Emerging Europe Rapid Response Czech Interest Rate Announcement (Jun.) The decision by the Czech National Bank to deliver another 50bp cut to its policy rate today, to 4.75%, was a dovish surprise to most analysts (although not ourselves). That said, the post-meeting... 27th June 2024 · 2 mins read
Emerging Europe Rapid Response Turkey Interest Rate Announcement (Jun.) The decision by the Turkish central bank (CBRT) to leave its main policy rate on hold again today, at 50.00%, was widely expected, and the continued hawkish communications support our view that... 27th June 2024 · 2 mins read
Europe Rapid Response Riksbank Policy Announcement (June 2024) The Riksbank’s decision to leave rates unchanged was as expected and does not suggest that policymakers are regretting their decision to cut in May. Instead, today’s statement says that they want to... 27th June 2024 · 2 mins read
Middle East & North Africa Rapid Response Morocco Interest Rate Announcement (June 2024) Morocco’s central bank, Bank Al-Maghrib (BAM) announced this afternoon that it has cut its key policy interest rate by 25bp, to 2.75%. We expect that the Bank will continue to tread cautiously, as the... 25th June 2024 · 2 mins read
India Chart Pack India Chart Pack (June 2024) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to... 25th June 2024 · 1 min read
Europe Economics Update Riksbank to leave rates and guidance unchanged Having cut the policy rate by 25bp at its last meeting, we think the Riksbank will stick with its guidance that it will keep rates on hold next week. But with inflation likely to fall below 2% in the... 20th June 2024 · 5 mins read
UK Economics Update BoE may cut rates in August, but rates may reach 3.00% later The Bank of England predictably left interest rates unchanged at 5.25% today but continued to give the impression that the pieces of the puzzle are almost in place for it to cut rates. This lends some... 20th June 2024 · 3 mins read
Asia Economic Outlook Policy easing to begin soon We expect economic growth in most countries in Asia to slow in the second half of 2024, as tighter fiscal policy, high interest rates and weaker global growth all weigh on demand. Inflation is back to... 20th June 2024 · 28 mins read
UK Economics Rapid Response Bank of England Policy Announcement (20th Jun. 2024) 20th June 2024 · 2 mins read
Middle East & North Africa Economics Weekly Lebanon on the brink, Hajj underway, Morocco rates Tensions between Hezbollah and Israel have ratcheted up in recent weeks and now threatens to draw Lebanon directly into the war. The economy is already in the midst of one of the worst crises on... 20th June 2024 · 6 mins read
Europe Economics Update SNB cuts rates again, but likely to be last one this year The SNB’s decision to cut the policy rate from 1.5% to 1.25% was probably more influenced by the appreciation of the franc over the last two months than any perceived easing in domestic inflation... 20th June 2024 · 3 mins read
Asia Rapid Response Indonesia Policy Rate (June 2024) Bank Indonesia today left interest rates unchanged (at 6.25%), but hinted at possible rate cuts later in the year, provided that the rupiah stabilises against the US dollar. The central bank’s dovish... 20th June 2024 · 2 mins read
Europe Rapid Response Norges Bank Policy Announcement (June 2024) Norges Bank’s verbal guidance and updated interest rate projections reinforce the message that it won’t start cutting interest rates until the end of the year at the earliest. 20th June 2024 · 2 mins read
Europe Rapid Response Swiss National Bank Policy Meeting (June. 2024) Today’s decision by the SNB to reduce its policy rate from 1.5% to 1.25% was correctly anticipated by two thirds of economists surveyed by Reuters. (We were in the minority anticipating a hold.) In... 20th June 2024 · 1 min read
Capital Daily Depth of rate cuts matters more for markets than timing Although the Reserve Bank of Australia – which left policy on hold today – looks set to be the last developed market central bank to join the easing cycle now underway among developed economies, we... 18th June 2024 · 4 mins read
Emerging Europe Rapid Response Hungary Interest Rate Announcement (Jun.) The communications accompanying the decision by the Hungarian central bank to cut its base rate by a smaller 25bp today, to 7.00%, were fairly hawkish and support our view that the base rate will only... 18th June 2024 · 2 mins read
