Asia Economics Update Bank Indonesia cuts rates, further easing likely to be gradual Today’s decision by Bank Indonesia (BI) to loosen monetary policy demonstrates that the central bank’s focus is clearly on supporting the economy. Although BI signalled that the rate cutting cycle is... 22nd September 2016 · 1 min read
Emerging Europe Economics Update Czech koruna not likely to see sharp gains when cap lifted Despite growing views to the contrary, it’s not clear to us that the Czech koruna will appreciate sharply as and when the National Bank exits the exchange rate “cap” policy. 22nd September 2016 · 1 min read
Europe Economics Update Norges Bank to cut interest rates to zero next year The Norges Bank left its key policy rate on hold today and signalled that no change was likely in the remainder of the year. But we think that more monetary loosening will be needed in 2017. 22nd September 2016 · 1 min read
Energy Update What to make of promises of more output from Libya and Nigeria Planned increases in output from Libya and Nigeria makes it even less likely that major oil producers will agree an output freeze next week in Algeria. But the output gains will have to be sustained... 22nd September 2016 · 1 min read
India Economics Update External vulnerabilities remain low India’s current account deficit all but held steady at a low level in Q2, which leaves the economy well placed to weather any sudden shifts in global risk appetite over the coming months. 22nd September 2016 · 1 min read
Australia & New Zealand Economics Update New Zealand - RBNZ desperate to get the dollar down Although the Reserve Bank of New Zealand left interest rates on hold at 2.0% today, it hinted that in order to weaken the dollar and boost inflation, it will soon cut rates to a new record low of 1.75... 22nd September 2016 · 1 min read
Nordic & Swiss Economics Update Riksbank minutes suggest no extension of asset purchases The minutes of the Riksbank’s latest meeting revealed that at least half of the Executive Board thought that there is little need for the Bank to extend asset purchases beyond December. Indeed... 21st September 2016 · 1 min read
US Economics Update Fed on track for a December rate hike The Fed left its policy rate unchanged at between 0.25% and 0.50% at the conclusion of this week's FOMC meeting, but it appears to be firmly on track for a December hike. However, the fed funds rate... 21st September 2016 · 1 min read
Latin America Chart Pack Governments tighten the purse strings The past month has seen governments across Latin America announce belt-tightening measures for 2017 as part of their continued efforts to repair balance sheets following the drop in commodity revenues... 21st September 2016 · 1 min read
Global Markets Update Market implications of the BoJ’s policy changes Rather than loosen policy outright on Wednesday, the Bank of Japan (BoJ) made changes to its existing policy framework, some of which are designed to lessen side effects on the financial sector. It is... 21st September 2016 · 1 min read
Energy Data Response US Weekly Petroleum Status Report (21st Sep. 16) US crude oil stocks fell sharply last week. However, imports and production rose whilst demand from refineries slipped back. Gasoline stocks also declined as demand jumped and output from refineries... 21st September 2016 · 1 min read
Metals Data Response Global Steel Production (Aug.) South Africa’s total mine production continued to fall in August, but PGM output recovered as miners took advantage of higher prices. Looking ahead, we think there is a risk of supply disruptions in... 21st September 2016 · 1 min read
Capital Daily What to make of the BoJ’s recalibration of monetary policy 21st September 2016 · 1 min read
China Activity Monitor Recovery continues The Capital Economics China Activity Proxy (CAP) suggests that growth accelerated further last month to the fastest since 2014. 21st September 2016 · 1 min read
US Housing Market Update What can we learn from the Zillow Confidence Index? At the national level, the Zillow index of housing market confidence offers a similar perspective to other measures of housing market sentiment. But with its short history and infrequent publication... 21st September 2016 · 1 min read
UK Housing Market Update Central boroughs lead London slowdown Growth in the capital’s asking prices has slowed sharply in recent months, driven primarily by a weak performance in the central boroughs. With London’s housing market facing headwinds from high... 21st September 2016 · 1 min read
