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
ECB Watch ECB still hesitant to pull out all the stops Euro-zone interest rates will almost certainly be on hold in June, but the focus has shifted to any developments regarding unconventional policies. The Bank is likely to confirm its intention to start... 28th May 2009 · 1 min read
Asia Economics Update Bank of Thailand ends easing cycle too early The Bank of Thailand (BOT) left its 1-day repo rate on hold at 1.25% today, against our and consensus expectations for a 25bps cut. The weakness of domestic demand and the spectre of sustained... 20th May 2009 · 1 min read
Emerging Europe Economics Update Pick-up in inflation to prompt pause in easing cycle (May 09) Inflation data have surprised on the upside in both Poland and Hungary in recent months, due in large part to recent currency weakness. But the bigger picture is that the pick-up in inflation in both... 19th May 2009 · 1 min read
Latin America Economics Update Rates set to fall further despite 'green shoots' Despite welcome signs that the Latin American economy is no longer in free-fall, growth concerns continue to dominate the agenda of policymakers. Accordingly, we expect further interest rate cuts to... 12th May 2009 · 1 min read
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
