unconventional club soon The Swedish Riksbank’s decision to commit to a prolonged period of low interest rates to help kick start the economy is clearly a step in the right direction, but this alone may not be enough. We... 21st April 2009 · 1 min read
