Cookies on the
Capital Economics
Website
We use cookies to ensure that we give you the best experience on our website. Click continue to confirm that you are happy to continue to receive cookies on the Capital Economics website. Alternatively, if you would like to, you can change your cookie settings.

Capital Economics

The leading macroeconomic research consultancy

Monetary policy

Articles
Search by region:
European Economics > European Economics Update — Should the ECB be happy with the first 10 weeks of QE?UK Economics > UK Data Response — Consumer Prices & Producer Prices (Apr.)Emerging Asia Economics > Emerging Asia Economics Update — Rate cuts before year-end likely in IndonesiaJapan Economics > Bank of Japan Watch — BoJ still likely to ease before too longGlobal Markets > Emerging Markets Markets Chart Book — How will EM corporate spreads react to higher US rates?Emerging Asia Economics > Emerging Asia Economics Weekly — Asia’s rate cutting cycle is nearing an endJapan Economics > Japan Economics Weekly — When will housing rents stop falling?Latin America Economics > Latin America Update — Chile and Peru happy to play a waiting gameEmerging Asia Economics > Emerging Asia Economics Update — Korea's rate-cutting cycle is overChina Economics > China Economics Update — Deposit rate liberalisation still on track
Emerging Asia Economics > Emerging Asia Economics Update — Philippines in no rush to adjust monetary policyJapan Economics > Japan Economics Update — Monetary Indicators Monitor (Apr.)India Economics > India Data Response — Wholesale Prices (Apr.)Latin America Economics > Latin America Economic Outlook — Recovery stalls as Brazil suffers renewed downturnAustralia & New Zealand Economics > Australia & New Zealand Economics Update — New mortgage restrictions raise rate cut chancesAfrica Economics > Africa Economics Update — Ghana: surprise hike probably result of IMF pressureThis article appears in multiple services — Bank of England Inflation Report (May)European Economics > European Economics Update — Sedlabanki holds, but interest rates to rise soonJapan Economics > Japan Economics Update — Should the BoJ scrap its monetary base target?This article appears in multiple services — Austerity and low inflation likely to keep MPC inactive
China Economics > China Economics Update — PBOC injects another 25bp of supportUK Economics > UK Economics Weekly — Tory majority brings more clarity to fiscal outlookUS Economics > US Data Response — Employment Report (Apr.)Emerging Asia Economics > Emerging Asia Economics Weekly — Asia’s exports should recover from weak Q1UK Economics > UK Data Response — Trade (Mar.)Japan Economics > Japan Economics Weekly — Bank of Japan will have to ease more before too longAustralia & New Zealand Economics > Australia & New Zealand Economics Weekly — Growing pressure on RBNZ to join rate cutting clubLatin America Economics > Latin America Watch — Brazil heads deeper into the fiscal mireGlobal Markets > Capital Markets Analyst — Will tighter Fed policy rattle the markets?Australia & New Zealand Economics > Australia & New Zealand Economics Focus — Budget Preview: Disappointing as well as “dull”
Emerging Europe Economics > Emerging Europe Economics Update — Czech MPC turns a little less dovishGlobal Economics > Global Economics Chart Book — Consumers yet to spend their oil windfall...Emerging Asia Economics > Emerging Asia Economics Update — Malaysia’s rate pause to continue through 2015European Economics > European Economics Update — Policy unchanged in Norway, but rate cut still on the cardsIndia Economics > India Inflation Monitor — Reserve Bank on course to meet 2016 inflation targetUK Consumer > UK Economics Chart Book — Few signs of election uncertainty undermining recoveryEmerging Europe Economics > Emerging Europe Economics Update — Polish MPC plays down talk of tighteningAfrica Economics > Africa Economics Update — Kenyan interest rates held, hike likely later this yearThis article appears in multiple services — Election just one reason to keep rates on holdAustralia & New Zealand Economics > Australia & New Zealand Economics Update — 2% won’t be the floor
China Economics > China Watch — Why the RRR is still an effective policy tool in ChinaCanada Economics > Canada Economics Weekly — Poloz singing from same old hymn bookJapan Economics > Japan Economics Weekly — Should the BoJ introduce negative interest rates?Australia & New Zealand Economics > Australia & New Zealand Economics Weekly — The RBA’s dilemma laid bareLatin America Economics > Latin America Chart Book — Recovery faltersGlobal Economics > Global Monetary Indicators Monitor — Monetary conditions still ultra-looseEmerging Asia Economics > Emerging Asia Economics Weekly — How fragile is Malaysia?Australia & New Zealand Economics > Australia & New Zealand Economics Update — RBNZ edging closer to cutting ratesMiddle East & North Africa Economics > Middle East Economic Updates — Central Bank of Egypt shifts attention back on to inflationJapan Economics > Japan Economics Update — Bank of Japan will have to ease more before long
Latin America Economics > Latin America Update — Brazil hike rates; all eyes now on the realUS Economics > US Economics Update — Fed acknowledges first-quarter slowdownEmerging Asia Economics > Emerging Asia Chart Book — Slow out of the blocksEuropean Economics > European Economics Update — Swedish Riksbank increases stimulus to battle deflationEmerging Asia Economics > Emerging Asia Economics Update — Bank of Thailand to adopt wait-and-see stanceEuropean Economics > European Economics Update — Euro-zone Monetary Indicators Monitor (Mar.)India Economics > India Watch — The implications of a weak monsoonChina Economics > China Economics Update — Is the People’s Bank about to launch QE?Australia & New Zealand Economics > RBA Watch — Keeping its rate cut promiseGlobal Economics > Global Central Bank Watch — Has the threat of deflation passed already?
Emerging Europe Economics > Emerging Europe Chart Book — Russia’s economy slumps, growth weakens in TurkeyLatin America Economics > Latin America Update — Colombia: limited room for interest rate cuts this yearJapan Economics > Bank of Japan Watch — BoJ could spring another surpriseAustralia & New Zealand Economics > Australia & New Zealand Economics Weekly — Is the RBA losing faith in monetary policy?Commodities Overview > Commodities Weekly Wrap — Relative calm unlikely to lastUS Economics > US Economics Weekly — Weak first quarter won't stop the Fed hiking rates this yearUK Economics > UK Economics Weekly — Grexit risks underline need for MPC cautionEmerging Asia Economics > Emerging Asia Economics Weekly — A manufacturing migration?Middle East & North Africa Economics > Middle East Economic Updates — Central Bank of Egypt stands pat as inflation risesMiddle East & North Africa Economics > Middle East Chart Book — Region’s politics take another twist
European Economics > European Data Response — Euro-zone Flash PMIs (Apr.)Emerging Markets Economics > Emerging Markets Economics Chart Book — EM growth sinks as BRICs woes deepenUK Markets > UK Markets Chart Book — Markets underestimating potential election impactUS Economics > US Fed Watch — Fed waiting for data to break one way or the otherEmerging Europe Economics > Emerging Europe Economics Update — Turkish central bank tinkers around the edges to defend liraThis article appears in multiple services — MPC Minutes (Apr.)Canada Economics > Canada Chart Book — January rate cut won't be enough insuranceUK Economics > UK Economics Update — Election set to have bigger market impact than previous onesUS Economics > US Chart Book — Core inflation starting to firmEmerging Europe Economics > Emerging Europe Economics Update — Hungarian MPC signals further easing to come
Global Economics > Global Economics Update — Further slowdown in China will not stifle growth elsewhereLatin America Economics > Latin America Update — Reasons to remain upbeat on MexicoChina Economics > China Chart Book — PBOC steps up policy supportCanada Economics > Canada Economics Weekly — Bank of Canada doubles down on growth outlookGlobal Economics > Global Economic Outlook — More winners than losersEuropean Economics > European Economics Weekly — Will QE spur a revival in investment?UK Economics > UK Data Response — Labour market data (Feb./Mar.)Latin America Economics > Latin America Update — Chile: policy tightening not imminentGlobal Markets > Emerging Markets Markets Chart Book — Sun to continue shining on EM equitiesUK Economics > UK Quarterly Review — Don’t underestimate the economy’s hidden slack
Japan Economics > Japan Economics Focus — What could policymakers do next if QQE doesn’t work?India Economics > India Economics Update — Uncertainty over tax policy could stifle private investmentCanada Economics > Canada Economics Update — Bank of Canada holds policy rate at 0.75%European Economics > European Economics Update — ECB will implement QE in full and may need to do moreEmerging Europe Economics > Emerging Europe Economics Update — Polish MPC shrugs off concerns about deflation and strong zlotyEmerging Asia Economics > Emerging Asia Economics Update — Sri Lanka cuts rates to new lows, door opened for moreEmerging Markets Economics > Emerging Markets Economics Update — Window for policy loosening starting to closeEmerging Asia Economics > Emerging Asia Economics Update — Bank Indonesia to cut rates again before end-2015Emerging Asia Economics > Emerging Asia Economics Update — Singapore is finished with policy looseningJapan Economics > Japan Economics Update — Monetary Indicators Monitor (Mar.)
European Economics > European Economics Update — Is loose monetary policy inflating bubbles in Germany?Canada Economics > Canada Economics Weekly — Weaker currency will partly cushion hit from low oil pricesUS Economics > US Economics Weekly — Fed tightening pace dependent on market reactionEmerging Asia Economics > Emerging Asia Economics Weekly — Singapore looks set for more policy looseningLatin America Economics > Latin America Update — Peru signals end of easing cycleEuropean Economics > ECB Watch — ECB to downplay early taper talkEmerging Asia Economics > Emerging Asia Economic Outlook — Most of Emerging Asia set for faster growthEmerging Europe Economics > Emerging Europe Watch — Hungary’s Sunday trading ban symbolic of reform backslidingUK Economics > UK Economics Update — MPC to leave rates on hold for at least another yearMiddle East & North Africa Economics > Middle East Watch — Assessing the impact of a potential nuclear deal with Iran
Emerging Asia Economics > Emerging Asia Economics Update — Rising financial risks to deter aggressive rate cuts in KoreaEuropean Economics > European Economic Outlook — Recovery prospects clouded by GreeceGlobal Economics > Global Economics Chart Book — Global growth to recover after weak Q1Japan Economics > Japan Economics Update — Bank of Japan still likely to expand QQE later this monthUK Economics > UK Economics Chart Book — Inflation is dead, but should rise again before longIndia Economics > India Economics Update — Door for further rate cuts still openAustralia & New Zealand Economics > Australia & New Zealand Economics Update — RBA misses a chance to weaken the dollarJapan Economics > Bank of Japan Watch — BoJ to ease policy at the end of the monthUS Economics > US Data Response — Unexpected weakness a temporary blipChina Economics > China Watch — Policymakers still have plenty of ammunition
US Economics > US Economics Weekly — Construction weakness due to seasonal adjustment failureGlobal Economics > Global Economics Update — ECB trumps Bank of Japan?European Economics > European Economics Weekly — Greece & the ECB both have a lot more work to doEuropean Economics > European Economics Update — ECB March minutes will dampen talk of early QE taperIndia Economics > RBI Watch — RBI won’t need to follow the FedEmerging Asia Economics > Emerging Asia Economics Weekly — AIIB – what is all the fuss about?This article appears in multiple services — “Noflation” unlikely to prompt rate cutEmerging Markets Economics > Emerging Markets Economic Outlook — In the footsteps of the Fed?Global Markets > Global Markets Update — Will the ECB’s QE provide more fuel for euro-zone bonds?Latin America Economics > Latin America Markets Monitor — Currency rout rules out further policy easing
India Economics > India Watch — Why aren’t banks lending more?Australia & New Zealand Economics > RBA Watch — Why wait?US Economics > US Economics Update — Yellen, Bernanke and the equilibrium real rateJapan Economics > Japan Economics Focus — “Abenomics” needs a fresh boostGlobal Economics > Global Central Bank Watch — Currency movements reinforce the case for looser policyUK Economics > UK Economics Weekly — Zero inflation doesn’t boost case for rate cutJapan Economics > Japan Data Response — Retail Sales, Unemployment, Household Spending & Consumer Prices (Feb.)China Economics > China Economics Focus — Outlook for China has actually brightenedCanada Economics > Canada Economics Update — Bank of Canada in no hurry to cut ratesLatin America Economics > Latin America Chart Book — Currency sell-off puts paid to further policy loosening
Africa Economics > Africa Economics Update — Kganyago paves way for South Africa rate hikeEmerging Europe Economics > Emerging Europe Economics Update — Czech MPC keeps policy unchanged, but hints at looseningEuropean Economics > European Economics Update — Euro-zone Monetary Indicators Monitor (Feb.)Africa Economics > Africa Chart Book — Nigerian politics take centre stageAustralia & New Zealand Economics > Australia & New Zealand Chart Book — Investment outlook weakensEmerging Europe Economics > Emerging Europe Chart Book — Central Europe shaping up well at the start of 2015Emerging Europe Economics > Emerging Europe Economics Update — Hungary: a few more small rate cuts on the cardsEmerging Asia Economics > Emerging Asia Chart Book — Exports take a turn for the worseEmerging Europe Economics > Emerging Europe Economics Update — Polish easing cycle at an end, policy to stay extremely looseEmerging Asia Economics > Emerging Asia Economics Weekly — Taiwan is unlikely to join Asia's rate-cutting cycle