Europe Economics Update Swiss National Bank still pulling out all the stops The SNB’s pledge to go on purchasing large quantities of corporate bonds while providing generous liquidity to the banking sector and intervening ‘decisively’ in currency markets has left it among the... 18th June 2009 · 1 min read
Nordic & Swiss Economics Update Swiss National Bank still pulling out all the stops The SNB’s pledge to go on purchasing large quantities of corporate bonds while providing generous liquidity to the banking sector and intervening ‘decisively’ in currency markets has left it among the... 18th June 2009 · 1 min read
Emerging Europe Economics Update Market still underestimating scope for rate cuts (Jun 09) Aggressive cuts earlier this year mean that interest rates are nearing their trough in Turkey and the Czech Republic, while concerns over financial stability mean that the pace of easing in Hungary... 17th June 2009 · 1 min read
Europe Economics Update Norwegian interest rates may have troughed Norway’s relatively mild downturn should ensure that the latest 25bp interest rate reduction by the Norges Bank is probably the last in the current cycle. But we still think that the Bank will not... 17th June 2009 · 1 min read
Nordic & Swiss Economics Update Norwegian interest rates may have troughed Norway’s relatively mild downturn should ensure that the latest 25bp interest rate reduction by the Norges Bank is probably the last in the current cycle. But we still think that the Bank will not... 17th June 2009 · 1 min read
Asia Economics Update Bank of Japan won't lead a rush for the exit The Bank of Japan shows no signs of repeating its past mistake of tightening policy prematurely, as was the case in both 2000 and 2006. Interest rates will remain near-zero for the foreseeable future. 16th June 2009 · 1 min read
Japan Economics Update Bank of Japan won’t lead a rush for the exit The Bank of Japan shows no signs of repeating its past mistake of tightening policy prematurely, as was the case in both 2000 and 2006. Interest rates will remain near-zero for the foreseeable future. 16th June 2009 · 1 min read
Asia Economics Update BoK holds, but rate cuts still more likely than hikes The Bank of Korea (BoK) left its key interest rate unchanged today, noting that “proactive fiscal and monetary policy” measures have stabilised GDP. But despite signs of recovery, there are still... 11th June 2009 · 1 min read
US Economics Focus Will the Fed's actions eventually lead to runaway inflation? 9th June 2009 · 1 min read
Latin America Economics Update Further cuts likely, but pace of easing set to slow While Latin America’s economy is no longer in freefall, growth concerns continue to dominate policymakers’ agenda. Accordingly, further cuts in interest rates look inevitable. We are sticking to our... 5th June 2009 · 1 min read
Europe Economics Update ECB does the bare minimum By leaving interest rates on hold and simply revealing the details of previously announced modest covered bond purchases, the ECB did the least that might have been expected today. Accordingly, the... 4th June 2009 · 1 min read
UK Economics Update MPC holds fire for now, but more QE probably ahead The MPC’s decision to pause today was no surprise in the light of the announcement only last month to extend quantitative easing and recent signs of improvement in the economic data. But we still... 4th June 2009 · 1 min read
UK Economics Update MPC holds fire for now, but more QE probably ahead The MPC’s decision to pause today was no surprise in the light of the announcement only last month to extend quantitative easing and recent signs of improvement in the economic data. But we still... 4th June 2009 · 1 min read
Asia Economics Update Indonesia: more easing ahead Bank Indonesia (BI) cut its key overnight lending rate by 25bps to 7% today, in line with our and consensus expectations. While many analysts believe that rates have bottomed out, we maintain our view... 3rd June 2009 · 1 min read
Asia Economics Update RBA holds, but Australian rates still look too high The Reserve Bank of Australia (RBA) left its policy rate unchanged today as expected. But its accompanying statement struck a more dovish note than many others had anticipated. This re-enforces our... 2nd June 2009 · 1 min read
BoE Watch MPC to pause now that more QE is in train There is little reason for the Monetary Policy Committee (MPC) to alter the current course of asset purchases under its quantitative easing (QE) programme. After all, it was only last month that it... 28th May 2009 · 1 min read
