Asia Economics Weekly Can Asia continue to ride out the global storm? The impact of the current turmoil on Emerging Asia has so far been relatively small, and most currencies have appreciated against the US dollar over the past week. Large current account surpluses mean... 17th March 2023 · 7 mins read
Europe Economics Weekly Banking turmoil clouds ECB rate outlook It is to soon to conclude that euro-zone banks will escape liquidity issues on the back of troubles at US regional banks and Credit Suisse. But there are some reasons for cautious optimism. With that... 17th March 2023 · 6 mins read
China Economics Update RRR cut not a major easing move The People’s Bank (PBOC) has just announced a cut to the required reserve ratio (RRR). This will provide a bit of financial relief for China’s large and medium-sized banks. It may also help nudge down... 17th March 2023 · 4 mins read
India Economics Weekly SVB and Credit Suisse fallout, April rate hike For India, the fallout from the SVB collapse and Credit Suisse crisis has been limited. The big unknown is whether banking sector problems will flare up elsewhere. At the aggregate level, the Indian... 17th March 2023 · 3 mins read
Australia & New Zealand Economics Weekly RBA will shrug off market jitters Amid signs of trouble in the global banking system, markets believe that the RBA is done tightening and that rate cuts will be on the cards soon. However, with domestic demand showing few signs of... 17th March 2023 · 3 mins read
Commodities Update First thoughts on banking stress and commodity prices Commodity prices have tumbled as concern about a banking crisis has grown. The downside risks to our forecasts, which we recently attributed to higher interest rates, now include banking sector stress... 16th March 2023 · 2 mins read
Global Economics Update How could the situation escalate? We are resending this publication to include clients of our Property Services. We have already outlined some different scenarios of how things might evolve from here and it is still possible that the... 16th March 2023 · 4 mins read
Emerging Markets Economics Update A closer look at EMs’ exposure to bank flows A key channel through which emerging markets could be affected by the strains in the global banking sector is if lending by foreign banks falls sharply. On this front, EMs’ vulnerabilities have eased... 16th March 2023 · 3 mins read
Middle East & North Africa Economics Weekly How do the SVB and Credit Suisse crises affect MENA? The turmoil in the global banking sector could put currencies in North Africa under pressure if strains intensify and capital inflows dry up, which could hasten a sovereign default in Tunisia. For the... 16th March 2023 · 6 mins read
Event UK Drop-In: The Bank of England’s March interest rate decision 1679583600 How will the Bank of England play its March rate decision following recent turmoil in the US and European banking sectors?
Capital Daily ECB decision is a test of the conundrum facing central banks The renewed sell-off in global bank equities today, centring on Credit Suisse, is evidence that concerns about the resilience of the banking sector are now spreading outside of the US. There are still... 15th March 2023 · 6 mins read
