Emerging Europe Rapid Response Czech Interest Rate Announcement (Nov.) The Czech National Bank cut its policy rate by 25bp again today, to 4.00%, and we still think that the conditions will be in place for the policy rate to be lowered to its estimated neutral level of 3... 7th November 2024 · 2 mins read
Europe Economics Update Bumper cut today, but smaller cuts to follow Today’s 50bp cut is likely to be the only one in the cycle for the Riksbank, and we expect it to cut by just 25bp at its next two meetings to take the policy rate to its “terminal” level of 2.25% in... 7th November 2024 · 3 mins read
UK Economics Rapid Response Bank of England Policy Announcement (7th Nov. 2024) While cutting interest rates from 5.00% to 4.75% today, the Bank of England implied that the Budget means rates will continue to fall only gradually. We agree and due to the Budget (and not the US... 7th November 2024 · 2 mins read
Europe Economics Update Norges Bank to start cutting in early 2025 Alongside its decision to leave interest rates unchanged today, Norges Bank reiterated that it expects to remain on hold in December too. It is likely to start cutting in Q1 next year and we suspect... 7th November 2024 · 3 mins read
Europe Rapid Response Riksbank Policy Announcement (November 2024) The Riksbank cut its policy rate by 50bp today to 2.75%, but the accompanying policy statement suggested that it plans only two more 25bps rate cuts to take it to a “terminal” rate of 2.25%. Given... 7th November 2024 · 2 mins read
Latin America Rapid Response Brazil Interest Rate Announcement (Nov. 2024) 6th November 2024 · 2 mins read
Emerging Europe Rapid Response Poland Interest Rate Announcement (Nov.) The decision by the National Bank of Poland to leave its policy rate on hold again today, at 5.75%, was never in doubt, and we think that interest rate cuts are unlikely to resume until the middle of... 6th November 2024 · 2 mins read
Asia Rapid Response Malaysia: Monetary Policy Meeting (November 2024) 6th November 2024 · 2 mins read
Australia & New Zealand Economics Update RBA will start cutting rates early next year Although the Reserve Bank of Australia maintained a broadly neutral stance at its meeting today, we still think it will start to lower interest rates as soon as February next year. However, with the... 5th November 2024 · 3 mins read
US Fed Watch 25bp will be the new normal With the economy on strong ground, we expect the Fed to shift to a more gradual pace of easing, cutting interest rates by 25bp at each meeting until rates reach 3.00-3.25%. The outcome of next week’s... 31st October 2024 · 8 mins read
Europe Economics Update One step at a time for the Riksbank Despite the Riksbank reopening the door to a 50bp cut at its last meeting, we think it will proceed gradually and cut by 25bps next week to 3.0%. This is because the policy rate is approaching the... 31st October 2024 · 5 mins read
BoE Watch Will the BoE start to cut interest rates quicker? The Bank of England will almost certainly cut interest rates for the second time in this cycle, from 5.00% to 4.75%, at the meeting on Thursday 7th November. But it is unlikely to hint that it intends... 31st October 2024 · 8 mins read
Japan Economics Update BoJ opens door to another rate hike BoJ Governor Ueda sounded more optimistic today and we’re sticking to our forecast of another rate hike at the Bank’s next meeting in December, though we don’t expect further tightening in 2025. 31st October 2024 · 3 mins read
