Nordic & Swiss Economics Update Swedish interest rates to fall to 3.0% by mid 2009 The decision by the Swedish Riksbank to cut interest rates to 3.75%, the second 50 basis points cut this month, clearly shows that the Bank’s full attention is now on preventing a major economic... 23rd October 2008 · 1 min read
Asia Economics Update India tries to boost investor confidence with big rate cut Today’s unexpected 100 basis point (bp) cut by the Reserve Bank of India (RBI) in the key repo lending rate, to 8.0%, is intended to boost investor and consumer confidence. But given that this is the... 20th October 2008 · 1 min read
Europe Economics Update Norges Bank cuts rates; more to come The Norges Bank’s decision to cut interest rates for the first time in more than four years was driven by the recent events in global financial markets. But with the outlook for economic activity... 15th October 2008 · 1 min read
Emerging Europe Economics Update Rate cuts won’t keep pace with ECB (Oct 08) Recent developments in the global economy and financial markets mean that growth fears will start to overtake lingering inflation concerns amongst policymakers in the region. But diminished investor... 15th October 2008 · 1 min read
Nordic & Swiss Economics Update Norges Bank cuts rates; more to come The Norges Bank’s decision to cut interest rates for the first time in more than four years was drivenby the recent events in global financial markets. But with the outlook for economic... 15th October 2008 · 1 min read
Asia Economics Update Korean interest rates to fall to 3% The Bank of Korea’s decision to cut interest rates by 25 basis points (bp) to 5% (together with a similar move by Taiwan and a further 50bp cut by Hong Kong) was not so surprising given yesterday’s... 9th October 2008 · 1 min read
Asia Economics Update China steals the show as Japan stays on hold One of the many talking points from today’s coordinated cuts in global interest rates is the fact that China quickly followed, whereas Japan left rates on hold. As it happens, the inaction from Japan... 8th October 2008 · 1 min read
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
