UK Economics Update Fiscal uncertainty keeps MPC on hold Political uncertainty no doubt played a large part in the decision by the Monetary Policy Committee (MPC) to keep policy unchanged today. But with a large fiscal squeeze looming - whatever government... 10th May 2010 · 1 min read
UK Economics Update Fiscal uncertainty keeps MPC on hold Political uncertainty no doubt played a large part in the decision by the Monetary Policy Committee (MPC) to keep policy unchanged today. But with a large fiscal squeeze looming - whatever government... 10th May 2010 · 1 min read
Asia Economics Weekly Malaysia set to tighten again Malaysia’s central bank (BNM) will probably raise policy interest rates again this week, provided the debt crisis in the euro-zone periphery and the disorder in the markets does not escalate further... 10th May 2010 · 1 min read
Europe Economics Update ECB trying to provide reassurance The ECB is trying to inject calm amid the fiscal turmoil, maintaining a dovish stance after leaving interest rates at 1%. Some might have been disappointed that there were no hints of further... 6th May 2010 · 1 min read
Emerging Europe Economics Update Czech interest rates to stay at record lows into 2011 Today’s surprise interest rate cut in the Czech Republic reflects the ongoing lack of underlying inflation pressures in the economy, and lends further support to our view that rates are likely to... 6th May 2010 · 1 min read
Europe Economics Update Will the ECB be forced to adopt QE? With the impending bailout failing to reduce Greek bond yields and concerns spreading to other peripheral economies, some have suggested that the ECB might yet step in and buy government bonds itself... 6th May 2010 · 1 min read
Emerging Europe Economics Update Where now for Romanian interest rates? While the National Bank of Romania appears to be reaching the end of its current easing cycle, with the economic recovery still facing significant headwinds, rate hikes remain a distant proposition. 5th May 2010 · 1 min read
BoE Watch Fiscal uncertainty to keep MPC on hold May’s Monetary Policy Committee (MPC) meeting comes just before the publication of the next Inflation Report, making a change of policy slightly more likely than in the past couple of months. However... 5th May 2010 · 1 min read
Asia Economics Update Indonesia to delay rate hikes further Bank Indonesia (BI) left rates at 6.50% today, as expected. The upswing will stay strong but the high level of the rupiah is helping to keep inflation pressures contained. We now expect the first rate... 5th May 2010 · 1 min read
Asia Economics Update Australia rates to move still higher The Reserve Bank of Australia (RBA) lifted its cash rate to 4.50% today, as expected. Policy rates should move from neutral to being restrictive over the next 12 months, although rate hikes from now... 4th May 2010 · 1 min read
Asia Economics Weekly Australia to tighten again Australia’s Reserve Bank (RBA) meets on Tuesday and, although it is a close call, will probably lift the cash rate again by 25bp to 4.50%. This is now the markets’ view too. The economy is moving from... 3rd May 2010 · 1 min read
Japan Economics Update Bank of Japan leaves door open for further easing Despite revising its growth and inflation forecasts higher, the Bank of Japan signalled today that it accepts more monetary support will be required to sustain the recovery. We are not sure that the... 30th April 2010 · 1 min read
China Economics Update Interest rates likely to remain on hold until Q4 Events in China and Europe this month have reduced the chances that China will raise interest rates in May, as we had expected. A first hike may now wait until the fourth quarter. 30th April 2010 · 1 min read
UK Economics Update Macroprudential toolkit could help interest rates stay low While all main parties look set to leave the current inflation-targeting regime in place, all seem agreed on the need for some form of so-called “macroprudential” toolkit. New tools to control asset... 29th April 2010 · 1 min read
ECB Watch Greek turmoil adds to ECB caution Any earlier suspicions that ECB interest rate hikes might have been on the horizon have surely been blown away by the Greek crisis. For now, the recovery in the broader euro-zone economy seems to have... 29th April 2010 · 1 min read
Asia Economics Update New Zealand set to hike policy rates soon The Reserve Bank of New Zealand (RBNZ) held its cash rate at 2.50% overnight, as expected. In its guidance on future moves, the RBNZ stated that it would tighten in “coming months”, which means either... 29th April 2010 · 1 min read
