Global Economics Update Global interest rates have much further to fall Today’s coordinated half-point rate cuts from all the major central banks (except Japan, where rates were already just 0.5%) are clearly welcome and may provide a temporary boost to confidence. But we... 8th October 2008 · 1 min read
Global Economics Update Some better news on food prices Lower oil prices have provided a little support to equity markets in the last few days, but it is worth noting that agricultural commodities have been dropping back too. The scene is being set for... 18th July 2008 · 1 min read
Global Economics Update Central banks still have a lot more work to do The Bank of England’s Financial Stability Report, published this morning, suggests that the worst of the global financial crisis may now be over. The immediate threat of a full-blown meltdown has... 1st May 2008 · 1 min read
Global Economics Update World trade slowing, but unlikely to collapse Developments in world trade are one indication of the ability of the global economy to “decouple” from the recession in the US. The most recent numbers are fairly reassuring. We expect the pace of... 24th April 2008 · 1 min read
Global Economics Update Why the US should avoid a Japan-style lost decade 17th April 2008 · 1 min read
Global Economics Update Is the dollar's reserve currency status under threat? The sub-prime crisis in US financial markets does not yet appear to have turned the dollar into a subprime currency. The latest IMF data show that despite the weakness of the dollar over several years... 15th April 2008 · 1 min read
Global Economics Update Bank of Canada takes the initiative Signs that the downturn in the US is now having a marked impact on Canada prompted the Bank of Canada to cut interest rates by a bigger 50 basis points today, to 3.5%. (See Chart.) Moreover, the... 4th March 2008 · 1 min read
Global Economics Update Can rising equities offset lower house prices? Some commentators have suggested that the positive wealth effect from a possible recovery in equity markets might go a long way towards offsetting the negative impact of lower house prices. This would... 8th January 2008 · 1 min read
Global Economics Update Will higher inflation prevent further rate cuts? 18th December 2007 · 1 min read
Global Economics Update Surge in food price inflation unlikely to last 17th December 2007 · 1 min read
Global Economics Update Central banks ease the liquidity crisis, but problems go deeper 12th December 2007 · 1 min read
